616 Strathcona Street, Winnipeg, Manitoba

Private Pension Partners Inc. (“P3“) is pleased to announce the partial interest acquisition of a well located and operated 122-unit multi-residential complex known as Hillsboro House by Private Pension Partners Real Estate LP (the “Growth fund“). Hillsboro House is located just one block off of Portage Avenue immediately behind the iconic Rae & Jerry’s Steakhouse restaurant. The complex is within walking distance to Polo Park Shopping Centre, one of Winnipeg’s most sought after destinations for shopping and entertainment. The complex is also in close proximity to other high demand amenities including restaurants, pubs & bars, coffee shops, shopping, and banks. With an excellent occupancy history, the residents living in this 8-storey high-rise building enjoy great views of the City, a seasonal outdoor heated pool, and underground parking. The complex is adjacent to Omand’s Creek which provides for a tranquil, quiet, and private style of living. P3 believes that this asset will continue to be appealing to a diverse tenant base from millennials to seniors and retirees. P3 considers Hillsboro House a value-added investment play with planned envelope, structural, and suite upgrades.

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