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Heartwood Trust
By:
Heartwood Investments
Heartwood Trust is an innovative private REIT that focuses on the development and long-term ownership of climate resilient, future-proof rental housing. The fund targets urban infill sites across the GTA and Southern Ontario through a proprietary portfolio, with a pipeline to expand nationally, aiming to address Canada's housing shortage and sustainability challenges.
Location
Ontario
Risk Profile
Moderate - High
N/A
Min. investment
$25,000
Investment Strategy
Opportunistic
Return
15.5% IRR
Horizon
Open-Ended or 5 Year Hold
Introduction
Heartwood Trust offers investors the opportunity to capture the value creation of development without the entitlement risk, with the option to hold stabilized assets for steady income distributions, and long-term capital appreciation. The fund utilizes low-rate CMHC financing, and energy-efficient design to generate attractive long-term returns while future-proofing assets against rising energy costs and evolving carbon regulations. Heartwood's strategy is centered on building high-quality rental communities designed to remain in its portfolio over the long term.
Key Reasons to Invest
Scalable Institutional-Quality Pipeline
14 secure projects, representing approximately 2,600 units and ~$1.6B in total project value. Assets are developed for long-term ownership, targeting stable cash flow and capital appreciation over time.
De-Risked Access to Development Value Creation
Investors participate in higher, risk-adjusted development returns with assets transferred to REIT at cost once planning and approvals are in place.
Climate-Resilient, Future-Proof Assets
The fund approaches climate-resilient design as a value driver. Energy efficient design and onsite clean energy contribute to lower utility bills and higher operating income, increasing asset value.
Data-Driven, Systems-Based Development Model
Heartwood is a vertically integrated in-house platform with dedicated data analytics and institutional intelligence. This compounding knowledge advantage helps control costs and enhance investor outcomes.
Strategic Access to Public Incentives
Access public incentives, including attractive CMHC financing at the Government of Canada bond yield guaranteed for the full amortization period by the government.
Project Overview
The Heartwood Trust is focused on the development and long-term ownership of a diversified portfolio of purpose-built multi-residential rental properties. The Trust's current portfolio consists of 14 secured projects representing approximately 2,600 housing units. Developments feature distinctive urban buildings, and complete livable communities to foster higher tenant retention. Energy efficient design lowers operating costs and protects against regulatory and climate risk. The strategy aims to generate returns through two main drivers: the value creation from the development and stabilization of the assets and the long-term rent growth and property value appreciation.
Location
The Trust is focused on urban infill opportunities in strategic urban markets in Canada. The currently secured 14-site pipeline is located across the Greater Toronto Area and Southern Ontario. Heartwood has proprietary access to additional pipeline and intends to expand into a diversified national portfolio of purpose-built multi-residential rental assets.
Multimedia
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Issuer Overview
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Heartwood operates as a vertically integrated investment manager and developer of multi-residential rental housing. The team implements a data-driven, systems-based approach to the full development lifecycle, from acquisition, through construction, leasing, and ultimately the long-term asset management. This integrated approach allows Heartwood to maintain greater control over execution, costs, timelines, and asset quality while aligning decisions with long-term ownership objectives and sustainability targets.