STOREYS
News and Storeys at CORE

PRIME HOLDINGS ACQUIRES MISSISSAUGA OFFICE CONDO BUILDINGS

July 2020

Prime Holdings, a division of CORE Realty Partners, recently acquired two buildings in a commercial office condominium complex at 5045 Orbitor Drive in Mississauga, ON for $8 million.

Located in Mississauga’s desirable airport conference district, the acquisition is the first of many planned for Prime Holdings. The property is professionally managed and fully leased, with an 18-month rental guarantee. Moreover, we believe net operating income can be improved while keeping in line with market rents.

The property will also be home to CORE’s new corporate headquarters; we plan to move in September 2020.

Prime Holdings is in the process of finalizing legal and regulatory documents to make this opportunity available to interested investors under our balanced B Series investments.

Craig Twigger, VP Business Development

CRAIG TWIGGER JOINS CORE

June 2020

The CORE group of companies are pleased to announce that Craig Twigger has joined the organization, and will be focused on business development.

Craig brings to CORE his 30 years management experience, spanning private growth companies and high-tech firms through Canada and the US. His 15-year journey in real estate investing has been a remarkably successful one, and has covered multi-unit residential development, limited partnerships, REIT growth, land assemblies and private lending; he is an active co-investor alongside CORE senior partners in a variety of projects and financings. Craig is a licensed Mortgage Agent.

Craig has joined CORE to help better serve investors and to drive growth of the CORE platform, playing a critical role in CORE’s growth strategies.

Prime Holdings Inc.

INTRODUCING PRIME HOLDINGS: OUR NEW ASSET MANAGEMENT BRAND

February 2020

CORE is pleased to announce it newest in-house brand – Prime Holdings Inc. Prime Holdings becomes the asset management arm for CORE Group of Companies. As its name connotes Prime Holdings Inc.’s mandate is to seek, acquire and manage prime, after market cash flowing real estate properties such as: commercial and medical offices as well as undervalued rental apartments and seniors housing.

This type of investment is ideal for forward thinking investors looking to diversify its investment portfolio to include commercial real estate which is outside the volatility of the stock market and public exchanges.

Investors can also benefit from regular income and asset appreciation over time. This CORE investment strategy belongs to the Balanced Series (B Series). Currently, CORE is focusing its first acquisition in the prime commercial office space in the greater Toronto area. More information will be shared as soon as the opportunity is firmed up and finalized.

BIG investment series

CORE LAUNCHES THE “BIG” INVESTMENT SERIES

January 2020

In an effort to streamline CORE’s investment offerings, it is pleased to announce the official launching of the BIG Investment Series. The strategy answers the question: “What do you want your investment to do for you?”

BIG is an acronym that stands for:  B for Balanced, I for Income and G for Growth.

The B Series are opportunities that allow investors to participate in the acquisition and management of aftermarket, cash flowing commercial properties. An investor can benefit from immediate cash flow as well as participate in the asset appreciation upon an exit event.

The I Series opportunities typically generate income through mortgage investments. Investors can participate directly in a specific opportunity or can diversify through an investment vehicle that invests in a portfolio of mortgages.  An investor normally has security against the property and will receive consistent cash flow.

The G Series opportunities give investors access to the equity side of the business or the partnership side of the business. As such one can participate in the profit from the development and management of an asset by purchasing units in a limited partnership. Profits can be received upon an exit event such as a sale or refinance of the asset.

CORE typically invests in projects in strong or emerging, primary or secondary markets with specific focus on the greater Toronto and Golden Horseshoe areas with terms between 24 to 60 months. Asset classes would include but not limited to purpose built apartments, retirement residences, medical offices as well as self-storage properties.

CORE SUCCESSFULLY FUNDS $3.8M FIRST MORTGAGE FOR THE DENTAL GROUP UNIVERSITY HEIGHTS

December 2019

CORE Capital Partners Inc. (FSCO Brokerage License No. 12497) and CORE Mortgage Admin Corp. (FSCO Mortgage Administration License No. 12345) are pleased to announce the successful funding of a first mortgage for $3.8 million dollars for The Dental Group University Heights located at 1275 Finch Ave West, Toronto

CORE Capital Partners Inc. provided financing to The Dental Group Inc. to acquire office space within the University Heights Professional & Medical Centre, an 8-storey, AAA, modern professional office and medical building. The purchase at 1275 Finch Avenue West included:

  • 5200 square feet of medical office which will house the practice of 8 general dentists, 4 specialists, 3 dental hygienists and their required staff
  • 20 parking spaces for dentists, employees and patients

This investment opportunity is one of CORE’s INCOME investment offerings and offered contractual returns of 8% annually, to be paid in quarterly installments plus a 1% annual bonus paid upon discharge of the mortgage.

The Dental Group Inc. is currently renovating the space with a completion date of approximately May 2020. The contemplated exit strategy for the mortgage investment is to refinance upon the stabilization of the business income.

CORE INVESTORS SUCCESSFULLY EXIT FROM $11.6M VIRERRA VILLAGE MORTGAGE

November 2019

CORE Capital Partners Inc. (FSCO Brokerage License No. 12497) and CORE Mortgage Admin Corp. (FSCO Mortgage Administration License No. 12345) are pleased to announce the successful exit of all its mortgage investors, amounting to $11.6 Million dollars from the Virerra Village Mortgage. Each investor received their principal and interest and all their contractual bonuses. Depending on their mortgage position investors received between 8% to 10% annual returns on their investment

CORE Capital Partners Inc. provided an alternative refinancing solution for the developer, Viridis Development Group Inc. Their proposed development, Virerra Village, is a 6.35-acre site situated at the intersection of Courtand Avenue and Block Line Road adjacent to one of the main Light Rail Transit (LRT) and the Rapid Transit Buses (GRT) station near with the property.

The proposed phase 1 will be a 27-storey building with a potential buildable area of 464,197 sq. ft. Phase 2 will feature a 32-storey building with a potential buildable area of 529,675 sq. ft. The site will undoubtedly be a landmark development for Kitchener upon completion.

Viridis Development Group Inc. will be submitting an application for site plan approval shortly to advance the project. The developers are working closely with a large private construction company based in Toronto as potential equity partner. CORE Capital Partner Inc. will assist in providing the developer with construction financing.

CORE LAUNCHES RENAISSANCE RETIREMENT RESIDENCES IN NORTH BAY

July 2019

CORE Realty Partners Inc. recently launched Renaissance Retirement Residences. Renaissance Retirement Residences was founded to cater to an ever-growing senior population which Statistics Canada predicts that the senior population aged 75 and over will grow by 53% between now and 2034. In fact, by 2030 there will be 3.7 million Canadians who will need to relocate to a retirement community.

CORE Realty Partners Inc. and 2345376 Ontario Inc. have come to a joint venture agreement to acquire 123 Delaware Avenue, North Bay. Currently, the site consists of 2.78 acres with an existing 80 room hotel. The development plan includes achieving site plan approval, demolish, construct and manage a 4-story low rise building consisting of 140-unit independent living retirement residences.

North Bay is historically considered the “Gateway to the North”. North Bay is a vibrant city, servicing a regional catchment area of 112,000 people, nestled between Lake Nipissing and Trout Lake. This city of 51,553 residents is conveniently located just three and a half hours from major Ontario centres such as Toronto and Ottawa and a short distance to U.S. markets.

BURLING TOWNS IS NOW GLENDOR TOWNS

December 2019

Core Capital Partners Inc. (FSCO Brokerage No 12497) is pleased to announce the Burling Towns project has been re-branded as ‘Glendor Towns’. DVLP, the developer behind this exciting project has recently achieved site specific zoning to build 34 Modern design townhouses. Located at Plains Road E & Brant Street in the heart of Burlington, Glendor Towns puts you in the middle of it all!

With transit at your doorstep and just minutes from the QEW, Fairview GO Station, the Lakefront and major shopping centres. It’s the perfect place to call home. Core provided 1st position mortgage for the acquisition and soft cost for the project amounting to approximately $ 5,000,000.

Stay tuned for details about CORE friends and family discounts when the pre-sale happens in Fall 2019!

INVESTORS SUCCESSFULLY EXITED FROM SHERWOOD FOREST

March 2019

Core Capital Partners Inc. (FSCO Brokerage No 12497) is pleased to announce the successful exit of the second mortgage Core investors provided to developers by way of a mezzanine loan amounting to $ 825,000 for soft costs to advance the Sherwood Forest student residences. The project is located in close proximity to Western University and Sherwood Forest Commercial complex in London Ontario. The project is now branded as “The W.”

Phase 1 is scheduled to be completed in 2019 and will include two 4-storey buildings containing a total of 56 student suites. Each suite is a self-contained 4 bedroom furnished apartment containing a full kitchen, living room, washer / dryer, and four private bedrooms each having a private bathroom. A central amenity building ‘clubhouse’ will provide group and private study rooms, fitness centre, social lounge with billiards, kitchen and soft seating, and a sales centre.

MARK VOSYLIUS JOINS CORE

February 2019

Effective February 2019, we are pleased to announce that Mr. Mark Vosylius has joined CORE as President & Managing Partner for Core Realty Partners Inc., the real estate investment and development arm for Core Group of Companies.

Prior to joining CORE, Mark has worked in various capacities in the real estate industry since 1989. His background includes portfolio property management, financing, commercial real estate sales, site planning, construction management and development/project management.

In recent years, Mr. Vosylius has been engaged in development/project management of various projects totaling in excess of $500 Million. Through such, he (formally) founded one of Canada’s premier real estate finance companies. Specializing in using creative funding techniques in both debt and equity positioning, he has achieved positive outcomes for both investor and property developer.

He was recognized by Real Estate Investment Network by winning their “Top 10 Award” twice. His real estate investment expertise is a result of his extensive and successful track record.

Mr. Vosylius holds a Bachelor’s Degree from York University, is a licensed Realtor, licensed Mortgage Broker. He is an active public speaker, author, and he has helped thousands of investors through his long running TV Show “Your Money and Real Estate”.

Park City by IVIVA Homes

CORE COMPLETES PARK CITY HOMES MEZZANINE FINANCING

January 2019

Core Capital Partners Inc. (FSCO Brokerage No 12497) is pleased to announce the successful completion of a $ 3.7 M mezzanine financing for iViva Homes’ Park City Homes. Park City Homes is planned to become a 190 Unit Townhouse Development project located in a prime location right on Yonge Street in Barrie ON. The project is within a 2-kilometer radius to schools, restaurants, major shopping centers, the GO station as well as the main waterfront parks.

The project will supply the ever-growing demand for quality residential properties in Barrie. Barrie has been named by Money Sense magazine as top 10 places to live in Canada. REIN (Real Estate Investment Network) also named Barrie ON as top 10 places to live and invest in Ontario.

4TH ANNUAL CORE RED CARPET EVENT

September 2018

CORE held its 4th Annual Red Carpet Event last September 8, 2018. The event was held at Hacienda Sarria located in Kitchener ON. Charming and unique, all 200 guest were greeted and enjoyed the evening at the European styled villa.

The evening started out with drinks and music as guests reconnected with old friends and introduced to new ones. Haven developments, iViva Homes and Reid’s Heritage homes were guest developers for the evening. Through their corporate booths, investors got first dibs on the latest offerings.

The group then proceeded to the plenary where CORE CEO Roberto Lloren shared a year in review and laid out the corporate direction in 2019. Dinner and drinks followed as laughter and great conversations pervaded the place.

BRED, through its partnership with CORE is pioneering the real estate industry by utilizing the blockchain technology and strategically bridging the gap between the digital and traditional real estate markets. Both CORE and BRED are working hard to launch a series of real estate opportunities that will be available and funded in the digital space.

As coffee and dessert were served, Dr. Walter Heidary, Chairman of BRED Token, the main sponsor for the evening introduced to the audience the technology behind the future of real estate investing – Blockchain technology. This technology is already adapted by the largest financial institutions in the world.

Stay tuned.

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