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.