RE:RE:RE:RE:RE:RE:InvestSmarter Keeps Pumping this Risky StockI do not know the number, but we got some hints.
Calculation 1) Cooper mentioned most if not all of the Zibi Development land loan will be paid off with the land sale and the two apartment starts.
Each apartment will wipe off around 15M of land loans, so 30M total.
There is a 100M land loan on Zibi development in total.
So Zibi Capital View Lands will likely get 60-70M.
Calculation 2) There is 1 Million Buildable square feet. Valuation at $60/ft that's 60M. 70M = $70/ft. Both price ranges seem reasonable supporting the statement that the land loan will be paid off.
With the Ottawa Senators coming within walking distance, the value of these lands are greatly increased. None of which is in MPCTs trading valuation today (among many).
Note, this sale should also realize a NAV increase on the books as well, as the NAV of most our EAI assets are not adjusted until completion milestones are made or sold.
EstevanOutsider wrote: Any idea how much they can raise from their Capital View Lands in Ottawa?
I find that opportunity exciting as well, along with 49 Ontario Partnerships....
Dream Impact has a number of near-term catalysts potentially.
I should probably add more...
InvestSmarter wrote: Happy to see you here.
Yes, the liquidity is hard on this one. So buying only what you can hold long term and not trade is important.
Cooper knows everyone that matters. He is good at getting deals done and supporting MPCT, which is very important as we partner up on 49 Ontario. We have made great partnerships with some of the biggest and best: Great Gulf, Kilmer, Westdale, Tricon, Harlow, etc.
He mentioned on the call to get a deal done for MPCT, DRM helped a buyer of one of MPCTs properties by offering the buyer a loan. The reason being the property had a low CAP rate due to density and redevelopment potential so banks are reluctant to provide the full value on such a property.
Looking forward to big Catalysts of 49 Ontario Partnership, and Scarborough Junction sale (Current partners with Harlo Capital and Republic).
EstevanOutsider wrote: picked up 5000 units this morning. tough to buy stock. i was buyin in lots of 100 and not all of them would be fully filled. will prob buy more when my other stuff goes up. found the call really encouraging. impact has a number of catalysts that could be swift movers to the unit price.
cooper is a stud when it comes to getting joint ventures done and he has some very desireable properties in that portfolio....