Deal done NORTHVIEW CANADIAN HIGH YIELD RESIDENTIAL FUND (the “Fund”)
Maximum: $430,000,000 of Class A Units and/or Class F Units
This Prospectus qualifies the distribution (the “Offering”) of up to $430,000,000 of class A trust units (the “Class A Units”) and/or class F trust units (the “Class F Units”, and collectively with the Class A Units, the “Offered Units”) of Northview Canadian High Yield Residential Fund (the “Fund”), a newly created “closed-end fund” established pursuant to a declaration of trust under the laws of the Province of Ontario at a price of $12.50 per Offered Unit (the “Offering Price”).
The Fund has been formed to acquire, own and operate, through an Ontario limited partnership, a geographically diversified portfolio (the “Initial Portfolio”) comprising income-producing multi-residential suites, commercial real estate and execusuites located primarily in secondary markets within British Columbia, Alberta, Saskatchewan, Qubec, New Brunswick, Newfoundland and Labrador, the Northwest Territories and Nunavut (the “Secondary Markets”). The Initial Portfolio is currently owned and operated by Northview Apartment Real Estate Investment Trust (“NV1”). See “Description of the Activities of the Fund – The Initial Portfolio” and “Retained Interest – The Proposed Transaction”.
The Fund’s investment objectives are to: (a) indirectly acquire, own and operate a high quality, geographically diversified real estate portfolio exhibiting attractive Capitalization Rates (as defined herein) and a significant component of government and credit-rated commercial tenants comprising income-producing multi-residential suites, commercial real estate and execusuites, that can achieve stable operating income or increases in operating income as a result of an active asset management strategy and located in the Secondary Markets; (b) make stable monthly cash distributions; and (