Important Disclosure: The offering of Class A units of Elevate Living Real Estate Investment Trust (REIT) is available on a private placement basis to investors resident in Canada (other than Quebec) who are “eligible investors” as defined under applicable Canadian securities laws (specifically, National Instrument 45-106 of the Canadian Securities Administrators). A copy of the Offering Memorandum dated March 1, 2024, in respect to the offering of Class A units is available on request from Elevate Living Inc., which is the manager of the REIT, or from any registered exempt market dealer that is participating in the offering of units. This website does not constitute an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Exempt market products are not guaranteed, their values change frequently, and past performance may not be repeated. There is no active market through which the units may be sold, and redemption requests are subject to restrictions. Prospective investors must make an independent assessment of an investment in the REIT in consultation with their own professional advisors. Nothing in this website should be construed as investment, legal, tax, regulatory or accounting advice. This website does not provide disclosure of all information required for an investor to make an informed investment decision. Prospective investors must read the Offering Memorandum before investing, as it contains important information on the offering, risk factors, conflicts of interest, and the nature of the REIT. An investment in the REIT is suitable only for investors capable of making a long-term investment.
2This is forward-looking information. For details on forward-looking information, investors should review the Offering Memorandum (OM). This forecast example is based on the Manager’s estimates at time of OM issuance. The Manager does not forecast increase in land values; they base projections on forced appreciation on current land value. Subject to the Manager’s assumptions underlying this forecast being materially accurate, an investor who acquired units at the initial closing (March 31, 2023) and who does not redeem any Units could expect to achieve between 14% and 16% annual compounded internal rate of return on their investment over the projected 36 month period through ownership of Units. Certain material assumptions underlying this forecast are detailed in the OM. There is no guarantee that the forecasted returns will be achieved.
