Overview
Morguard Sunstone
Sunstone US (No. 4)
Sunstone US (No. 3)
Sunstone US (No. 2)
Sunstone US
Sunstone (2008)
 
Sunstone Opportunity Fund (2006)
Investment Properties
 
[printable version - pdf]

Portfolio Summary

Closing: Oct. 26, 2006
Total units: 40,000
Per unit: $1,250
Debenture interest rate: 8%
Equity raised: $50,000,000
Total portfolio acquired: $118,229,211
Number of properties: 14 (10 divested)
   
Properties by Purchase Price
Debt Maturities on Remaining Properties

Year Debts
2017 100%

Properties

Place des Quatre-Bourgeois - 47.5% interest
Sainte-Foy, QC
Purchase Price: $11,597,125
Purchase date: February 2008
Property type: Shopping centre
Rentable area: 245,028 sq. ft.
Sale price: $15,211,875
Sale date: June 2012
   


City Gate Centre
Chilliwack, BC

Purchase price: $16,466,086
Purchase date: December 2007
Mortgage: $9,468,968
Interest rate: Prime Rate + 1.25%
Debt maturity: Month to Month
Property type: Shopping centre
Rentable area: 46,163 sq. ft.
Site area: 3.66 acres
Key tenants: HSBC Bank, Envision Credit Union, Liquor Depot





Galeries Kirkland
Montreal, QC

Purchase price: $12,100,000
Purchase date: September 2007
Mortgage: $8,649,345
Interest rate: Prime Rate + 1.75%
Debt maturity : May 2017
Property type: Shopping centre
Rentable area: 83,225 sq. ft.
Site area: 5.3 acres
Key tenant: TD Canada Trust





Grand Marshall
Toronto, ON

Purchase price: $3,400,000
Purchase date: July 2007
Property type: Industrial
Rentable area: 15,965 sq. ft.
Site area: 2.69 acres
Sale price: $3,400,000
Sale date: November 2011




The Shops at Polson Park
Vernon, BC
Purchase price: $12,500,000
Purchase date: May 2007
Mortgage: $17,987,388
Interest rate: Prime + 1.50%
Debt maturity: On demand
Property type: Shopping centre
Rentable area: 116,016 sq. ft.
Site area: 9.686 acres
Key tenants: Save-On-Foods, Galaxy Cinemas, Shoppers Drug Mart, RBC Royal Bank






Starlite Centre
Regina, SK
Purchase price: $5,321,500
Purchase date: May 2007
Property type: Shopping centre
Rentable area: 26,869 sq. ft.
Site area: 2.52 acres
Sale price: $6,500,000
Sale date: December 2010




788 Caldew Street
Delta, BC
Purchase price: $3,900,000
Purchase date: March 2007
Property type: Industrial
Rentable area: 56,625 sq. ft.
Site area: 2.671 acres
Sale price: $5,000,000
Sale date: April 2008




Cariboo Mall
100 Mile House, BC
Purchase price: $2,170,000
Purchase date: March 2007
Property type: Shopping centre
Rentable area: 39,708 sq. ft.
Site area: 3.44 acres
Sale price: $2,350,000
Sale date: January 2012




Terrace Shopping Centre
Terrace, BC
Purchase price: $2,360,000
Purchase date: March 2007
Property type: Shopping centre
Rentable area: 19,728 sq. ft.
Site area: 0.854 acres
Sale price: $2,360,000
Sale date: September 2009




Smithers Mall
Smithers, BC
Purchase price: $1,760,000
Purchase date: March 2007
Property type: Shopping centre
Rentable area: 43,741
Site area: 3.16 acres
Sale price: $2,800,000
Sale date: July 2013




Evergreen Centre
Sooke, BC

Purchase price: $8,170,000
Purchase date: February 2007
Property type: Shopping centre
Rentable area: 67,156 sq. ft.
Site area: 7.96 acres
Sale price: $15,900,000
Sale date: August 2011




Millwoods Mainstreet Mall
Edmonton, AB
Purchase price: $29,000,000
Purchase date: February 2007
Property type: Shopping centre
Rentable area: 142,865 sq. ft.
Site area: 15.23 acres
Sale price: $38,500,000
Sale date: March 2011




Maple Park Shopping Centre - 95% interest
Quesnel, BC
Purchase price: $3,049,000
Purchase date: February 2007
Demand loan: $68,392
Interest rate: Prime + 1.50%
Debt maturity: Demand loan
Property type: Shopping centre
Rentable area: 139,127 sq. ft.
Site area: 13.68 acres


 



Newton Crossing
Surrey, BC
Purchase price: $6,600,000
Purchase date: December 2006
Property type: Retail/office
Rentable area: 48,966 sq. ft.
Site area: 3.978 acres
Sale price: $10,150,000
Sale date: October 2008


 
 

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