Investments

Carttera manages focused real estate investment strategies through pooled fund vehicles and segregated mandates. Currently active strategies are all development and re-development based.

URBAN INTENSIFICATION FUND 4

UIF4 is a closed-end private equity fund currently investing in the GTA and Montreal markets with specific focus on the Greater Toronto area. Targets include, office, flex office, mixed-use, industrial, retail and condominium development and redevelopment.

  • $156 million equity

 

URBAN INTENSIFICATION FUND 3

UIF 3 is a closed-end private equity fund, which is fully invested in the GTA and Montreal markets. Investments include condominium development, together with office, flex office, mixed-use, industrial and retail infill development and redevelopment.

  • $160 million equity
URBAN INTENSIFICATION FUND 2

UIF 2 is a closed-end private equity fund, which is fully invested in the GTA and Montreal markets. Investments include condominium development, together with office, flex office, mixed-use, industrial and retail infill development and redevelopment.

  • $170 million equity 
URBAN INTENSIFICATION FUND 1

UIF 1 is a closed-end private equity fund which invested in urban sites offering development or repositioning opportunities. Its investment strategy targeted a mix of condominium, office, industrial and retail development and re-development projects in major urban centres, with a focus on eastern Canada.

  • $80 million equity

 

CARTTERA INDUSTRIAL FUND LP

CIF is a closed-end private equity fund focused on industrial development at two major sites in the GTA. The management directive is to develop, lease and/or sell the assets to maximize investor returns.

  • $80 million equity

 

1919 MINNESOTA COURT, MISSISSAUGA, ON

As a segregated mandate, 1919 Minnesota Court in Mississauga was conceived, developed and leased on behalf of a Canadian pension fund client.

  • 125,000 square foot, five storey, LEED silver office building
  • Canadian Headquarters of DuPont Canada
  • Recognized as 2012 NAIOP REX Awards Office Development of the Year
INSTORAGE REIT

InStorage REIT was created as a public entity with a mandate to consolidate the Canadian self-storage market and create an industry leading national brand.

  • Initial TSXV IPO March 2006, graduated to TSX February 2008
  • Acquired 62 properties in 5 provinces
  • $450 million in assets (at cost)
  • $216.5 million equity raised in four public financings
  • Became largest owner/operator of self storage in Canada within 16 months of inception
  • Privatized by a U.S. investor in March 2009
INSCOTIA DEVELOPMENTS

InScotia Developments was formed to act as a developer of self-storage facilities across Canada as a companion entity to InStorage REIT.

  • Acquired and developed 11 properties in 3 provinces
  • $63 million in assets (at cost)
  • $12 million equity invested
  • 10 Institutional and corporate investors