Harbour Equity Capital Corp.

Harbour Equity Capital Corp.

October 14, 2014 11:39 ET

Harbour Equity JV Development Fund Closes New Investments in Ottawa, Regina and Vaughan

TORONTO, ONTARIO--(Marketwired - Oct. 14, 2014) - Harbour Equity Capital Corp. ("Harbour Equity"), manager of the Harbour Equity Joint Venture Development Fund (the "Fund"), is pleased to report that the Fund has closed on three joint venture development projects in the past quarter.

These new joint ventures consist of a 35-unit single-family subdivision project near Ottawa, Ontario; a 160-acre industrial park development near Regina, Saskatchewan; and a 34-unit residential townhouse development in Vaughan, Ontario. These investments provide the developers an opportunity to leverage the Fund's capital in order to better scale their operations and execute multiple projects concurrently.

Harbour Equity continues to engage in joint venture opportunities across a broad range of asset classes, including for-sale and for-rent residential, retail, office, and industrial developments, as well as welcoming purpose built projects such as seniors housing, student housing and self-storage. Development opportunities are targeted at the time of land acquisition, with investments focused on projects with total costs between $10 million and $50 million and total equity requirements in the range of $2 million to $10 million.

About Harbour Equity Capital Corp.

Harbour Equity is a dedicated real estate private equity company providing equity capital to proven real estate developers with a history of achieving superior risk-adjusted development returns. Harbour Equity is part of Harbour Group, a multi-dimensional real estate investment platform. Harbour Equity currently manages 16 joint venture projects through the Joint Venture Development Fund and project specific limited partnerships. Harbour Equity's website can be found at www.harbourequity.com.

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