Select Accomplishments – Sheiner Group Select Accomplishments – Sheiner Group

Click on the filter icons below to browse a selection of Sheiner Group’s developed, redeveloped and subsequently sold assets.

DETAILS

ADDRESS5250 Lakeshore Road, Burlington, Ontario L7L 5L2

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Residental Sold Properties

# OF UNITS 171

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PROPERTY AREA/

Admirals Walk

Sheiner Group proposed and entered into a ‘joint venture workout” of this high rise waterfront condominium with the Canadian government, through Canada Mortgage and Housing Corporation (C.M.H.C.), to increase the value of a repossessed property. Up until the time of this special arrangement, the federal government sold properties only for cash. This creative initiative yielded three to four times more profit for C.M.H.C. than the government would have received through an all cash sale.

DETAILS

ADDRESS2323 East Flower Street, Phoenix, AZ 85016

LOCATION Arizona

PORTFOLIO Living Well Fund II

TYPE Arizona Living Well Fund II Residental Residential Sold Properties

# OF UNITS 114

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PROPERTY AREA

Bloom 24 Apartments

Bloom 24 is a completely renovated apartment community in Phoenix, Arizona with close proximity to Biltmore Fashion Park and the Melrose District. Bloom 24 offers modern one and two-bedroom apartments equipped with stainless steel appliances, walk-in closets and central air and heat. The property has a state-of-the art fitness center overlooking the pool and outdoor lounge, BBQ grill patios under pergolas, covered parking and laundry rooms. Sold in 2019.

DETAILS

ADDRESS/

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Commercial Residental Sold Properties

# OF UNITS /

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Chestnut & Elizabeth

In a joint venture with the City of Toronto, Sheiner Group built a high-rise residential and office property in the heart of downtown Toronto. This project was through the government program, Cityhome, wherein Sheiner Group entered into a partnership with the City of Toronto who leased back the buildings for 20 years.

DETAILS

ADDRESS909 West Colter Street, Phoenix, AZ 85013

LOCATION Arizona

PORTFOLIO Living Well Fund II

TYPE Living Well Fund II Residental Sold Properties

# OF UNITS 386

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Colter Park Apartments

Colter Park Apartments is a sprawling apartment community in Phoenix, Arizona offering newly renovated one and two-bedroom apartments with fully equipped kitchens, breakfast bars, oversized closets and private balconies/patios. Colter Park’s landscaped property boasts two swimming pools with furnished sundecks, a clubhouse with a business center, picnic areas with BBQ grills and laundry care facilities. Sold in February 2020.

DETAILS

ADDRESS375 King Street North, Waterloo, Ontario N2J 4L6

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Residental Sold Properties

# OF UNITS /

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Columbia Place

The tallest building on the best corner location in Waterloo had been standing vacant and 60% complete for eight years until Sheiner Group successfully redeveloped and sold out the project in a joint venture with Canada Mortgage and Housing Corporation (C.M.H.C.).

DETAILS

ADDRESS447 W. Rio Salado Pkwy, Mesa, AZ 85201

LOCATION Arizona

PORTFOLIO Living Well Fund I

TYPE Residental Sold Properties

# OF UNITS 48

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PROPERTY AREA

Cypress Commons Apartment Homes

Cypress Commons Apartment Homes is a simple but homey apartment community in Mesa, Arizona offering 48 two-bedroom apartments with private balconies/patios, fireplaces and HVACs in every unit. The property has a pool with furnished sundeck and covered parking. Cypress Commons, a Living Well Fund I acquisition purchased in August 2012 was sold exactly four years later.

DETAILS

ADDRESS250 Front Street East Toronto, Ontario M5A 1E9

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Commercial Sold Properties

# OF UNITS /

LAND AREA 5 acres

PROPERTY AREA24,478 sq.ft.

Front Street

Covering nearly a full city block of downtown Toronto and bordered by Front Street, King Street and Parliament Street, this property site was leased to Staples Business Depot as their major location to serve the Bay Street commercial district. Adjacent to Toronto’s Brewery development, the Front Street property was re-zoned and sold was for 8.5 times the purchase price and 35 times the equity invested.

DETAILS

ADDRESS100 Guindon, St-Sauveur-des-Monts, Quebec J0R 1R6

LOCATION Quebec

PORTFOLIO Sheiner Group

TYPE Commercial Sold Properties

# OF UNITS /

LAND AREA 353,401 sq. ft.

PROPERTY AREA100,000 sq.ft.

Les Factoreries Saint-Sauveur

Acquired in January of 2003, this transaction was the catalyst for Sheiner Group’s focused entry in to the Laurentians, just north of Montreal. Up until point of sale, Les Factoreries was considered to be the largest and most successful outlet mall in the Province of Quebec. This vibrant and highly successful project was anchored by a prestigious list of national and international retailers including, Nike, Guess, Tommy Hilfiger, Jones of New York, Point Zero and many others. The re-branding and re-positioning of the asset by Sheiner Group resulted in a sale for 3.8 times the purchase price and 15.25 times equity invested.

DETAILS

ADDRESS650 South Country Club Drive, Mesa, Arizona 85201

LOCATION Arizona

PORTFOLIO Living Well Fund I

TYPE Residental Sold Properties

# OF UNITS 151

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Mesa Ridge Apartments

As part of Living Well Fund I, Limited Partnership, Mesa Ridge Apartments was purchased in May 2012 at a foreclosure sale, as a joint venture with a local Arizona investor. The apartment community included 1 and 2-bedroom floor plans as well two swimming pool, laundry rooms, and other amenities. The apartment complex went through a series of renovations, rebranding and retenanting, with the Leasing Office/Clubhouse being transformed into a beautiful focal point of the property. Mesa Ridge was commendably sold in March 2015.

DETAILS

ADDRESS350 Doon Valley Dr. Kitchener, Ontario N2P 2M9

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Residental Sold Properties

# OF UNITS 76 Homes

LAND AREA 1,000,000 sq. ft.

PROPERTY AREA/

Mill Club on the River Grand

As part of Sheiner Group’s ongoing strategy to expand its active retiree lifestyle community portfolio, the development of the Mill Club has been an extra ordinary success. With 76 large homes adjacent to the Conestoga Golf Course in Kitchener, Ontario, this community boasted a beautiful idyllic location, with the Grand River running along the back of the property. Various amenities and leisure pursuits were available, enabling residents to be engaged and active without leaving their community. In addition, shopping, fine dining, health care, entertainment venues, and many other local attractions were conveniently located in the Kitchener area.

DETAILS

ADDRESS425 East Brown Road, Mesa, AZ 85215

LOCATION Arizona

PORTFOLIO Living Well Fund I

TYPE Residental Sold Properties

# OF UNITS 30

LAND AREA /

PROPERTY AREA

Mountain View Condo Rentals

Mountain View Condo Rentals is a cosy apartment community in Mesa, Arizona offering 30 units and comprised of two and three-bedroom apartments. Features included central air and heat, renovated, fully equipped kitchens with granite countertops and pool views. Located near shopping entertainment, superior local schools and major highway access. The second multi-family acquisition of Living Well Fund I in November 2011, Mountain View was subsequently sold in August 2016.

DETAILS

ADDRESS364 Princeton Drive, Thompson, Manitoba R8N 0A2

LOCATION Manitoba

PORTFOLIO Living Well Fund I

TYPE Residental Sold Properties

# OF UNITS 275

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Princeton Towers

Princeton Towers is considered to be the finest multi-family property in Thompson, Manitoba. The complex comprises two towers that are connected underground by an amenity complex, which includes an indoor swimming pool, saunas, an exercise room and party room facilities. The property was purchased with 50% vacancy as a distressed asset from the Canada Mortgage and Housing Corporation. After a major renovation and strategic rebranding, not only was the property 100% leased, but these enhancements significantly increased the value of the asset. It was ultimately sold to a condo-converter purchaser for 4.6 times the initial purchase price.