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Acquisition Capital (Aurora) LP
Location: Toronto, ON
Sector: Real Estate
Acquisition Capital (Aurora) Limited Partnership provides potential investors the opportunity to participate in a hotel development project within the rapidly growing Aurora region. Aurora has over 60,000 residents with an average household income of $149,260, placing it in the top 10 wealthiest towns in Canada. Aurora is home to over 1,500 businesses, approximately 150 major industries and head offices, including Magna.
With a continued increase in population and growth in business investment, the demand for high quality hotel facilities is growing. There is a significant gap in the Aurora market for event and meeting room space which we anticipate to bring additional value to this project. Located at 4 Don Hillock Drive, minutes from Highway 404, this development will be ideally situated for business and leisure. The finished hotel will comprise of 121 rooms and suites and through the vision and extensive experience of Time Development Group will deliver a high quality yet affordable hotel without compromising quality or design.
Site plan approval has been registered with the city and the land has been purchased, significantly lowering the risk relative to many other developments whereby equity capital is used to purchase land and pay for early soft costs.
- Return potential over term – Target 15-20% annualized return over 3-year term
- Alternative asset class – Ownership of real estate provides diversification from stocks and bonds
- Strong management group – Real Estate developer and General Partner have the experience and expertise to successfully manage project
James Wanstall, Managing Partner – Structuring
James is a 30-year veteran of the financial industry, has run significant alternative investment companies and is currently involved in several major real estate projects among other financing activities.
Sean Zabaroski, Managing Partner – Legal
Sean is a business and securities lawyer with experience and abilities in relation to advising both public and private companies as well as real estate investment projects. He has assisted with the listing (IPO, RTO, etc.) and the maintenance of publicly-traded companies, asset and share acquisitions (both cross-border and domestic), equity and debt financings, limited partnerships and corporate restructurings, as well as general corporate governance-related matters.
Richard Dabrus, Managing Partner – Due Diligence
As Principal in Charge of WGD Architects, Rick has been in practice in Ontario since 1983 and registered with the OAA since 1990. He has held progressively senior roles on projects touching on virtually every aspect of real estate development, project delivery, design and construction.
Over the years Rick has worked in senior management and consulting capacities on behalf of clients in providing: architectural and planning services; functional programming services; design team leadership, consultant team coordination; and, contract administration services throughout pre design, design, construction and final completion. Hotel project experience includes the Intercontinental Toronto Centre, Delta Chelsea Hotel – Toronto, Delta Toronto Airport, Delta Hotel Kingston, Metropolitan Hotel – Toronto, Eaton Centre Marriot, and Doubletree Alana Waikiki Hotel – Honolulu.