CALGARY, May 8, 2013 /CNW/ - Arlington Street Investments ("ASI") is
pleased to announce that it has been awarded the Commercial Real Estate
Deal of the Year by the Exempt Market Dealers Association of Canada
("EMDA") on the financing syndication for the 8th Avenue Limited Partnership in Calgary (the "Partnership"). The EMDA
awards encourage best practices, high standards of conduct and
recognize exempt market business leaders who are helping build a
vibrant and successful exempt capital market in Canada. The exempt
market in all of Canada is well over $140 billion dollars and continues
to grow as a significant source of wealth.
The 8th Avenue Limited Partnership in Calgary was created to raise investment
funds that would be used to renovate, reposition and construct a new
building located at 718 - 8th Avenue S.W., Calgary, Alberta. In Calgary, 8th Ave is considered one of the leading financial hubs and home to several
of Western Canada's corporate head offices. More information on this
project can be found at www.arlingtonstreet.ca/8th-ave-limited-partnership.
"We're extremely pleased with this award as it showcases the success of
our investment strategy," stated Frank Lonardelli, President and Chief
Executive Officer. "Our company was founded to serve the unique needs
of our growing list of accredited investors in this market,
incorporating a mandate of value investing, transparent communications,
strong corporate governance and management for our investors. Through
the 13 projects we've completed, ASI's track record of returns has
consistently and significantly beaten all the relevant benchmarks.
However, what we are most proud of is the fact that we have never lost
a dollar of our or our valued investment partners' invested equity."
Nominees for the EMDA's Exempt Market Deals of the Year were evaluated
based on their leadership in the industry, contribution to the deal,
market innovation, impact, and the benefits of the deal for the issuer
and for investors. The award selection committee was comprised of
independent members of the EMDA Board of Directors.
David Gilkes, EMDA Vice-Chair stated: "The EMDA believes it is time to start
celebrating the success stories of the exempt market and honouring the
leaders driving those successes. EMDA awards winners are helping to:
(a) finance entrepreneurs and innovators, (b) develop and grow emerging
businesses and (c) create successful alternative exempt market
investment opportunities for Canadians. Capital raised in the exempt
market helps finance economic activity across Canada and is an
important contributor to creating wealth and fueling our economy. The
EMDA Awards celebrate excellence and showcase examples of leadership in
Canada's exempt market."
About Arlington Street Investments
Arlington Street Investments is a private company dedicated to providing
high quality real estate investments to shareholders through exempt
market financings. Investment funds are utilized to purchase and sell
real estate, and the profits are split by the investors. ASI's business
is focused on building relationships, strengthening partnerships, and
enhancing value. ASI's strategy is to identify opportunities to acquire
assets that can be positioned for an increase in value through active
development, redevelopment, repositioning and/or rezoning and land use.
Based on proven experience and successes to date, ASI will continue to
execute and expand the model based on what the Company has achieved to
provide strong returns to investors.
In its investments, ASI looks for a return of capital, per project,
typically within two to five years of the initial investment.
Management's goal is to complete full project build outs within one to
three years, repositioning and redevelopment projects in the investment
range of $5 to $40 million dollars. Currently, ASI plans to launch its
'ASI Opportunity Fund' in the Fall of 2013 with the completion of three
of the most high profile commercial developments in the downtown
beltline of Calgary.
Management believes strongly in a high level of integrity, honesty,
investor education and giving back to the community. The Company hosts
'Frankly Speaking' on its website, providing knowledge about the exempt
market, investing and the industry. It has also created the 'Arlington
Street Foundation Scholarship', which funds and supports
the post-secondary education of Gordon Bell High School students who
are distinguished by their resiliency and commitment to succeed. The
Company's CEO, Frank Lonardelli has also been asked to speak at several
venues on topics that range from investing to corporate social
SOURCE: Arlington Street Investments
For further information:
Arlington Street Investments
President and CEO
Ph: (403) 266-5000