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AP Capital REIT

AP REIT

AP Capital REIT is a private real estate investment trust that offers long-term investment in income producing real estate assets in Western Canada and the Western USA. AP REIT’s long term strategy is buy and hold commercial assets in the retail and office class with a management focus on maximizing occupancy, revenue and overall asset value.

In 2015, AP Capital REIT acquired two assets: Morrison Centre in Alberta, Canada and Greenway Park Plaza in Phoenix, Arizona.

A third asset was acquired in November 2016; Cobblestone Village in Tempe, Arizona.

Map view of Phoenix properties

Map View of Fort McMurray property

The investment objectives of AP Capital REIT are:

  • To provide long term capital appreciation by acquiring and maintaining a diversified, secure portfolio of income producing commercial real estate assets located in Western Canada and Western United States.
  • Provide monthly or quarterly distributions based on consolidated cash-flows; including a 70% profit share of the annual adjustment based on asset appreciation.
  • Provide a tax efficient vehicle for Open/Cash investors in Canada through return of capital where applicable
  • Maintain status as Mutual Fund Trust or order to qualify for Canadian deferred plans: RRSP, TFSA, RIF, TIF, LIRA etc.

Fund Summary

Assets Under Management (AUM)$77.67MM CAD
REIT ManagerAP Capital REIT Services Ltd.
Quarterly DistributionsCalculated and issued quarterly based on consolidated cash. Issued in units (DRIP) or cash.
Trust Unit NAV$861.39 per Class C1/C2, Class F, Class G, and Class H Units (based on FY 2018 audited statements)
DividendsT3 (Trust Income) tax slips are distributed to Open/Cash holders annually
Real Estate Asset ClassCommercial only - retail plaza, office/medical/retail
Retraction RightsSubject to a retraction terms and penalty schedule (see Offering Memorandum)
Management Fee1.5% per annum of Net Assets; plus 30% profit participation after $60/unit distribution to unitholders
Monthly Fast FactsMonthly Fast Facts

Investment Criteria

AP Capital REIT focuses on acquiring properties, which are operating below their potential realizable value. The principal business of AP Capital REIT is;

  1. Investments in the market segment between that occupied by individual real estate investors and by pension funds, REITs and public real estate companies.
  2. Acquire, own and operate a portfolio of under valued and under managed revenue-producing commercial real estate properties primarily located in Western Canada and Western USA;
  3. Improve the portfolio through strategic renovations and other capital improvements to increase income and capital appreciation with a focus on long term ownership