Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s):  T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).


TSX:MPCT.DB - Post by User

Comment by InvestSmarteron Nov 05, 2024 1:55pm
89 Views
Post# 36297422

RE:LIVE Now - Development Charge Waiver 2024.EX18.2

RE:LIVE Now - Development Charge Waiver 2024.EX18.2

The executive committee APPROVED the removal of development charges and reduction of property taxes for up to 7000 homes.

MPCT was waiting for this to get 49 Ontario Construction Financing completed. We will now get this approved and then we can start construction. Constuction financing is expected to be done in the very near future (4-6 weeks)

These incentives will save construction costs on 49 Ontario around $30-$40 Million. This is verified not just by the numbers, but also Mr. Cooper's own comments on the call saying it would save 5-6% of project costs. On a 700M project, that will save $35-$42M. This adds immense value to 49 Ontario and allows for quick construction on this project.

I outlined my estimates on this project below, but note Mr. Cooper stated there will be 1200 units, where I only calculated for 1100 units. So the savings will be greater than my estimates:

My Previous Estimates:
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36292877

Program Details (Now approved by executives):

https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36290006


This project is expected to be 75% sold to other partners generating around $130 Million in cash to the reit, while we will maintain a 25% investment in the project. This one partnership will pay down half of MPCT's corporate level debt. This project is expected to start construction in 2025.


Do your own DD. Do not trade MPCT as the liquidity is low. Plan to hold the shares you buy as it is not easy to get in/out of a low liquidity REIT.

Please give my research a thumbs up if appreciated.




MPCT Research Below:


Our EAI Investment Strategy and why they are worth Materially More than recorded on the balance sheet, with images and links to other research
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36297398
 
 
Scarborough Junction, The Hidden Gem
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36281186

2025 MPCT-UN Catalysts & Path To No Land Loans
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36245063
 
MPCT 2026 Forecast with Slide Presentation Images
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36266982
 
Huge Increase to NOI over the next 12 months. Details:
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36263654
 
Our Developments, with Pictures
https://stockhouse.com/companies/bullboard?symbol=t.mpct.un&postid=36235736
 
Q3 2024 Commentary (Not Official)
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36279263
 
Insider Purchase Bhalla, Amar, ($50,000) Units on September 26
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36253768
 
Links to MPCT Property Development Photos
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36224127
 
Government is doing everything in MPCTs Favor. 
https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36226580
I will add to this, No GST on new apartment builds, as well as CMHC loans are non-recourse. Dream is one of very few on CMHCs fast approval regular developer program. Plus, Toronto's new rental incentive program waiving development charges



InvestSmarter wrote: The executive meeting which should be approved by the executive team should be coming up very soon on this live meeting. You can follow here and watch the approval live here:

https://www.youtube.com/live/M0eaNuxwOt4

https://secure.toronto.ca/council/agenda-item.do?item=2024.EX18.2

https://secure.toronto.ca/council/#/committees/2468/24403

This will save MPCT 30-40M on 49 Ontario development, so its important to be approved (we can continue 49 Ontario without approval, but this is icing)



 

<< Previous
Bullboard Posts
Next >>