The Millennium III Group of Companies was founded in 1981 by a group of Western Canadian business people in order to participate collectively in the ownership of commercial real estate.
Traditionally, investors who wish to become involved in this market are faced with a number of challenges. These include the requirement for large capital outlays, financing, and knowledge of the market, as well as an understanding of the complexities of commercial asset and property management. This leaves specialist developers or large financial organizations, such as banks and pension funds, to appropriate the bulk of profits, capital gains, and tax benefits available in this highly lucrative field.
An investment with Millennium III offers you the opportunity to profit from this market through partnership.
For the past 35 years, we have employed an investment model whereby commercial properties can be acquired with minimum individual capital outlay and maximum tax advantages. Through a limited partnership structure, the investor participates fully in the profits from operations without the need for commercial real estate expertise.
Directors of the Millennium III Group of Companies personally own units in each limited partnership to ensure our long-term commitment to all of our projects.
Millennium III has a proven track record and long history of successful investment in 74 projects to date. We are one of the largest commercial landlords in Saskatchewan and, on behalf of more than 1,400 investors, we currently own and operate more than $325 million worth of investment property across Western Canada.
Our limited partners benefit from average annual returns on their real estate investments that are typically in the range 15% to 22%* at maturity. Many of our partners own multiple units in our projects, returning year after year to participate in our new syndications.
Our success is based on keeping the best interests of our investors at heart, and we invite you to join us.
Ev Kearley, P.Eng.
The Millennium III Group of Companies
*past performance is not necessarily indicative of future results
At Millennium III, we have more than 40 dedicated professionals who specialize in real estate development, syndication, investor relations, accounting, finance, property management, project management, and construction.
The original founder of the Millennium III Group of Companies, Ev is a professional engineer with over 40 years of experience in development, design, construction, and project management. In his early career, he distinguished himself during service in the Canadian Forces by achieving the rank of Lt. Colonel. More recently, Ev was awarded the Saskatchewan Centennial Medal for business and community service to the province. Since 1981, Ev has been actively involved in the acquisition, development, and syndication of commercial property in Saskatchewan and Alberta.
John has been with Millennium III since 1994. He heads the real estate acquisition team and manages major construction and renovation projects for the group. He also acts as proxy for the Chairman and as the primary liaison with Fortress Properties Inc., Millennium III’s property management division.
Mike has been involved in commercial real estate construction, sales, and management since 1978. He has overseen the property management portfolio of Fortress Properties Inc., enabling Millennium III to benefit from his extensive knowledge of the Western Canadian real estate market.
Jerald specialized in finance and marketing while obtaining his B.Comm. with Great Distinction from the University of Saskatchewan. He has been involved in real estate acquisitions and the development of financial models for syndication since 2002. As the head of the sales department, he is responsible for project marketing and investment sales.
Allan joined Millennium III in 1993. Allan ensures compliance with Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS), as applicable, for Millennium III’s accounting and financial reporting. His accounting team is responsible for producing annual financial statements and tax filing documents for investors in more than 50 active limited partnerships.
Ken has been with Millennium III since 1992 and is responsible for all aspects of investor relations including management of unit ownership, annual reports to investors, annual meetings of the partnerships, and capital distributions.
Jarvis graduated with Great Distinction from the University of Saskatchewan with a specialization in finance, and obtained his CFA designation in 2012. Jarvis has worked for Millennium III since 2003 and is an essential member of the acquisition team. He also is responsible for property dispositions and administration of Millennium III’s mortgage portfolio.
Deb joined Fortress Properties Inc. as a senior accountant in 2001 and achieved her CMA designation in 2003. Since that time she has held several positions of increasing responsibility within our group. This experience has given her extensive insight into all of our functional business areas. She is responsible for overall financial control and cash management reporting, with ongoing oversight of our accounting processes and internal controls.