May 20, 2021
Real estate investment fund from Chilliwack, BC, Canada (April 18, 2019) – Westbow Capital Income Fund, a privately held real estate mutual fund trust, is pleased to announce the acquisition of Windsor Place for $25.1 million outside Edmonton, Alberta. It is Westbow Capital’s first acquisition into the fund.
Windsor Place is a three-building complex containing 144-units. These four storey apartment buildings were built in 2015-2016 with elevators going up to the fourth floor. Its location is just off HWY 21, 35 minutes to downtown Edmonton. The property already has a strong cash flow and aligns with Westbow Capital’s strategy to acquire mid to low-density properties. This will be Westbow Capital’s first foot-hold into the northern Alberta market with plans to hold this property for the duration of the fund.
The Edmonton area is a major gateway to the North and is home for many companies including airline, oil, gas, and mineral mining. It’s the sixth largest city in Canada with over 1 million in population. It is the home to several major heavy industries adding to the diversity of the region.
About Westbow Capital Income Fund Ltd.
Westbow Capital was formed in January 2019 and is a real estate mutual fund trust with headquarters in Chilliwack, BC. It focuses on primarily low to mid density residential real estate properties in Western Canada.
The Westbow Management team has over 40 years of experience building and owning real estate all over North America. The management team is experienced in the analysis, acquisition, disposition, repairs, upgrading and other facets which are core to managing rental real estate properties.
Related Articles
The Steady Rise of Canada’s Average Rent
The average asking rent in Canada reached $2,185 in June, reflecting a 7% increase compared to a year ago. Although significant, this growth represents the slowest annual rate in 13 months, as reported by Urbanation and Rentals.ca. Let's dive into the details and...
The Impact of the Bank of Canada’s Interest Rate Cut on the Real Estate Rental Market
In a significant move to manage inflation and bolster economic growth, the Bank of Canada has once again reduced its policy interest rate. This latest cut of 25 basis points brings the overnight rate down to 4.5%, a level not seen since June 2023. This follows a...
Press Release: New Acquisition
Chilliwack, BC, Canada (August 3, 2021) - Westbow Capital Income Fund (“Westbow Capital”), a privately held real estate trust, is pleased to announce a $14,475,000 acquisition in Red Deer, Alberta. About The PropertyThe Red Deer Property is a 133 unit, 4-story...
Press Release: Westbow Capital Acquisition of Saskatoon Property
Chilliwack, BC, Canada (July 1, 2020) - Westbow Capital Income Fund (“Westbow Capital”), a privately held real estate trust, is pleased to announce a $34,000,000 acquisition in Saskatoon, Saskatchewan. The Saskatoon Property is a 4-storey mixed used apartment...