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Investment opportunities

Econo-Malls currently has a Limited Partnership Investment Program where Econo-Malls acts as the General Partner, as well as a significant limited partner in the limited partnership.  There are six properties to date which have been successfully acquired as limited partnerships. Econo-Malls is targeting to acquire at least another two to three properties per year as well as having a bond program yielding 8.5% per year over 5 years and a soon-to-be annual 20 million dollar opportunity fund.

Recent acquisitions with this limited partnership investment program include:

  • North Sydney Mall, a community shopping mall in North Sydney, Nova Scotia, in 2003;
  • Les Galeries Charlesbourg (acquired from Ivanhoe Cambridge) in Quebec City, Quebec, in December 2004;
  • Riverview Gardens, a 98-unit apartment building in Ville Lasalle, Quebec, in 2006; and
  • A portfolio of eight small and medium size commercial properties throughout Quebec in 2007.

    Each property purchased by way of a limited partnership will accept a maximum of 50 investors each of whom must qualify as "sophisticated investors."

    Should you require any additional information, please contact Robert Wiseman (robert@econo-malls.com) at Econo-Malls Management Corporation.  As well, any parties who currently own property and who would consider selling all or a portion of their interest in the property should contact Howard Wiseman (howard@econo-malls.com).