ºÝºÝߣ

ºÝºÝߣShare a Scribd company logo

Nicola Wealth Real Estate: 2021 Year-End Update

•Download as PPTX, PDF•
•
N
Nicola Wealth

The Nicola Wealth Real Estate team was exceptionally active through 2021. With a record number of acquisitions, entry into several new markets, and the addition of new development projects, Managing Director of Real Estate, Mark Hannah had plenty to share in this year-in-review discussion.

1 of 12
Download to read offline
Nicola Wealth Real Estate 2021 YearEnd Update
Summaryof2021Returns 10239 Grace Road, Surrey, BC *See Disclaimer at the end of the presentation Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Returns are net of fund expenses charged to date. This is not a sales solicitation. This investment is intended for tax residents of Canada who are accredited investors. Residency restrictions apply. Please read the relevant documentation for additional details and important disclosure information, including terms of redemption and limited liquidity. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions. Returns are calculated on a monthly basis and may differ from client returns which are updated with a 1 month lag. Effective January 1, 2019 all funds branded NWM were changed to the fund family name Nicola. Effective January 1, 2019 Nicola Canadian Real Estate LP, Nicola U.S. Real Estate LP, and Nicola Value Add Real Estate LP adopted new mandates and changed names from SPIRE Real Estate LP, SPIRE US LP, SPIRE Value Add LP. Distributions are not guaranteed and may vary in amount and frequency over time. Nicola U.S. Real Estate LP was set up in July 2007 but opened to investors in June 2010 and all returns are calculated from June 2010. For a complete listing of Nicola Wealth Real Estate portfolios, please visit realestate.nicolawealth.com. This summary contains forward-looking information and actual results may vary materially in respect of the investment described in this summary. This summary is not an offering document or an offering of securities in any jurisdiction. 2021 Returns Since Inception 2022 Projected Nicola Canadian Real Estate LP 18.4% 9.6% 10.0% - 11.0% Nicola U.S. Real Estate LP 11.5% 10.9% 10.0% - 11.0% Nicola Value Add Real Estate LP 12.9% 13.9% 13.0% - 15.0%
Select Acquisitions – Nicola Canadian Real Estate LP 3 901 Hopkins Street Whitby, ON Industrial Development Site 208-226 Wyecroft Road Oakville, ON Industrial 11 Plymouth Street Winnipeg, MB Industrial Elite Self Storage Langford (Victoria), BC Self Storage 2111 Main Street Vancouver, BC Multi-Family Rental Development Site 120 West 3rd Avenue Vancouver, BC Creative Office
Select Acquisitions – Nicola U.S. Real Estate LP 4 Northgate Executive Center Seattle, WA Office & Covered Land Play Ampac I & II Industrial Park Las Vegas, NV Industrial Minneapolis Industrial Portfolio Minneapolis, MN Industrial 3120 Spur 482 Dallas-Fort Worth, TX Industrial & Covered Land Play Chatfield Distribution Center Denver, CO Industrial 6111 – 6215 West Van Buren Street Phoenix, AZ Industrial
Select Acquisitions – Nicola Value Add Real Estate LP 5 Eastfield Business Park Calgary, AB Industrial Partner: Anthem 9640 McCarthy Road Kelowna, BC Strata Industrial Partner: PC Urban 8700 Barnard Street Vancouver, BC Strata Industrial Partner: PC Urban 101-205 Doney Crescent Vaughan, ON Industrial Development Partner: Northbridge 2844 West Deer Valley Road Phoenix, AZ Industrial Partner: Hopewell 3499 Rue Douglas B. Floreani Montreal, QC Industrial Partner: Montoni Group
6 Theprincipals &employees of Nicola Wealth have over $100M(CAD) of their owncapital invested across all three real estate funds. Nicola WealthReal Estate Team Investments Team Mortgage Financing Team Insurance Team Asset Management Team Leasing Team Development Team Finance & Accounting Disciplined acquisitions Accretive debt procurement Thorough insurance coverage Hands on approach to management Aggressive leasing strategy Value creation through development Robust financial reporting
2021 Dispositions 7 Cathedral Energy Building Edmonton, AB Industrial Plaza 400 Prince George, BC Office Lougheed Super Centre Coquitlam, BC Retail Canyon Park Heights Seattle (Bothell), WA Office South Hill Village Seattle (Puyallup), WA Retail
Build-to-Own Developments 8 NCRE LP 2285 Cambie Street Vancouver, BC Office McKenzie & Shelbourne Victoria, BC Multi Family Rental The Spencer Block Victoria, BC Multi Family Rental Partner: Denciti 880 Avonhead Road Mississauga, ON Industrial Partner: First Gulf 601 – 607 Milner Avenue Toronto, ON Industrial 2485 Speers Road Oakville, ON Industrial Partner: First Gulf
Project Updates – Nicola Value Add Real Estate LP 9 Industrial Portfolio Hamilton & Burlington, ON Industrial Partner: First Gulf Evolution Block Vancouver, BC Industrial & Office Partner: PC Urban Construction Complete 8 of 9 Properties Re-Sold 100% Sold 98% Pre-Sold & Under Construction Complete & 100% Sold The Lex Vancouver, BC Strata Residential Conversion Partner: Pure Group The Bertram Kelowna, BC Strata Residential Partner: Mission Group Hudson Place One Victoria, BC Strata Residential Partner: Townline IntraUrban Kent Vancouver Strata Industrial Partner: PC Urban 100% Pre-Sold & Under Construction
Threats in 2022 and Beyond 10 INTEREST RATES INFLATION ACCESS TO LABOUR MUNICIPAL RED TAPE SUPPLY CHAIN (LACK OF) FEDERAL LEADERSHIP
ESG – Real Estate Examples 11 Environmental Social Governance  Construction and Building Design  Transit Oriented Development  Reduced Energy Consumption  Charitable Giving & Philanthropy  Employee Health and Wellness  Community focused uses for properties (e.g. artist studios)  External Investment Committee  External Investment Review Board  Third Party Property Valuations/Appraisal
realestate.nicolawealth.com ThankYou This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Returns are net of fund expenses charged to date. This is not a sales solicitation. This investment is intended for tax residents of Canada who are accredited investors. Residency restrictions apply. Please read the relevant documentation for additional details and important disclosure information, including terms of redemption and limited liquidity. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions. Returns are calculated on a monthly basis and may differ from client returns which are updated with a 1 month lag. Effective January 1, 2019 all funds branded NWM were changed to the fund family name Nicola. Effective January 1, 2019 Nicola Canadian Real Estate LP, Nicola U.S. Real Estate LP, and Nicola Value Add Real Estate LP adopted new mandates and changed names from SPIRE Real Estate LP, SPIRE US LP, SPIRE Value Add LP. Distributions are not guaranteed and may vary in amount and frequency over time. Nicola U.S. Real Estate LP was set up in July 2007 but opened to investors in June 2010 and all returns are calculated from June 2010. For a complete listing of Nicola Wealth Real Estate portfolios, please visit realestate.nicolawealth.com. This summary contains forward-looking information and actual results may vary materially in respect of the investment described in this summary. This summary is not an offering document or an offering of securities in any jurisdiction.

More Related Content

Nicola Wealth Real Estate: 2021 Year-End Update

  • 1. Nicola Wealth Real Estate 2021 YearEnd Update
  • 2. Summaryof2021Returns 10239 Grace Road, Surrey, BC *See Disclaimer at the end of the presentation Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Returns are net of fund expenses charged to date. This is not a sales solicitation. This investment is intended for tax residents of Canada who are accredited investors. Residency restrictions apply. Please read the relevant documentation for additional details and important disclosure information, including terms of redemption and limited liquidity. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions. Returns are calculated on a monthly basis and may differ from client returns which are updated with a 1 month lag. Effective January 1, 2019 all funds branded NWM were changed to the fund family name Nicola. Effective January 1, 2019 Nicola Canadian Real Estate LP, Nicola U.S. Real Estate LP, and Nicola Value Add Real Estate LP adopted new mandates and changed names from SPIRE Real Estate LP, SPIRE US LP, SPIRE Value Add LP. Distributions are not guaranteed and may vary in amount and frequency over time. Nicola U.S. Real Estate LP was set up in July 2007 but opened to investors in June 2010 and all returns are calculated from June 2010. For a complete listing of Nicola Wealth Real Estate portfolios, please visit realestate.nicolawealth.com. This summary contains forward-looking information and actual results may vary materially in respect of the investment described in this summary. This summary is not an offering document or an offering of securities in any jurisdiction. 2021 Returns Since Inception 2022 Projected Nicola Canadian Real Estate LP 18.4% 9.6% 10.0% - 11.0% Nicola U.S. Real Estate LP 11.5% 10.9% 10.0% - 11.0% Nicola Value Add Real Estate LP 12.9% 13.9% 13.0% - 15.0%
  • 3. Select Acquisitions – Nicola Canadian Real Estate LP 3 901 Hopkins Street Whitby, ON Industrial Development Site 208-226 Wyecroft Road Oakville, ON Industrial 11 Plymouth Street Winnipeg, MB Industrial Elite Self Storage Langford (Victoria), BC Self Storage 2111 Main Street Vancouver, BC Multi-Family Rental Development Site 120 West 3rd Avenue Vancouver, BC Creative Office
  • 4. Select Acquisitions – Nicola U.S. Real Estate LP 4 Northgate Executive Center Seattle, WA Office & Covered Land Play Ampac I & II Industrial Park Las Vegas, NV Industrial Minneapolis Industrial Portfolio Minneapolis, MN Industrial 3120 Spur 482 Dallas-Fort Worth, TX Industrial & Covered Land Play Chatfield Distribution Center Denver, CO Industrial 6111 – 6215 West Van Buren Street Phoenix, AZ Industrial
  • 5. Select Acquisitions – Nicola Value Add Real Estate LP 5 Eastfield Business Park Calgary, AB Industrial Partner: Anthem 9640 McCarthy Road Kelowna, BC Strata Industrial Partner: PC Urban 8700 Barnard Street Vancouver, BC Strata Industrial Partner: PC Urban 101-205 Doney Crescent Vaughan, ON Industrial Development Partner: Northbridge 2844 West Deer Valley Road Phoenix, AZ Industrial Partner: Hopewell 3499 Rue Douglas B. Floreani Montreal, QC Industrial Partner: Montoni Group
  • 6. 6 Theprincipals &employees of Nicola Wealth have over $100M(CAD) of their owncapital invested across all three real estate funds. Nicola WealthReal Estate Team Investments Team Mortgage Financing Team Insurance Team Asset Management Team Leasing Team Development Team Finance & Accounting Disciplined acquisitions Accretive debt procurement Thorough insurance coverage Hands on approach to management Aggressive leasing strategy Value creation through development Robust financial reporting
  • 7. 2021 Dispositions 7 Cathedral Energy Building Edmonton, AB Industrial Plaza 400 Prince George, BC Office Lougheed Super Centre Coquitlam, BC Retail Canyon Park Heights Seattle (Bothell), WA Office South Hill Village Seattle (Puyallup), WA Retail
  • 8. Build-to-Own Developments 8 NCRE LP 2285 Cambie Street Vancouver, BC Office McKenzie & Shelbourne Victoria, BC Multi Family Rental The Spencer Block Victoria, BC Multi Family Rental Partner: Denciti 880 Avonhead Road Mississauga, ON Industrial Partner: First Gulf 601 – 607 Milner Avenue Toronto, ON Industrial 2485 Speers Road Oakville, ON Industrial Partner: First Gulf
  • 9. Project Updates – Nicola Value Add Real Estate LP 9 Industrial Portfolio Hamilton & Burlington, ON Industrial Partner: First Gulf Evolution Block Vancouver, BC Industrial & Office Partner: PC Urban Construction Complete 8 of 9 Properties Re-Sold 100% Sold 98% Pre-Sold & Under Construction Complete & 100% Sold The Lex Vancouver, BC Strata Residential Conversion Partner: Pure Group The Bertram Kelowna, BC Strata Residential Partner: Mission Group Hudson Place One Victoria, BC Strata Residential Partner: Townline IntraUrban Kent Vancouver Strata Industrial Partner: PC Urban 100% Pre-Sold & Under Construction
  • 10. Threats in 2022 and Beyond 10 INTEREST RATES INFLATION ACCESS TO LABOUR MUNICIPAL RED TAPE SUPPLY CHAIN (LACK OF) FEDERAL LEADERSHIP
  • 11. ESG – Real Estate Examples 11 Environmental Social Governance  Construction and Building Design  Transit Oriented Development  Reduced Energy Consumption  Charitable Giving & Philanthropy  Employee Health and Wellness  Community focused uses for properties (e.g. artist studios)  External Investment Committee  External Investment Review Board  Third Party Property Valuations/Appraisal
  • 12. realestate.nicolawealth.com ThankYou This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Returns are net of fund expenses charged to date. This is not a sales solicitation. This investment is intended for tax residents of Canada who are accredited investors. Residency restrictions apply. Please read the relevant documentation for additional details and important disclosure information, including terms of redemption and limited liquidity. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions. Returns are calculated on a monthly basis and may differ from client returns which are updated with a 1 month lag. Effective January 1, 2019 all funds branded NWM were changed to the fund family name Nicola. Effective January 1, 2019 Nicola Canadian Real Estate LP, Nicola U.S. Real Estate LP, and Nicola Value Add Real Estate LP adopted new mandates and changed names from SPIRE Real Estate LP, SPIRE US LP, SPIRE Value Add LP. Distributions are not guaranteed and may vary in amount and frequency over time. Nicola U.S. Real Estate LP was set up in July 2007 but opened to investors in June 2010 and all returns are calculated from June 2010. For a complete listing of Nicola Wealth Real Estate portfolios, please visit realestate.nicolawealth.com. This summary contains forward-looking information and actual results may vary materially in respect of the investment described in this summary. This summary is not an offering document or an offering of securities in any jurisdiction.