The Donway Fund today announced that it has completed a $32 million capital raise led by Cranson Capital Securities Inc. with participation from Canaccord Genuity, Richardson GMP and Introduction Capital. Funds raised from over 220 accredited investors have been used to purchase four four-storey apartment buildings on a five acre site at 1053 Don Mills Road and 2,4,6 The Donway East. The Fund’s management believes that the site has high potential to obtain increased density for future development and projects property value to grow significantly over the next five years offering investors a targeted total return of ~122 per cent.
“As demand for new housing continues to outpace supply, value of developable land continues to rise. Plaza Partners has given investors the opportunity to participate in the land appreciation by offering a ‘buy and hold’ investment” said Pinny Kaufman, Director and Officer of the General Partner.
Several key forces are expected to sustain the demand for GTA housing and resulting land price growth that Kaufman references. “Toronto employment is strong, rental vacancy has fallen to historically low levels and the GTA is projecting population growth of 2.5 million by 2036” said Devon Cranson, President and Founder of Cranson Capital Securities.
“With the GTA’s scarcity of land, there is significant upside potential for investors who purchase land that is currently being under-utilized. That’s exactly what we’ve offered investors with Plaza Partners – The Donway Fund” added Cranson.
In addition to Plaza Partners – The Donway Fund, Cranson Capital has recently led successful capital raises for Plaza’s 5888 Yonge Street Fund and the Plaza Land Fund. To learn more about investment opportunities with Cranson Capital please visit cransoncapital.com.
With the GTA’s scarcity of land, there is significant upside potential for investors…
About Cranson Capital
Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Securities and Cranson Capital Solutions, both of which offer unique services to support investors and entrepreneurs. Cranson Capital Securities is an Exempt Market Dealer that specializes in raising capital through private placements in real estate, growth companies and financial services. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for entrepreneurs.