After multiple successful real estate funds exclusive to institutional investors and pension plans, Crown is launching its first fund in partnership with a leading investment management firm.
Crown Realty Income Fund Plus (“CRIF Plus”) or (the “Fund”) will be an open-ended fund investing in stable Canadian real estate assets, targeting steady risk-adjusted returns, together with capital appreciation over time. The Fund will focus on assets in Canadian markets with superior tenant profiles, strong demographic and economic fundamentals.
The Fund’s objective is to develop a mix of investments that are projected initially to generate a 5.0-6.0% annual cash return, paid quarterly. Combined with growth in net asset value, the Fund is targeting long term overall returns in the range of 8.0-10.0%.
Taxable investors will enjoy significant tax deferral as a result of the depreciation recognized for the underlying real estate assets.
