Yes, You Can Afford To Invest In Real Estate

Traditionally, Canadians save up a large pile of money for a down payment and live in the home they purchase. Investment beyond that – the kind that can build wealth – is often out of reach for the average person – particularly in metropolitan areas like Toronto or Vancouver. With prices continuing to climb over recent years, many people simply can’t even get their foot in the door to buy a starter home of their own.

I have been fortunate to be able to buy some real estate and have done well in that but I also had the luxury of buying 20 years ago and reaped the benefits of previous markets. Under today’s conditions, the same actions wouldn’t bear the same results. Starter houses are expensive and condos are getting more and more expensive and smaller at the same time.

Every day it seems to get harder and harder for the average person to get involved in the real estate asset class – it’s discouraging for many. The number of conversations I’ve had with friends and colleagues about being locked out of the market made me wonder why it had to be this way. 

For the past two years, we have been quietly building addy. A company that offers everyone the opportunity to become a homeowner through access to real estate investing at any amount, regardless of income, age, or other conflicts. addy is changing the game so that literally everyone has a chance to get into the market by reducing the barrier to entry to $1. 

We completed our first deal on Vancouver’s Trout Lake. It sold out to 305 investors in addy’s network. Investments ranged from $1 to $95,000, and the average investment was $4,551. Investors were spread across the country. It was the first of its kind in Canada.

Today, we are announcing our next investment property located at 45604 Airport Road that will launch on August 11. It is a commercial property leased 100% to Starbucks. addy members with funded wallets will be first in line to invest.

Why we love this property:

• Commercial property with a drive-thru and 32 shared parking stalls
• Freestanding building comprised of 2,147 SF new build retail
• 100% occupied by Starbucks with built-in rental escalations over the lease term
• It is located on the southwest corner of Airport Road & Yale Road, in the central region of Chilliwack, one of BC’s fastest-growing communities
• Experiences high exposure to vehicular traffic with counts of over 38,000 vehicles per day 

In addition to our forthcoming property launch, we are beyond thrilled to welcome the following people to addy’s leadership team:

• Jeff Booth, Co-Founder & Chairman - Entrepreneur, technology leader, author, and co-founder of BuildDirect. Jeff was named technology ‘Person of the Year’ in 2015 and in 2016 was listed as one of Goldman Sachs ‘100 Most Intriguing Entrepreneurs’.
• Steve Evans, Board Member - President of Sunstone Realty Advisors and Co-Founder and former CEO of Pure Industrial Real Estate Trust (formerly Canada's dominant "pure-play" industrial property REIT, founded in 2007 and traded on the TSX; sold to Blackstone in 2018 for $3.8B) and Pure Multi-Family REIT LP (a Canadian based vehicle offering exposure to institutional quality US multi-family real estate assets, founded in 2012 and traded on the TSX; sold to Cortland in 2019 for US$1.2B).
• Pascal Spothelfer, Board Member - Pascal has held senior executive roles, in both Europe and Canada, across industry sectors ranging from technology, not for profit organizations and academia, President & CEO of Genome BC since 2016.
• Keith Spencer, Board Member - Technology lawyer at a leading Canadian law firm, retired Co-Leader of the firm’s Start-Up & Emerging Company Services Group, recipient of The BC Tech Association’s “Bill Thompson Lifetime Achievement Award”, Board member of numerous emerging Canadian technology companies.
• Thuan Pham, Advisor - Former Chief Technology Officer at Uber. Prior to that, he was VP of Engineering at VMware, Westbridge, and DoubleClick. He holds a BS in computer science and engineering and an MS in EE/CS from MIT.

We have many more exciting things coming down the pipeline. But in the meantime, to learn more about addy, become a member of addy’s network, and invest in real estate, visit addyinvest.com. Join the @addyinvest community on Facebook, Twitter, YouTube, LinkedIn, and Instagram. Tune in to the addy podcast on iTunes and Spotify.

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Disclaimer

The information provided herein is for informational purposes only. It does not constitute or form any part of any offer or invitation or other solicitation or recommendation to purchase any securities. It should not be considered financial or professional advice. You should consult with a professional to determine what may be best for your individual needs.

Forward-Looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "intention", "will", "may", "can", and similar expressions are intended to identify forward-looking statements. Although addy believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since addy can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and addy does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.