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What is an Accredited Investor?

FIRST THINGS FIRST, WHY ACCREDITED INVESTING?

Accredited investing opens up a whole shiny new world of investing made available to you. These include private equity, venture capital, angel investing, and hedge funding.  

WHAT IS AN ACCREDITED INVESTOR?

The accredited investor is someone who has a special status so that they can have investments that are typically more high-risk. While this definition varies from country to country, it also varies from province to province. While there’s no formal process in Ontario, legislation requires that you meet specific criteria to participate in certain investments. This simply means you’ll need to be prepared to provide documentation proving you meet the criteria.

THE CRITERIA

 According to the Ontario Securities Commission (OSC), an accredited investor means you have a:

  • Net income before taxes of more than $200,000 in each of the two most recent calendar years and expected net income of more than $200,000 in the current calendar year.
  • Net income before taxes combined with a spouse of more than $300,000 in each of the two most recent calendar years and expected combined net income of more than $300,000 in the current calendar year.
  • Financial assets, alone or with a spouse, of at least $1 million before taxes but net of related liabilities
  • Financial assets include cash and bank deposits but not the value of a house.
  • Net assets, alone or with a spouse of at least $5 million. Net assets generally include all of your assets after subtracting your debt.

Contact the OSC’s Inquiries & Contact Centre to learn more about these rules.

Are you an accredited investor?

Connect with us today.
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865 Kleinburg Dr. London

Receiver selling Applewood Marketplace development project and land in London, Ont

Steve McLean, RENX

Two adjacent development sites in London, Ont., where Phase 1 of the 584-unit residential and retail Applewood Marketplace is nearing completion, have been put on the sale block by a court-appointed receiver.

EY is handling the sale, having been appointed receiver over all the assets, undertakings and properties of Applewood Marketplace Inc.

Construction of the first phase of the north London development was about 75 per cent complete but had experienced a series of delays that added to its costs and eventually put the project into receivership.

Applewood Marketplace consists of a five-storey building with 107 rental apartments, nine rental townhouses and 15,000 square feet of ground-floor commercial space on 2.5 acres at 865 Kleinburg Dr.

However, work at the site had stopped on June 1, according to documents filed as part of the proceeding.

READ MORE >>

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Renderings for the Radio Arts building, which is set to begin construction in November at 206 King St. W. in Hamilton.

Radio Arts condo development to begin in November

This week witnessed below-average transaction volumes. However, there was a variety of noteworthy deals.

This week’s largest transaction was in Hamilton, where Guido De Brès Canadian Reformed High School Society purchased a former elementary school for $15.5 million ($175/sq. ft). That price is in line with a former school in Dundas that sold two weeks ago.

In the hospitality sector, Big Coffee Inc. purchased the former Masonic Hall in Dundas for $1.65 million ($332/sq. ft), and Radius Hospitality Corp. picked up 18-20 Hess St. S. for approximately $2.3 million ($446/sq. ft).

Also of note: local firm Effort Trust purchased 37.75 acres of vacant land in Thorold for $4.7 million ($124,000/acre).

In the news, the Radio Arts condo development will start construction in November, Hamilton saw a big drop in per capita municipal spending, and Canada will fund a rent-to-own program as part of its $2 billion housing plan.

The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
News Headlines

Plan underway to remove 206 King St W building debris, Radio Arts development to commence November
CHCH News, September 4, 2022

Hamilton sees big drop in per capita municipal spending 
The Hamilton Spectator, August 27, 2022

MLS ® Residential Market Activity for REALTORS® Association of Hamilton and Burlington Areas
August 2022

Canadian universities rushing to address student housing shortage
The Globe & Mail, August 28, 2022

Revised plan for Schneiders site in Kitchener includes 12 new buildings, 2,400 rental units
The Record, August 26, 2022

Three highrises more than 500 rental apartments proposed for South Kitchener
The Record, August 31, 2022

Labour shortage has Canada planning to pick and choose immigrants 
The Financial Post, August 31, 2022

Canada to fund rent-to-own program under $2 billion housing plan
The Financial Post, August 30, 2022
in Editorial, Weekly Market Report Newsletter Posted by wpengine
Canadian CRE transaction value

Canadian CRE transaction value hit $23.8B in Q1

Commercial real estate investment in Canada is experiencing a major resurgence in confidence, with an Altus Group report chronicling $23.8 billion in Q1 transaction activity.

The real estate analytics and research company said that figure, transacted across all major asset classes in Canada during Q1 2022, is a 52% hike from Q1 2021. Deal volume was up across all major asset classes with the exception of hotel transactions.

Just over 3,250 transactions were completed in the first quarter of 2022, a 25% increase compared with the same period of 2021.

READ MORE >>

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Aeon Studio Group, TAS and Forge & Foster aim to turn 14 acres of barren land at Tiffany and Barton into a film production hub.

Alex Manojlovich’s Weekly Market Report: Exodus of Toronto suburbs driving Hamilton growth

This week witnessed a great volume of deals, even by month-end standards.

This week’s big winner was residential land, plus it’s good to see the office and retail assets continuing to trade at pre-pandemic levels.

Hamilton‘s largest transaction was near the airport for an unaddressed piece of land on the corner of Upper James St. and Twenty Rd. The commercially zoned 61.63 acres sold for $13.6 million ($220,000/acre).

The area’s largest transaction was in Brantford, where 110 acres sold to Primont Homes for $46 million ($414,000/acre). This purchase price suggests further land entitlement may be required. Also of note, Concert Properties purchased two plots of land in Kitchener for prices suggesting high-density development.

In the news: Torontonians are flocking to Hamilton, Council debates affordability for Hamilton’s future film district, and CBRE’s 2022 Q2 Industrial and Office figures are released.

The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
Sign up for Alex Manojlovich’s Weekly Market Reports and receive valuable local commercial real estate market research in your inbox each Tuesday.

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News Headlines

Exodus of Toronto suburbs driving Hamilton growth
The Hamilton Spectator, July 7, 2022

Council debates affordability for Hamilton’s future film district
The Hamilton Spectator, July 5, 2022

MLS® Residential Market Activity for RAHB Areas
Realtors Association of Hamilton-Burlington, June 2022

Three 31-storey condo towers planned for downtown Hamilton parking lot
The Hamilton Spectator, July 4, 2022

Affordable housing projects in jeopardy, non-profits say
The Hamilton Spectator, July 6, 2022

City council approves Hamilton 100 agreement
The Hamilton Spectator, July 4, 2022

Hamilton Main St to be reduced from 5 to 4 lanes
The Hamilton Spectator, July 6, 2022

Tale of two markets: industrial space almost non-existent in KW, while downtown office vacancies among highest in Canada
The Record, July 6, 2022

Canadian Industrial Figures: Continued industrial demand sees heightening rental rate growth
CBRE, Q2 2022

Canadian Office Figures: Office market steadying, with Vancouver and suburban markets leading the recovery
CBRE, Q2 2022

Critics demand less talk, more action on zoning plan to tackle Toronto’s housing crisis
CBC News, July 1, 2022

Labour shortages leading to cancelled projects in superheated construction sector
The Financial Post, July 7, 2022

Canada to enter moderate and short-lived recession in 2023 warns RBC
The Globe & Mail, July 7, 2022

Sweating it out at a high-end gym attracts workers back to the office
The Globe & Mail, July 5, 2022
in Editorial, Weekly Market Report Newsletter Posted by wpengine
Finneo founder and CEO Amar Nijjar (right) with Scott Chandler, senior managing director of Marcus and Millichap (left) and Jay Hennick, chairman of Colliers International

Finneo accelerates CRE financing sector’s move into digital age

Finneo founder Amar Nijjar says his firm is helping to take the commercial real estate financing industry out of the Excel spreadsheet era and into the modern era with its debt and transaction management software.

During the last two years, Finneo has facilitated more than $2 billion in financing for over 250 projects, 80 per cent of which are in Canada and the rest in the U.S., says Nijjar, the company’s CEO. Most of its financing deals are between $5 to $25 million.

“I saw that there were no real tools for me personally, from the companies that I was working with,” says Nijjar. “Technology has solved problems in other industries and I thought I could do the same for real estate.”

Prior to launching Finneo, Nijjar worked at CIBC, BMO and Royal Bank in real estate investment banking and corporate finance and started JLL’s Canadian debt capital markets business. He also founded R2 Companies, a Canadian online real estate marketplace.

Nijjar says he has worked on more than $15 billion in transactions. READ MORE >>

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Hamilton airport attracts flurry of industrial sales, development

Hamilton airport attracts flurry of industrial sales, development

Steve McLean, RENX, March 1, 2022

Pictured: A 55-acre industrial development site at 9555 Airport Rd. in Hamilton, acquired by Hopewell and Nicola Wealth. (Courtesy Hopewell)

John C. Munro Hamilton International Airport has grown to become one of Canada’s largest airports for domestic air-cargo distribution, and developers, investors and users are scooping up nearby land for logistics and fulfillment centres.

“It speaks to what’s happened with industrial lands in Southwestern Ontario as well as Hamilton more specifically,” Joe Benninger, vice-president with CBRE’s Southern Ontario investment team, told RENX. “Hamilton was a tough place to sell land three or four years ago. READ MORE >>

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CRE a hot investment sector, senior execs agree at RealCapital

CRE a hot investment sector, senior execs agree at RealCapital

STEVE MCLEAN, RENX, MARCH 3, 2022

(pictured: Adam Paul, president and CEO of First Capital REIT.)

A record amount of capital is available for commercial real estate investment, senior industry executives agreed during the closing panel at the virtual RealCapital conference on March 2.

The panelists provided insights on recent CRE performance and views on what to expect during the coming year, and the availability of capital was a central theme. READ MORE >>

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64 Hatt Street, Dundas, Ontario

With AcreageWay, Now You Can Invest In The Soaring Commercial Real Estate Market With As Little As $1,000

With AcreageWay, Now You Can Invest In The Soaring Commercial Real Estate Market With As Little As $1,000

Rising prices have locked many Canadians out of the real estate market — and the wealth gains that come with ownership.

“For too long, real estate has been behind closed doors and not accessible to everyone,” says Joe Accardi, Partner & CEO of Forge & Foster. “We want to bring real estate to all Canadians. And so does AcreageWay. Their new investment portal is something that we’re really excited about.”

What is AcreageWay?

AcreageWay is a new Ontario-based commercial real estate investment startup. It lets investors like you enter the commercial real estate market with as little as $1,000 and earn income from your investment.

“Commercial real estate requires a huge amount of upfront cash to gain entry, and that ranges from $500,000 to $1 million-plus, so a common investor who doesn’t have that much cash won’t be able to enter these opportunities,” AcreageWay president Aditya Koparde told the Globe and Mail. “Where we come into the picture is we’re fractionalizing these opportunities so they can invest.”

“For too long, real estate has been behind closed doors and not accessible to everyone.”

— Joe Accardi, Partner & CEO of Forge & Foster. 

AcreageWay lets you click to buy a percentage of a commercial property by investing in an equity portion of the property ownership.

AcreageWay provides a secure and regulated platform for you to buy fractional real estate in the form of tokens. All the transactions are documented and stored digitally through Blockchain technology.

What Are AcreageWay’s Main Benefits?

  • Investors do not need to get a mortgage
  • Investors do not need to pay a huge down payment
  • None of the pain of managing a property or being a landlord
  • No closing costs
  • You’ll get a share of rent and gains on the property when it’s sold
  • AcreageWay provides you with ongoing oversight and support
  • Every investment property undergoes a detailed due diligence process

AcreageWay is licensed by the Ontario Security Commission, which requires the company to put prospective investors through full due diligence to ascertain their risk threshold to determine their suitability for certain projects.

Why Invest In Commercial Real Estate in Hamilton?

“Hamilton is a high-speed, exciting, electric city that is primed to have an amazing decade,” says Accardi, whose Hamilton firm is committed to delivering optimal returns to investors by artfully restoring local real estate.

Properties like 64 Hatt St., which you can invest in on AcreageWay, offer tremendous upside potential through redevelopment.

64 Hatt Street, Dundas, Ontario
64 Hatt St. in the Hamilton community of Dundas.

The Millworks at 64 Hatt St. was founded in 1850. It’s an easy two-minute walk away from the historic and beautiful downtown Dundas community in Hamilton. All units boast brick & beam construction, large windows, and open-concept designs.

This historic brick & beam building has excellent accessibility with a Walkers Paradise Walk Score of 90. The property is professionally managed by Forge & Foster. With onsite parking and access to a back patio on the beautiful Spencer Creek, 64 Hatt St. is sure to attract AAA tenants.

HERE’S HOW TO LEARN MORE ABOUT ACREAGEWAY

It’s quick and easy for you to create an account at AcreageWay. So start your investment journey today. Visit acreageway.com/signup to create an account and invest in AcreageWay’s investment opportunities now.

start your investment journey today
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Forge & Foster Brings an Exciting Development to Canada’s Prettiest Town

Forge & Foster Brings an Exciting Development to Canada’s Prettiest Town

April 22, 2021

Paris, ON – Forge & Foster Investment Management

Hamilton-based Forge & Foster Investment Management is launching an exciting new development in “Canada’s prettiest town,” The Walker Press located in Paris, Ontario.

With an eye for identifying properties with distinct character and a unique history, Forge & Foster acquired the exquisite Walker Press building in 2020.

The Walker Press will be restored into a multi-use, commercial facility that will richly contribute to the growing community of culinary and craft-goods experiences in experience in Paris.

Located on 3 Yeo Street, with the oldest portion of the structure – the Maxwell wing – built in 1872, The Walker Press (est. 1910) moved into the Penman Wing in 1915.

Expanding into the Maxwell wing in 1920, connecting the two buildings in the process, they operated for over 60 years, printing everything from gift coupons to royal portraits.

With its proximity to the historic downtown district of Paris, surrounded by thriving densification projects, and rooted in a destination that is only a short drive from the urban centres of Toronto, Hamilton, Kitchener-Waterloo and Cambridge, The Walker Press is the perfect location for multiple emerging businesses ranging from culinary and retail, to office and light-industrial.

“Paris is a beautifully historic town and an incredible destination, we are thrilled to play a role in reviving this property and writing its next chapter,”

said Ben Ames, Partner and CIO.

“The Walker Press will be an idyllic and innovative setting for a new generation of Paris-based businesses. A perfect setting for emerging industries and employment opportunities in ‘Canada’s prettiest town,’”

said Joe Accardi, Partner and CEO.

Forge & Foster greatly acknowledges and thanks The Paris Museum & Historical Society for all their support in understanding the background of The Walker Press.

About Forge & Foster Investment Management

Forge & Foster is an investment and asset management firm, committed to delivering optimal returns for its investors and partners through inventively restoring and growing communities across southern Ontario.

This is done through unique property-asset investment, development, relationship and business support initiatives, including revisioning spaces, capitalizing on emerging markets and models, and forecasting future trends and opportunities.

Forge & Foster are the masterminds behind projects like the restoration of 1 West Ave. and The Ironwood, two of Hamilton’s premiere, artfully restored, vintage office buildings.

Current initiatives include leading developments in Hamilton’s up-and-coming Innovation District, cultural live-work spaces in the urban centres of each Hamilton, Brantford, and Cambridge, film industry spaces in Hamilton’s Hollywood North corridor, and tiny-homes projects in the beautiful, up-and-coming Goderich/Bluewater region.

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