LakeRidge
160 Century Crossing
Spruce Grove, Alberta
APT Investments
Who We Are

Philip C. Pincus
President
Over 25 years of experience in real estate, accounting, and business
management .

Cynthia Assen
Director of Marketing
Over 20 years in real estate sales, development & management .
APT Investments
What We Do - APT means Buying Right
Our goal
 Monthly cash Distributions
 Double your investment in 5 years
• Protect investor capital (Title in Your name)
APT Investments
What We Do - APT means Buying Right

Actively monitor emerging markets –
KNOW WHEN THE TIME IS RIGHT!

Taking advantage of opportunities and negotiating best terms –
BUY RIGHT!

Leverage preserves your cash –
Build a portfolio of the RIGHT assets

Achieve “better than marker returns” Positive cash flow

Buy the best quality The RIGHT price in the RIGHT markets at the RIGHT time

Hire the RIGHT professional property management Right tenant equals lower turnover and less cost
APT Investments
How We Do It

Invest in revenue-generating real estate properties; primarily
residential

Investors participate as Owners – title in your name

No participation in day-to-day operations – if you elect
optional rental pool

Leased to creditworthy tenants - Property manager will
perform credit check and background references

APT will monitor Property Manager – position on Condo
Board
APT Investments
Lakeridge
1.
Overview
2.
Location
3.
Features
4.
Floor Plans / Pricing
5.
Market Info
6.
ROI
7.
Summary
APT Investments
Lakeridge - Overview
Spruce Grove, Alberta, Edmonton's largest western suburb.
 LIMITED OFFER ONLY 25 PRESALE UNITS
 10 - 15% below appraised value
 First Year Lease in place – Yields Positive Cashflow!
 Only 10% deposit required
Gateway Town Center, a $100 Million PLUS mixed use project which
is forecast to generate 2,670 new jobs and $114 Million
in employment spinoffs -- Western Investor, May 2010
APT Investments
Lakeridge – Gateway Town Center
• $100M Mixed Use Project in northeast corner of Spruce Grove
• Create 2,670 jobs and generate $114.5M in employment income
Lakeridge - Overview, The Builder
Ridge Development Corporation

Doing business since 1967 (43 years)

Recent local projects
◦ Century Ridge - 167 Street and 100 Ave
◦ Vista Ridge- 100 Ave and 184 Street
◦ Mayfield Ridge - 106 Ave and 169 Street
◦ Whitemud Heights - 231 Street - 79 Ave

Specializes in condominium apartments
Lakeridge - Location
Spruce Grove which 30 kilometres west of Edmonton on Highway 16 .
• close proximity to all educational, shopping and employment amenities
• access to Highway 16 to the north and Highway 16A to the south.
• HIghways 16 and 16A link Edmonton to Stony Plain, Edson and Jasper.
• McLeod Avenue provides a direct link to City Centre and Century Road.
APT Investments
Lakeridge – Location, neighborhood
Lakewood is new subdivision located on the east side of Spruce Grove.
LakeRidge is located right across from park
APT Investments
Lakeridge – Location, neighborhood
Lakewood offers all the amenities and easy access to commuter arteries.
APT Investments
Lakeridge – Features, Interior
• Colonial style finishing – Oak cabinets
• 7 appliances (including in suite washer/dryer)
• Multi-panel doors
• Soft line wall corners
• Vertical blinds
• Upgraded textured ceilings
• Balcony (every suite)
APT Investments
Lakeridge – Features, Building
• 99 units; 4 stories; wood frame; concrete foundation
• 4th floor vaulted ceilings , 1st Floor above grade slab
• Two elevators service each floor
• Two parking per unit (1 u/g and 1 energized surface)
• Maintenance free exterior
• Radiant hot water heating in suites - forced air common area
• 5 year New Home Warranty
APT Investments
Lakeridge – Features, Construction
•
Acrylic Stucco exterior
•
22” depth web truss joint system
•
Vinyl double thermal glazed sealed
•
•
Sliding window units
Triple pane sliding patio doors
•
Balconies in every suite
•
•
Vinyl decking (Duradeck)
Aluminum railing (enamel finish)
•
Extra soundproofing
•
2 layers of drywall between ceilings and floors
APT Investments
Lakeridge - Features, photos
APT Investments
Lakeridge - Floor Plans, Site Map
APT Investments
Lakeridge - Floor Plans
APT Investments
Lakeridge - Floor Plans
APT Investments
Lakeridge - Floor Plans
APT Investments
Lakeridge – Floor Plans/Pricing
APT Investments
Lakeridge – Market Info
Major Alberta Development Projects
1053 major projects with a total value of $240.2
billion are either under way or have been
announced to start in the next two years in
Alberta. With over 70% of the projects occurring in
the north-central region, Edmonton is poised for
Avison Young 2010 Forecast
prosperity.
About Alberta's Economic Results, June 2010
Alberta’s economy has seen the highest rate of
economic growth in Canada over the past five years.
Alberta’s economy has increased 3.1% per year on
average, and experts believe that Alberta will
continue to lead the country in economic growth
over the long term.
APT Investments
Lakeridge – Market Info
• Spruce Grove one of the fastest growing
communities -- 6.5% growth per year for
the past 5 years.
• Higher personal per capita incomes, just
over 119% of the Canadian average
• Over 50% having either a college or
university education.
• 100,000 people within the immediate
trade area and over 300,000 within 20
minutes of downtown Spruce Grove.
• there are over 1,300 businesses licensed
in Spruce Grove.
APT Investments
Lakeridge – Market Info, CMHC Highlights
Residential sales reported by the Realtors Association of Edmonton (RAE)
increased by 22 per cent year-over-year in Q1 2010
CMHC forecasts price increases
• 3.9 per cent in 2010
• 3.6 per cent in 2011
40% decrease in multiple family dwelling starts in 2009 from 2008.
City of Edmonton reported for the first quarter show a 34 per cent
increase in the total value of building permits issued compared with
the first three months of 2009. Much of this year’s rebound has come
from residential and institutional activity.
APT Investments
Lakeridge - Market Info, Comparative Properties
Station 33rd
Lakeridge quality construction will
surpass the competitors.
260 Spruce Ridge
6 Spruce Ridge
240 Spruce Ridge
APT Investments
Lakeridge – Market Info, Residential Sales
Suite
Year
SF
240 Ridge
511 Queen
119
308
121
216
320
433
2008
2008
2008
2008
2008
2009
900
646
900
900
857
1075
$
$
$
$
$
$
199,900
199,900
189,900
187,500
209,900
328,950
300 Spruce Ridge
106
2008
1013
$
239,859 $
237
33 Station - Topaz
33 Station - Garnet
33 Station - Jade
322
432
307
2009
2009
2009
1006
904
804
$
$
$
225,900 $
228,900 $
205,900 $
225
253
256
Average $ SF
Asking Price
Price per
SF
$
222
$
309
$
211
$
208
$
245
$
306
Address
$ 247.24
APT Investments
Lakeridge - ROI
Property Worksheet
-
Legal Unit Number
Suite Number
57
308
Suite Type
B
2009 Appraised Value $
Base Purchase Price
Lake Ridge @ Spruce Grove, AB
West
Exposure
901
Square Feet
U/G Parkade
124
stall #
240
Surface stall #
222,000 (PSF = 246)
$
193,631
GST on Sale
$
Purchase Price
$
193,631
Price per Square Foot
$214.91
Projected Price/S.F.
@ Yr 5
$243.15
Cash Requirements
$
154,905
First Mortgage
$
Second
Mortgage
$
38,726
Down Payment
$
Purchase Price 193,631
80%
0%
APT Investments
Lakeridge - ROI
PRO FORMA RETURNS
This chart is for illustrative purposes only. No guarantee of the results as projected is provided.
Year
1
2
3
4
5
Totals (5 years)
Original
Investment
$38,426
$38,426
$0
$0
$954
$1,297
$1,651
Mortgage
Paydown
$0
$0
$2,725
$2,835
$2,950
Appreciation
***
$2,934
$3,054
$3,177
$3,303
$3,432
$3,902
$8,510
$15,900
Before Tax
$28,312
After Tax **
$21,183
73.7%
55.1%
14.7%
11.0%
Cash Distribution
Your total profit over 5 years
Your ROI (cash on cash return) 5
years
Your annual average ROI
* Assume the
property value
** A 36% marginal tax rate is used for for After Tax *** Assume property sale at end of year 5 (net
2.50%
increases per annum by :
calculation
of selling expenses)
APT Investments
Purchase Price - Unit 207
Less:
1st Mortgage financing
2nd Mortgage financing
Lakeridge -ROI
$
192,131
$
153,705
CASH REQUIRED AT CLOSING
$
38,426
Projected selling price at the end of year 5
Less:
Repayment of Mortgage(s)
Selling costs (brokerage)
$
217,379
$
$
145,195
9,348
NET PROCEEDS FROM SALE
$
62,836
Plus:
Cash distribtions rec'd (yrs 3-5)
$
2,949
Cumulative cash earned
$
65,785
Projected profit
$
27,359
ROI
$ 153,705
$
-
71%
Lakeridge
APT means Buying Right !
Building costs are their lowest in years - these
conditions will not last – take advantage – BUY RIGHT!











ONLY 25 PRESALE UNITS
Priced to sell @ 14% below appraisal
1 Year Lease starts at completion
Positive cash flow – 2 parking/ unit
RESERVE TODAY ONLY 10% down!
Quality Construction
Heated underground parking
Triple pane sliding patio doors
2 layers of drywall between
ceilings and floors
22” web truss joint system
Acrylic Stucco exterior
Extra soundproofing
Quality Finishes







In suite Laundry & storage space
Balcony (or patio in every suite)
Upgraded textured ceilings
Softline wall corners
Vertical blinds
7 appliances
Oak cabinets
APT Investments
Lakeridge
APT means Buying Right !
Building costs are their lowest in years these conditions will not last – take
advantage – BUY RIGHT!
RESERVE your unit TODAY
Reservation valid til August 15, 2010
Contract is assignable
Reservation forms are on the table –
waive deposit for tonight only
APT Investments