Evest Funds’ first two information sessions for a new Kelowna development were a smashing success, so they’re going to have another one later this month!
The Vancouver company is working on a project in the city’s Clifton Road neighbourhood called “Promontory.” It is located on the southeast slope of Knox Mountain, just five minutes from downtown. It is an exciting investment opportunity in a 120-unit townhome development at the corner of Highpointe and Boynton.
“We’re tracking great success,” Evest Funds founder and CEO Robert Fraser says. “A lot of people are subscribing, entering as a limited partner, but it is a large project, so we’ll probably be taking reservations for another two or three months.”
The minimum investment is $25,000, and being a limited partner gives the investor a five per cent discount as well as first choice on the best units should they decide to purchase one.
*“The project takes place over 24 months, and the projected return is at or over 29* per cent,” Fraser says. “It’s based on our strategy of acquiring land at a very favourable price at the right time and then turning it around, subdividing and then building a community.
“… So basically you’ve generated the return from $25,000—let’s say 29* or 30 per cent—plus you’re given the five per cent discount. This pretty much brings you to a down payment for a unit. It’s a nice way to offer the general public an opportunity to become an investor and property owner.”
Fraser is Promontory’s General Partner, and he has been responsible for numerous projects across B.C., from resorts to townhouses to single-family dwellings.
Fraser reports there is a large number of investors from Vancouver and Alberta, and that the project is expected to attract future retirees, young families and post-secondary students. The project is affordably priced and well located, which creates an excellent opportunity for everyone to make business as well as buy a home.
The next Promontory project presentation will be held in Kelowna at Coast Capri Hotel on July 25 at 7 p.m. We look forward to hosting and sharing this exciting opportunity with you. To sign up for the presentation or to get more information, please click below:
Discover Promontory, a unique investment opportunity in coveted Kelowna!
If you can’t attend the project presentation, visit the website at www.investinkelowna.com.
*This disclosure contains forward-looking information is not complete and that complete forward-looking information is included in the Issuer’s current offering memorandum. The forward-looking information is management’s projections based on project planning and analysis using industry accepted assumptions and analysis techniques for the real estate market in Kelowna and the project area in particular. While management believes its assumptions and analysis are valid and reasonable, actual results may vary from the forward-looking information and there are a number of inherent risk factors, such as variability in real estate pricing, prices for construction materials, and government policy that could have a negative impact on the Issuer and could cause actual results to differ materially from the forward-looking information. The Issuers undertake no responsibility to update their forward-looking information. This is not a public offering or solicitation of securities and is for informational purposes only. The reader is directed to the Issuer’s current offering memorandum for a more full consideration of the risks, assumptions and forward-looking information, and should first consult with a qualified licensed investment advisor prior to considering any investment.
This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Okanagan Edge.
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