Our first targeted commercial properties will be Kaslo Tech Center in Vancouver, BC and Chahko Mika Mall in Nelson BC.
The strategy with these assets would be to release faltering retailers from their leases, recruit more in-person services as tenants, upgrade grocery and pharmacy footprints, and increase food options for visitors. We aim to sell the property when appropriate for significant gain with higher rent per square feet and cash flow, in which the gains will be distributed to unitholders who have invested through Land Baron’s platform.
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*Cautionary Statement: Anticipated returns are estimates and do not represent guaranteed results. Expected performance is based on management’s expectations and could prove inaccurate as a result of one or more underlying assumptions proving incorrect. These assumptions include a robust commercial real estate market, continued economic growth generally, a consistent competitive environment, lack of changes to the regulatory environment, consistent and effective operation of the digital platform, and other known and unknown risks failing to materialize.