TORONTO, July 10, 2014 /CNW/ - The Private Capital Markets Association of Canada (PCMA) awarded Cranson Capital Securities Inc. (Cranson Capital) with the 2013 Residential Real Estate Deal of the Year Award for their success in raising a private placement of $28 million for the One Yorkville condominium project development. Cranson Capital had participation in this lucrative RRSP and TFSA eligible investment opportunity from over 170 Ontario based accredited investors. This was the 2nd consecutive Residential Real Estate Deal of the Year Award for Cranson Capital and their 3rd overall Deal of the Year Award from the PCMA.
Located in the prestigious downtown Toronto neighbourhood of Yorkville, One Yorkville is a joint venture between Plazacorp Inc. (Plazacorp) and Bazis Inc. which features a 58-storey residential condo development at the corner of Yonge Street and Yorkville Avenue. By conjoining Yorkville's past with the future, One Yorkville hopes to mark a new era of elegance and ingenuity to the neighbourhood. The development was greeted in the real estate market with a spectacular sales launch in early 2014 and looks to be one of the leading condo development projects in the city.
This is not the first time Plazacorp has partnered with accredited investors on a condo development. In 2007, Plazacorp raised a total of $31 million dollars for a 1633 unit residential condominium project, similar to One Yorkville, in the downtown Toronto neighborhood of Liberty Village. Those astute investors were able to more than triple their money over a period of six years, providing a return of over 240% on their investment. By investing in private placements such as these, which are uncorrelated with the public market, Cranson Capital provides accredited investors the opportunity to partner with an experienced real estate developer and diversify their portfolio while achieving remarkable returns.
Cranson Capital won the Real Estate Deal of the Year for a similar Plazacorp residential project in 2013 as well as the 2013 Technology Growth Deal of the Year. Nominees for PCMA's Private Capital Markets Deals of the Year are evaluated based on their leadership in the industry, contribution to the deal, innovative market, product or investment opportunities created and the benefits of the deal for the issuer and for investors.
"Our investments offer a very unique opportunity for investors which allow them to partner directly with one of the top real estate developers in the country. Because they invest from an early stage, profits from the development are shared, providing accredited investors the opportunity to make extraordinary returns from the growth of the Toronto housing market." says Devon Cranson, President of Cranson Capital. "We are thrilled to be recognized by the PCMA for our part in raising the capital for this phenomenal deal, but this would not have been possible without the opportunity from Plazacorp and Bazis to allow the participation from our investor base, and of course the 170 investors that recognized the opportunity and made the investment."
About the Private Capital Markets Association of Canada
Founded in 2002, the Private Capital Markets Association of Canada (PCMA)™, formerly known as the Exempt Market Dealers Association of Canada, is the leading national voice of Canada's private capital markets. The PCMA represents the interests of exempt market dealers, issuers and industry professionals to securities regulators, government, industry associations, the capital markets and the public. The PCMA assists its members with understanding their regulatory responsibilities through industry publications, educational opportunities and connections to compliance, regulatory, finance and legal resources. The PCMA provides valuable membership services and cost saving opportunities to its members including opportunities for professional development and industry education, exclusive insurance programs, and access to a network of private capital professionals from coast to coast. For more information visit: www.pcmacanada.com.
About Cranson Capital
Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Securities and Cranson Capital Solutions, both of which offer unique services to support our investors and entrepreneurs. Cranson Capital Securities is registered with the Ontario Securities Commission as an Exempt Market Dealer and specializes in raising capital from accredited investors for private placements in real estate developments, technology start-ups and high growth companies. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for our entrepreneurs. For more information visit: www.cransoncapital.com.
Image with caption: "Devon Cranson, President of Cranson Capital, receiving the 2013 Residential Real Estate Deal of the Year Award. (CNW Group/Cranson Capital)". Image available at: http://photos.newswire.ca/images/download/20140710_C3712_PHOTO_EN_4214.jpg
SOURCE: Cranson Capital
For further information: Cranson Capital: Archana Chaudhari, Marketing Manager, E: [email protected], T: 416-595-5550 ext. 2142; On Twitter: @cransoncapital, www.cransoncapital.com