WINNIPEG, MB – We are very pleased to announce the successful closing of the second equity raise for Feeder Two LP. With the targeted new equity of $8M fully subscribed, Feeder Two LP is now in a position to begin construction at 490 Shaftesbury Boulevard in early 2025. We extend our deepest gratitude to the various investors who have either increased their existing investment, or made their first equity contribution in this venture, helping us activate this exciting residential development property. This milestone reflects not only the strength of our partnership, but also the shared vision and confidence in the project’s expected potential. The limited partnership is targeting to reach stabilization and disposition within the next three (3) years, offering a clear path to value creation for all involved.
Feeder Two LP controls a multi-family rental development site located at 490 Shaftesbury Boulevard in Winnipeg, Manitoba offering a rare opportunity to construct a luxury, built-for-rent, multi-family property that will cater to individuals looking to live and age in place in the Tuxedo community, arguably Winnipeg’s most affluent neighbourhood.
ABOUT PRIVATE PENSION PARTNERS
The Private Pension Partners Group of Companies (P3 Group) provides a vertically integrated real estate platform including asset management, development, leasing, property management, and investment services. With more than a decade of sound investment, quality development, and strong management services, the P3 team controls $750 million of total assets, 1,700 apartment units under management or development, and 450,000 SF of commercial space either owned by P3 or third-party pension-grade clients.
For more information about Feeder Two LP, please contact Tom Toni, Vice President, Investments, for Private Pension Partners Investments.
Tom Toni
Vice President, Investments
E: Tom@privatepensionpartners.com
