TSX:MPCT.DB - Post by User
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InvestSmarteron Sep 17, 2024 11:05pm
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Post# 36228362
Harlo Capital New Trust Formation. Scarborough Junction
Harlo Capital New Trust Formation. Scarborough JunctionHarlo Capital has created a new trust, to take on development projects. Speculation, but its possible this trust will purchase the equity from MPCT in its Scarborough Junction Development, then develop the property. Harlo already has an interest in this development. MPCT's investment in this development has always been passive and to sell it. Cooper mentioned a few times in the last earnings calls that this project will be sold now that it is rezoned. This is a significant project and will be a surprise windfall for MPCT when it gets sold. This is NOT adjusted in MPCTs NAV and will surprise everyone when it does get sold.
New, as of
August 20th https://harlocapital.com/news/
Introducing the Harlo Diversified Canadian Real Estate Trust
We are excited to announce the launch of the Harlo Diversified Canadian Real Estate Trust, which provides investors with access to high quality, difficult to acquire investments across the real estate spectrum with a targeted 5% annual yield and a 12% - 15% internal rate of return.
The Harlo Diversified Canadian Real Estate Trust (the “Trust”) is pleased to present an opportunity to purchase units of the Trust, a new open-end investment trust established to provide investors with exposure to a diversified portfolio of Canadian real estate assets and investments. The Harlo Diversified Canadian Real Estate Trust (the “Trust”) is pleased to present an opportunity to purchase units of the Trust, a new open-end investment trust established to provide investors with exposure to a diversified portfolio of Canadian real estate assets and investments.