TriVan Capital Announces the Successful Close of its Inaugural Real Estate Fund

TriVan Capital is pleased to announce the successful close of the TriVan Capital Prairies Opportunity Fund Limited Partnership. The fund is focused on acquiring industrial and flex commercial assets in Alberta, Saskatchewan and Manitoba that will provide existing cash-flow from diverse and strong tenants while also offering opportunities for capital appreciation. 

“There is a meaningful price difference on assets in the Prairie provinces when compared against similar quality properties located in major cities in Ontario, B.C. and Quebec. We believe this discrepancy will reduce over time as markets normalize and, in the interim, the assets will provide solid holding income” said Alex Cristall, President of TriVan Capital. 

Michael Berkson, Managing Director, adds, “we are excited to have the support of a broad investor base of both institutional and high net worth individuals, including the Bank of Montreal, with whom TriVan Capital, its principals and our strategic partner, Cristall Group Investments Inc., have had a longstanding relationship. With this financial backing we can now execute on our investment thesis to deploy the fund’s capital over the next two years and then maximize value in the acquired portfolio of assets over the ensuing five to eight years”.