18%*

TARGETED ANNUAL
PREFERRED RETURN

Open to all investors

PROFIT WITH THE DEVELOPER
$25,000 minimum investment

Promontory at Upper Mission is 4.5 acres of prime view land located in an exclusive neighbourhood on the highest residential point in the Kelowna area, offering sweeping views across the valley and lake.

Built with the same features as Promontory Kelowna (Knox Mountain), Upper Mission will have affordable price-points, solar panel energy, family-friendly spaces and spectacular views in a prime Okanagan location.

THE STRATEGY

The developer has acquired the property for $2.2 million and it will be developed maximizing land use as the only multi-unit residential property in the area. The project will be 78+ single-family townhomes built in 9-12 phases.

THE OPPORTUNITY

Investors can receive an annualized targeted 18% preferred return on equity upon completion and sale of the real estate.

A two-stage equity development partnership opportunity.

TRANCHE ONE¹: $4 MILLION

Purchased Land ($2.2M): 4.5 acres of prime lake and city view land zoned for 78 units. Development permits within 6 months, maximize land use, increase density. Land purchase price = $37 psf buildable.

TRANCHE TWO¹: $4 MILLION Completion within 24 months after completion of Tranche one

Build and Sell: A minimum of 78 townhomes² at an affordable price within a luxury market

*LIMITED PARTNERS’ RETURN ON INVESTMENT (ROI):

Investors receive a targeted 18% annual preferred return to be paid upon
completion of the construction and sale of the real estate. Project is expected
to be completed within 30 months.

The General Partner’s profits will not be realized until Limited Partnership Investors have received back their investment and preferred return.

For more information, speak to a representative of Evest Funds’ private equity broker, Waverley Corporate Financial Services.

1: Please review the Term Sheet for full details on this offering.
2: Current base assumption is to build 78 townhomes.

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E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Evest Funds Inc.

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