MillionInvestPlus Real Estate Investment Trust (IP REIT) is a private Real Estate Investment Trust based in Calgary, Alberta. The Trust provides an opportunity to invest in a diversified portfolio of multi-unit residential apartment and commercial buildings in western Canada.
Issuer: InvestPlus Real Estate Investment Trust Mutual Fund Trust
Fund Structure: Class A, Class F and Class I Trust units of the issuer
Securities Offered: $10,000,000
Minimum Investment: $25,000.00
Use of Proceeds: The Trust will use the net proceeds from the Offering to fund the acquisition of additional multi-family residential assets and commercial real estate assets.
Offering Basis: The Trust Units are offered on a private placement basis by way of the Offering Memorandum
Eligibility: Eligible for RRSP, RESP, RRIF, LIRA, TFSA etc.
Distributions: Quarterly cash distributions
Management Fees: Acquisition fee: 0.3000%, Administrator fee up to:1.000%
DRIP: The Distribution Reinvestment plan is available for all Classes of units. Participants will receive a 3% bonus of declared distributions
Liquidity: Quarterly Redemptions available