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Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  MDPCF | T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Post by undervalueon Jan 12, 2022 3:43pm
181 Views
Post# 34309911

Silverdale continued

Silverdale continuedArcher Green will be launching due to demand another phase in the upcoming weeks.
The detached home sites upslope should be coming on as well. (65 lots)
From the Dec. 22 council meeting, the Central neighbourhood planning continues with more public meetings coming in the next 2 months.
Why Is this noteworthy? The summary below has the numer of units from this phase at over 10,000 doors. If they clear 100k a door, it is over a billion. 500 million to MPC.
My guess on Archer Green is much higher per door. With closings happening in Q4, we might see some better JV data.

Please see below for a summary of housing and mix data: Housing Type Units Percentage Single Family 1809 18% Townhouse 5326 53% Apartment 2914 29% Total 10050 100% Single family consists of Rural, Estate, and Urban; Townhouse consist of strata townhouse, fee simple row-homes, and/or ground oriented developments; and Apartment consists of strata apartments and Mixed-Use developments.  
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