Harbour Equity Capital Corp. Raises Joint Venture Real Estate Fund

TORONTO, May 10, 2013 /CNW/ - Harbour Equity Capital Corp. ("Harbour Equity") is pleased to announce the successful launch and first close of the $35 million Harbour Equity Joint Venture Development Fund (the "Fund"). The Fund will provide equity capital to experienced mid-size developers across Canada by way of joint venture for new developments and redevelopments where value-add opportunities exist.  The Fund is targeting a broad range of commercial and residential asset classes, including for-sale residential, apartment buildings, seniors housing, student housing, retail, office, industrial and self-storage developments.

The Fund will enter into joint venture arrangements with project developers who have a demonstrated track record of success, with specific experience in the relevant asset class and geographic market for which they are seeking financing.

As part of the capital raise, Harbour Equity engaged Trimaven Capital Advisors as exclusive Financial Advisor to the Fund.

About Harbour Equity Capital Corp.
Harbour Equity (www.harbourequity.com) is a dedicated real estate private equity company formed by Alan Winer, Paul Schachter and Ari Silverberg to provide equity capital to experienced and proven real estate developers. Harbour Equity is part of the Harbour Group of Companies, a multi-dimensional real estate platform providing real estate owners and developers with financing solutions across the entire capital stack.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund.

SOURCE: Harbour Equity Capital Corp.

For further information:

Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com
www.harbourequity.com

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Harbour Equity Capital Corp.

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