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
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:
President, Harbour Equity Capital Corp.
(416) 361-3315 x238