FAQ’s
Parkhurst Asset Corp. is the Edmonton, Alberta-based manager of a privately held Real Estate Investment Trust (REIT) that focuses on sourcing, acquiring, improving, and holding income-producing real estate on behalf of its Investment Partners. Parkhurst consists of its principal managers, a team of top tax, legal and accounting partners, and a wide network of Canadian and US investors who have come together to purchase larger scale, income-producing real estate assets.
$10,000
We provide quarterly reports detailing Unit Values, Distributions, and other important information as well as regular progress/operational updates via email.
You can request a portion or all of your investment at any time, however, a withdrawal within your first 3 years will be subject to a 10% discount on the most current Unit price. Please see ‘Retraction Rights’ in our Offering Memorandum.
DRIP is short for Distribution Re-Investment Plan. You can choose to automatically reinvest cash distributions from the REIT into additional REIT Unit Shares at the current price. You’ll also receive a 3% bonus on the newly invested amount ($100 would be $103). You may opt in or out of this plan at any time.
None. Management does not take an up-front equity stake in the REIT properties. See our Offering Memorandum for a full description of fees.
All of them: owning REIT Units provide automatic diversification and participation in all properties in the pool.
Securities legislation calls for Parkhurst REIT to be audited by a third party accounting firm annually and have its properties valued by third-party appraisal companies. A record of your investment is kept with the Securities Commission of your home province.
We research economic data provided by CREA, Statistics Canada, RBC Economics, TD Economics, as well as other trusted sources to ensure our properties have the best chance of providing a positive cash flow given an increase in interest rates. Unlike most real estate syndications, Parkhurst REIT has a maximum borrowing ratio of 75%, which protects us from over-leveraging our assets.
We hire and monitor experienced and reputable third party property management companies.
We are mandated to carry sufficient insurance at all times. In addition, we hold emergency reserve funds for each property.
Parkhurst Asset Corp. manages the REIT on behalf of investors, but does not own it. If something happens to Management, the REIT still holds the assets for your benefit.
No, though Parkhurst may offer access to such opportunities through a separate, non-REIT entity.
No. But don’t take our word for it: please review our Offering Memorandum which provides full disclosure of fees, risk factors, and operational mandates. We anticipate you will be completely satisfied with the information
