Good Things Keep Getting Better
If you haven’t heard, things are going well here in Saskatchewan. We led all Canadian provinces in growth for 2022 and are among the leaders so far in 2023. The mining sector continues to be active to meet global demand, the price of oil is high and many think it could reach $100 per barrel by the end of the year, and the harvest is now in the bin. These are historically all great drivers of the Saskatchewan economy. Despite Saskatchewan having more national and international attention on our wealth of resources, we are still able to find profitable, undervalued real estate assets that will capitalize on Saskatchewan’s long-term growth. The newest offering, Herald Place, is a great addition to our Regina portfolio and shows tremendous potential for growth as well. The property is classified as industrial, which has been the strongest sector since 2020. According to a recent report by Colliers, Regina’s city-wide industrial vacancy rate is 1.5%, making for very landlord favorable conditions. The same report has average industrial rental rates of $11.27 per square foot, whereby our property has 100% occupancy and an average rental rate of $7.72 per square foot, indicating significant future upside. These two very positive short-term indicators coupled with the long-term growth prospects from our well diversified commodity-based economy have us excited for the potential of our province and for this investment specifically. With the year-end approaching, if you are interested in adding this offering to your tax and investment plan, feel free to reach out sooner rather than later. With only 76 units available in the offering, it may not last long.
Bedford Properties
Limited Partnership
288 - 296 Henderson Drive, Regina, SK
Strength in Numbers
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$24,700 initial investment (per unit)
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Estimated $12,510 initial write-off
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Targeted $5,000 net rental revenue after debt repayment
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14 year anticipated mortgage payout
Herald Place
- Industrial property in Regina, SK
- Desirable location in the busy Ross Industrial Park
- 100% occupancy
- Below market rents
At Millennium III, we have faced many challenges throughout our over 40 years of investing in Western Canada. We began our operations during the deep recession of 1981, experienced three more recessions since then, and successfully navigated through the COVID pandemic. Over this time as the oil, agriculture, commodities and real estate cycles have ebbed and flowed, our occupancy rates have followed both their ups and downs. Through hard work and sometimes hard choices, we have built a portfolio of properties that have created wealth, profit and tax savings for our limited partners. The Millennium III Group of Companies continues to provide investments that assist in both tax and retirement planning as an alternative to conventional investments in the stock market or mutual funds.
- Manages $400,000,000 of investment properties across Western Canada
- Investors have received over $100,000,000 through cash distributions and project exits in the last 20 years
- Syndicated 53 commercial real estate projects in Saskatchewan
If you would like more information on the current offering, or are interested in investing, please contact our office.
Jerald Tekatch
Vice President, Sales and Marketing