A limited partnership is essentially a cooperative of investors, who are equity holders, as well as a general partner who is responsible for the operations and financial reporting. Limited partners contribute capital by purchasing a partnership unit. They are not directly involved in management of the day-to-day operation of the business, and their liability is limited to the amount of their investment.
The Millennium III Group of Companies includes the general partners of more than 50 active limited partnerships in Saskatchewan and Alberta. Millennium III is responsible for the operation of each partnership, providing investors with a worry-free, armchair investment in real estate.
The directors and officers of Millennium III personally commit to our limited partnerships by purchasing investment units in every project we syndicate.
The general partner provides:
As limited partners, investors: