Overview
Morguard Sunstone
Sunstone US (No. 4)
Sunstone US (No. 3)
Sunstone US (No. 2)
Sunstone US
Sunstone (2008)
 
Sunstone Opportunity Fund (2007)
Investment Properties
 
PORTFOLIO SUMMARY

Closing: Oct. 23, 2007
Total units: 44,000
Per unit: $1,250
Debenture interest rate: 8%
Equity raised: $55,000,000
Total portfolio acquired: $110,695,000
Number of properties: 8 (6 divested)
 
Properties by Purchase Price
Debt Maturities on Remaining Properties
Year Debts
2016 28%
2017 11%
2020 61%


PROPERTIES
 

Golden Acres Shopping Centre
Calgary, AB

Purchase price: $10,475,000
Purchase date:

June 2009

Property type: Retail & office
Rentable area: 57,639 sq. ft.
Site area: 3.56 acres
Sale price: $13,750,000
Sale date: August 2014
     
 
 
 
 
845 Marine Drive
North Vancouver, BC
Purchase price: $38,200,000
Purchase date: March 2009
Property type: Shopping Centre
Rentable area: Est. 88,751 sq. ft.
Site area: 124,931 sq. ft.
Sale price: $46,700,000
Sale date: August 2010
   
 
 
 
838 Fort Street
Victoria, BC
Purchase price: $3,300,000
Purchase date: October 2008
Property type: Office building
Rentable area: 19,234 sq. ft.
Site area: 6,720 sq. ft.
Sale price: $3,200,000
Sale date: March 2015
 
 
 
 
Orchard Gardens Plaza - 50% interest
Kelowna, BC
Purchase price: $3,200,000
Purchase date: October 2008
Property type: Retail
Rentable area: 43,988 sq. ft.
Site area: 3.09 acres
Sale price: $5,050,000
Sale date: March 2017
   
 
 
 
 
Tristar
Delta, BC
Purchase price: $8,700,000
Purchase date: September 2008
Property type: Commercial
Rentable area: 73,396 sq. ft.
Site area: 7.12 acres
Sale price: $9,300,000
Sale date: April 2011
 
 
 
 

Confederation Mall - 70% interest
Saskatoon, SK

Purchase price: $19,670,000
Purchase date: September 2008
Property type: Retail
Rentable area: 329,128 sq. ft.
Site area: 29.0 acres
Sale price: $33,600,000
Sale date: October 2014
 
 
 
 
Health Plus
Calgary, AB
Purchase price: $8,600,000
Purchase date: June 2008
Mortgage: $5,360,871
Interest rate: Canadian Western Bank Prime + 1.5%
Debt maturity: month to month
Property type: Office building
Rentable area: 31,655 sq. ft.
Site area: 1.50 acres
 
 
 
 

Timmins Square - 35% interest
Timmins, ON

Purchase price: $18,550,000
Purchase date: December 2007
Mortgage: $7,977,370
Interest rate: 5.23%
Debt maturity: December 2015
Property type: Shopping centre
Rentable area: 391,410 sq. ft.
Site area: 52.0 acres
Key tenants: Sears, Winners, Sport Chek, No Frills grocery store, Urban Planet
 

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