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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 24, 2024 8:30pm
74 Views
Post# 36328323

RE:RE:RE:Action this week

RE:RE:RE:Action this weekThey are rezoning it, and over the long term will rebuild. Right now their goal is to get the zoning, so they can get a better mortgage. Dream Unlimited gave them a loan on the property to buy it from MPCT, so they will want zoning done so they can get a better mortgage rate from a bank.

Arkfield paid a good price for the property, due to this density. This is why Dream unlimited had to loan them the money to buy it as the banks dont lend until zoning is approved. MPCT did not miss out on anything here.

Here is the article regarding it being a long term plan to eventually build.

https://renx.ca/arkfield-strategies-acquire-10-lower-spadina-office-toronto


DJ441c wrote: I note   the company that  purchased 10 Lower spadina   is putting a 49 story residential property on the iste      why didn't Impact do that  and will this be compettition for  our developments?


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