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GenCap Equity # 11
 

GenCap Equity # 11

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GenCap Equities Development Real Estate Investment Opportunity in Airdrie Alberta

GenCap Equities Development Real Estate Investment Opportunity in Airdrie Alberta

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    GenCap Equity # 11 GenCap Equity # 11 Presentation Transcript

    • 1
      Introducing:GenCap Equity #11Water Crest in Bayside Airdrie
      Build wealth from the ground up
    • 2
      About GenCap Equity Inc
      Former Equity Investment Division (EI) of Genesis Land Development Corp.
      16 year history of real estate investments
      Principles Genesis Experience
      - working with more than 3000 investors to date
      -Total Fund Raised 95 M last 5 years
      -5 LP projects in last 4 years
    • 3
      GenCap Added Value
      All Investments based on
      The GenCap Model “Added Value Concept”
      Raw land to rezoned or
      Building on developed land
      Always adding value to investor’s land
      Genesis Land Development iscontracted to consult on our projects
    • Added Value Concept at Work
      4
      Raw land purchased by investors and rezoned
      • $45,000/ acre in 2003
      • $69,000/ acre in 2006
      • 51% profit / 3 yrs
      • Rezoned Agric to Comm.
    • Added Value Concept at Work
      5
      Raw land purchased by investors and rezoned
      • $30,000 /ac in 2005
      • $50,000 / acre appraisal - Mar. 2007.
      • East Freeway now complete
      • commercial/industrial corridor designated by county
    • Added Value Concept at Work
      6
      Building on Developed land
      • Land Purchased late 2006
      • Return for investor by end of 2008 Equalled 27%
      • Average return of 11.7% /ann.
      Tara Lake Junction
    • 7
      Added Value Concept at Work
      Raw land purchased by investors and rezoned
      • Sold out 2008 - 2 years almost 24%
      • in 2010 moved to JV with Genesis for profit sharing of recreational lots and condos.
    • 8
      Added Value Concept at Work
      Raw land purchased by investors and rezoned
      • 44 M sold.  
      • Long term rezoning project.
      • 5-7 years.
    • 9
      Genesis Past Project Summary
      91.15 M
      Raised in 4 Years
    • 10
      Genesis Land
      Genesis Land Development Corp.
    • 11
      Genesis Divisions
      The Builders Group
      Move-up homes
      Entry level homes
      Estate homes
    • 12
      Genesis Divisions
      Multi-family
      Commercial division
    • 13
      Commercial Division
      Sage Hill Crossing
      117 acres of mixed use
      1.2 million sq ft of commercial retail
      950,000 sq ft of office commercial office
      4,400 Multi-Family Units
      Transit Hub
    • 14
      The Alberta Economy
      Taking advantage of a stronger economy
    • 15
      Alberta/Calgary Advantages
      Oil Capital – 90% Canadian Oil Company HO
      Second Largest Head Office Center in Canada
      Calgary Metro Population Approx. 1.4 Million
      Distribution Hub for Western Canada
      Movie Industry and Tourism: Banff, Jasper
      Alberta Wheat – Major Global Producer
      Alberta Beef – World Famous 40% of Canadian
      High Tech – Oil & Gas IT, Over 2600 Companies
      Major Oil Pipelines to West Coast and U. S.
      No PST tax
    • 16
      The Ideal Investment
      What should we look for?
    • 17
      What should investors look for?
      Security
      • Hard assets … Land
      • Developed Land
      No speculation on value
      Liquidity
      • In a “Growing Community”
    • 18
      What should investors look for?
      2. Fixed Return
      • Turbulent economy provides no guarantees in the stock market and in mutual funds
      • 20010 and 2011 will provide uncertain returns
      • Fixed return provides stability in a portfolio
    • 19
      What should investors look for?
      3. Tax Savings
      • Capital Gains… ½ of net capital gain taxable
      • Capital Loss offsets a Capital Gain
      • Loss carried forward Indefinitely
      “A Capital Loss cannot be applied
      toward income. It can only offseta Capital Gain”
    • 20
      An Ideal Investment provides:
      GenCap Equity # 11 Provides all 3
      Security through Direct Ownership of Serviced Land
      Fixed Return
      Capital Gains
    • 21
      Introducing GenCap Equity # 11
      In Bayside, Airdrie
    • 22
      The City of Airdrie - Location
      On the Calgary – Edmonton Corridor CANAMEX Highway with 6000 vehicles /day
      Minutes from Trans-Canada Highway
      15 Minutes to Airport,
      Under 30 min delivery time to down town Calgary
      24 hour delivery time to major world markets
      Airdrie
    • 23
      The City of Airdrie – Land Supply
      6 Business Parks
      4 New Business Parks ready for development
      Gateway Commerce Centre
      Highland Business Park
      Kingsview Business Park
      Sierra Springs Industrial/Commercial
      GenCap
      Equity # 11
    • 24
      The City of Airdrie
      Growth, Pop & Stats
      • Population 38,091 in 2009
      • Fastest growing City in Alberta
      • 8.6% Ave. ann. Growth over past 5 years
      • 80% of residents under the age of 50
      • The median family income is $83,271
      • Vacancy Rate, 4.3%, Aug 2009
      • Vac. Rate, 0%, Affordable Rent, Aug 09
    • 25
      GenCap Equity #11 Joint Venture
      Overview
      Investors own a serviced Multifamily Lot
      Enter into a joint venture with builder
      Share in profits with the builder.
      50 % to Builder / 50% to GenCap Equity # 11.
    • 26
      2005 Best New Community
    • 27
    • 28
      Bayside in Airdrie
      Nose Creek Elementary School
      N
      Water Crest
      The Breeze
      Shopping Ctr.
      Sam Award Finalist
      Best New Community
      Yankee Valley Blvd
    • 29
      Bayside – Lakefront Commercial
      Airdrie, AB
      Land use approved.
      5.5 ac. neighbourhood retail
      Attractive maritime theme
      Targeted tenant mix
      Financial institutions
      Drug store
      Coffee shops
      Medical Office
      Pubs / Restaurants
      Specialized stores
      Water front boardwalk
      Fall 2010 projected opening
    • 30
      Multifamily Project
      8 Acre Multifamily Lot
      Approved for 207 Condo Apt. Units
      Flexible unit mix to maximize investor returns
      Underground Parking
      Recreation Area
      Canal & Mountain Views
      Quiet Location
      Entrance Facing the Canals
      Multi Buildings Design
      Easy Access to All Major Amenities
      2 Minutes to Lakefront Shopping
      Affordably Priced
    • 31
      Water Crest Concept
      4.8 Acre Lot
      36 Town Homes, 89 Condos
      Under Ground Parking
      The Breeze
    • 32
      Similar Development
    • 33
      GenCap Equity # 11
      Building On Success
    • 34
      Genesis Place - Airdrie
      • Genesis Place Wellness & Sports
      • $2 Mil contributed By Genesis
      • Close Relationship With City of Airdrie
    • 35
      Airdrie
      Int’l
      Airport
      East Freeway
      Cross Iron Mills
      Cross Iron Mills
      • 1 million sq. ft shopping centre
      • Racetrack / Recreation
      • Industrial Park
      • 3500 New Jobs
      • 1500 More
    • 36
      Steady Employment Growth
      Airdrie
      Balzac
      N
      Cross Iron Mills
    • 37
      Close to Calgary
      Calgary
      StoneGate
      S
      Cross Iron Mills
      Race Track
    • 38
      StoneGate Announcement
      • StoneGate Landing (Dev. By WAM Development and AIMCo.)
      • Massive $3 Billion mixed-use Retail, Office , Hotel, and Industrial Development
      • Biggest in City’s History
      • 1100 acres Commercial in Total
      • 1.5 mil. sq. ft. Retail
      • 2 mil. sq ft. Office
      • 10 mil. sq ft. Industrial Park
      • Approx 20,000 people will be employed in StoneGate Landing
      • Only 8 minutes to Water Crest
      WaterCrest
    • 39
      Employment Opportunities
      Airdrie is a Growing Community
      CrossIron Mills
      5000 new jobs
      CrossIron Mills
      StoneGate Landing
      20,000 new jobs
      Gateway Commerce Centre
      Gateway Commerce Centre
      500+ new jobs *
      *1 of several new industrial parks in
      the Airdrie area
    • 40
      Calgary Ring Road
      Stoney Trail Expansion Project
      Access from the north end to east and west sides of the city completed Fall of 2009
    • 41
      Location LocationLocation
      • 1 Min to Lakefront ctr
      • 2 Min to Airdrie Mall
      • 3 Min to HWY 2
      • 5 Min to Cross Iron Mills
      • 7 Min to Stoney Trail
      • 8 Min to StoneGate
      • 12 Min to Sage Hill Crossing
      • 15 Min to Airport
      • 25 Min to Downtown Calgary
      School
      Water Crest
      Lakefront Shopping Ctr.
    • 42
      GenCap Equity #11 Investment Summary
      Offering Memorandum (OM)
      9.2 Million Fund Raising Project
      All Funds Trust Into Miller Thomson LLP
      Corporate Format – Share Units
    • 43
      Investment Types
      Minimum $10,000 Investment
      Cash
      RRSP, RESP, RIF, LIRA
      TFSA Tax Free Savings Account ($5000)
    • 44
      Introducing TSFA
      Any Canadian over 18 will qualify
      Eligible for $5000 contribution ‘every year’
      All profits from that $5000 are 'tax free’
      Can carry over to next year ie: ‘$10,000’ 
    • 45
      RRSP Investments
      Minimum $10,000 Investment:
      From ‘existing’ Self Direct RRSP Account
      ‘Yearly Eligible’ RRSP Contribution
      Or combination of Both Above
      Using existing Self Direct RRSP Account
      Open Self Direct RRSP with Olympia Trust, CWT
      Document & Forms available from your consultant
    • 46
      Return Summary
      8% Fixed Return Per Year
      2009 through June 30th 2011 *
      Qtr payments (4 payments/yr)
      2% per payment (Every 3 Months)
      * First 2.5 Yrs Return – Investment Dividend
      In the 3rd year & on – Quarterly Returns of Capital - based on sales
      Return Of Capital = No Tax
      Overall Profit Split at the end of the Project
      Profit Split = Capital Gain
      Our goal is to provide above average return
    • 47
      Return Summary
      GenCap Equity #11 Annual Return
      GenCap 11 Project
      Start
      Principal Rtn. Completed
      GenCap 11
      Close
      Construction & Sales Completed
      1st Year
      3rd Year
      2nd Year
      2009
      2010
      2011
      Accounting Time
      3 Mos
      3 Mos
      3 Mos
      3 Mos
      3 Mos
      3 Mos
      3 Mos
      3 Mos
      Investment Amt. Rtn.
      3 Mos
      Investment Amt. Rtn.
      3 Mos
      2%
      2%
      2%
      2%
      2%
      2%
      Principal Return
      2%
      2%
      TIME
      (Month)
      8%
      8%
      Capital Gain
      Rest of Profits Split
      Dividend - Investment Return
      EST. 1.5 Years More
    • 48
      Project Summary
    • 49
      GenCap Strategies for Success
      Better Strategies for Development in a Challenging Economy
      More Time for the Sale of Product
      Longer sales cycle for condos allows for flexibility and a more realistic
      timeline for project completion in the current economic conditions
      Concessions to Help and Encourage Builders
      Builder will not be required to purchase or finance the multifamily lot
      or carry costs other than their cost to market and build condos and town homes.
    • 50
      GenCap Investment Features
      Direct Ownership of Assets
      • GenCap Equity # 11 owns the land, investors own preferred shares in GenCap Equity # 11
      Fixed Rate of Return
      • 8% annually, 2% quarterly until Jun 30th 2011
      Return of Capital after 2nd Year
      • Early return can be reinvested while still earning here
      Capital gain on after 2nd Year
      • 50% taxable / Offset a capital loss
      Realistic Construction Timelines
      • Flexibility allows for changes in market conditions
      History of Success
      • Principles have a 17 yr. History of successful investment offerings“Every subscriber”, in the last 17 years, has increased their wealth
    • 51
      Questions & Discussion
      Thank You!
      www.gencap.ca