Alitis Private REIT
Our REIT is designed and managed differently from other private and public REITs in Canada. In order to maximize risk-adjusted returns through various real estate market cycles, we specifically use three strategies (Core Plus, Value Added, Opportunistic) that contribute to stable income and capital appreciation. The objectives of our unique approach is to offer additional performance with lower volatility and most importantly, improved liquidity.
Our Strategy
The Alitis Private REIT offers access to high-quality private real estate in one well-diversified solution. The objective of this Fund is to generate a moderate level of income plus capital appreciation over the long-term. Our Multi-Manager / Multi-strategy structure enables the REIT to gain exposure to a wide range of real estate types, geographic regions, and manager expertise. The target return is 8 – 12%, net of fees, over a 5 – 7 year period for Class F Units.
As a private REIT, our Fund benefits from the latitude to include more real estate development than publicly-traded REITs. With a target allocation of 20-25% in new developments and with projected gross returns of 20-30% from those investments the Alitis Private REIT is designed to perform, and to have less volatility than its publicly-traded counterparts.
Value Creation
There are several ways to create value in Real Estate investments. The Alitis Private REIT offers Value Creation by financing the development of multi-family residential projects with experienced project partners working in areas of high demand across Canada. These development projects have provided a base of returns to the REIT and set it apart from others in the public and private markets. Most of the projects we invest in remain in the REIT as income producing rental properties while some are divested leaving the Alitis Private REIT with excellent development returns and the capital to invest in new and diverse projects.
Alitis Private REIT Real Estate Projects
Name: The Onyx
Location: Winnipeg, MB
Type: 282 Unit Apartment Development
Status: Rent Up
Start Date: February 2018
Completed: September 2020
Realized Development IRR: 13.6%
Developer: Ironclad Developments
Name: Belmont Landing
Location: Colwood, BC
Type: 48 Unit Apartment Development
Status: Rent Up
Start Date: November 2017
Estimated Completion: October 2020
Projected Development IRR: 18.9%
Developer: Stride Properties
Name: Eagleson
Location: Kanata, ON
Type: 143 Unit Apartment Development
Status: Under Construction
Start Date: May 2019
Estimated Completion: April 2021
Projected Development IRR: 18.8%
Developer: Ironclad Developments
Name: Elliott
Location: Kelowna, BC
Type: 193 Unit Apartment Development
Status: Under Construction
Start Date: July 2019
Estimated Completion: March 2021
Projected Development IRR: 22.9%
Developer: Ironclad Developments
Name: Ducklow
Location: Coquitlam, BC
Type: 69 Townhome Development
Status: Rezoning
Start Date: March 2016
Estimated Completion: December 2022
Projected Development IRR: 10.0%
Developer: Anthem Properties