INVESTMENT RESULTS
| PROJECT |
PROJECT COST |
SALE PRICE |
Arbutus Gardens Apartment
(installed energy efficient heating sytem and ongoing enhancement of suites) |
$3,850,000 |
*$5,000,000 |
Linden Ave Apartment
(apartment was remodeled and sold) |
$1,660,000 |
$2,129,000 |
Penticton Plaza Shopping Centre
(has been re tenanted and remodeled to create value) |
$6,665,000 |
*$10,975,000 |
Sechelt waterfront Land
(master planned and then sold) |
$2,700,000 |
$4,968,000 |
Vancouver metro Residential Subdivision, 148th Street
(assembled, developed and sold) |
$2,067,000 |
$4,550,000 |
Vancouver metro Residential Subdivision, 34A Ave
(assembled, developed and sold) |
$3,335,000 |
$4,367,000 |
| Vancouver metro Industrial/ Residential Subdivision, 53A Ave (assembled, developed and sold) |
$5,522,000 |
$7,847,000 |
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| TOTAL |
$25,799,000 |
$39,836,000 |
*Arbutus Gardens is being held as an income producing asset.
*Penticton Plaza is being held as an income producing asset, it was appraised in August, 2008.
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