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admiralwalk
DETAILS

ADDRESS5250 Lakeshore Road, Burlington, Ontario L7L 5L2

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Residental Sold Properties

# OF UNITS 171

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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.

Elizabeth
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.

Columbia Place
DETAILS

ADDRESS375 King Street North, Waterloo, Ontario N2J 4L6

LOCATION Ontario

PORTFOLIO Sheiner Group

TYPE Residental Sold Properties

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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.).

Mesa Ridge Apartments WF-5
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.

Mill Club Draft_edit
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.

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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.

Princeton Towers
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.

2
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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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.

Mountain View Apt Exterior-19
DETAILS

ADDRESS425 East Brown Road, Mesa, AZ 85215

LOCATION Arizona

PORTFOLIO Living Well Fund I

TYPE Residental Sold Properties

# OF UNITS 30

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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.