Built for Rent housing is a growing segment in the residential rental market that involves developing small villas and duplexes within a large planned community. The units have higher quality finishes, typically below high-end condos, but better than class A style apartments.Within the Phoenix market, Built for Rent communities are achieving large rent premiums relative to the high-quality traditional apartment competition.

The Maricopa Built for Rent is the first in a series of similar projects, the land is currently being rezoned and the construction will commence in 2021. CFP Group is a partner in this project.

Parkside Villas is a new construction project of 35 homes in the city of Chandler, Arizona – one of the fastest growing cities in the United States. It is located within a short driving distance from two Intel plants that employ more than 12,000 people. The land was purchased in 2019 and is currently being rezoned. The construction is expected to commence in 2021. Upon completion all properties will be sold to end buyers. The project is fully financed by CFP Group and our investors.

This 35 acres land parcel in the city of Maricopa (just South of Phoenix) was acquired in April 2019. The land is currently being rezoned and divided into six smaller lots that will be sold separately to home builders and operators of retail space. The project is fully financed by CFP Group and our investors.

Willo Residences is a new construction project of 28 homes in the heart of Phoenix downtown. It is located in the historic city neighbourhood called Willo and is the only such project in the area. The land was purchased in December 2019 and the construction commenced in August 2020. Upon completion all properties will be sold to end buyers who either want to move to Willo or to current Willo residents who want to upgrade to brand new homes. The project is fully financed by CFP Group and our investors.

This 60,000 square feet office building in downtown Phoenix was purchased in April 2019. The property is currently being renovated and converted to a mixed-use asset offering residential, commercial and retail space. The residential portion of the building will occupy three floors and will lead to an increased valuation. Upon completion the building will be either sold or refinanced and kept as an income producing property. The project is fully financed by CFP Group and our investors.

This 100,000 square feet office building in downtown Phoenix was purchased in February 2019. The property is currently being renovated and will place new tenants with higher rental rates. The building was also purchased with an attached covered parking that produces an additional income. The property has also an extra land that will be sold to return the invested capital. CFP Group and our investors are shareholders in this project led by True North Studio.

Cambria is a premium brand of Choice Hotels, one of the world’s largest hotel chains. The construction of Cambria Downtown Phoenix Convention Center began in September 2018 and the hotel opened its doors in December 2019 quickly becoming one of the top hotels for Choice. CFP Group and our investors are shareholders in this property developed by True North Studio.

Two land parcels in the city of Brantford (West of Toronto) were acquired in February 2020. The land is currently being rezoned to allow the construction of three rental apartment buildings. The project is currently under sale agreement to a local builder and the deal will close in November 2020. The project was fully financed by CFP Group and our investors. This deal was structured as an RRSP / TFSA investing opportunity and the partners in the project will enjoy receiving their returns free of income tax.

Aeries is a high end Built for Rent community in Scottsdale, Arizona. The project is centrally located with just steps away from Scottsdale Old City Center and includes 4 buildings with 4 units in each totalling 16 units. We began the construction in November 2017 and sold the fully rented community in October 2019 returning 47% of total profit (23.5% annually) to equity partners in the project.

South on 37th Street is a Built for Rent community in Phoenix, Arizona. The project is located in an upcoming neighbourhood, only 10 minutes from downtown Phoenix. The community consisted of 2 buildings with 6 units in each of the and 2 detached homes totalling 14 units. We began the construction in June 2018 and sold the fully rented community in September 2019 returning 41% of total profit (33% annually) to equity partners in the project.

Grove on Glendale is a Built for Rent community in Phoenix, Arizona. The project is located in an upscale neighbourhood in the Northern part of the city. The community consists of a variety of attached and detached buildings. The construction began in September 2018, our debt investors successfully exited the project in October 2019 earning 18% annual interest on their loans.