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Fortress Real Capital Investors in Flato's Markham Project Exit Early

Mar 18 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwire) -- 03/18/13 -- Flato Developments, a Markham based company and the title sponsor of the city's theatre, has added another winner to their growing list of successful projects. Their servicing work on a 46 lot project in South Unionville, called 'Helen Avenue', was scheduled for completion in full within 2 years of its launch in Fall 2011, with delivery of serviced lots to top builders. Savvy planning and hyper-efficient execution has 30% of the lots being delivered now, more than 6 months ahead of schedule.

"We're very conservative in our estimates and that allows us to plan well and ensure that we deliver on time and often well below budget," said Shakir Rehmatullah, President of Flato Developments. "We are very pleased with the progress of the site and are even happier for Fortress investors who are being rewarded with an early exit."

Toronto's population boom has created significant opportunities for both developers and builders looking to provide quality residences to buyers clamouring for hotly sought after inventory. This has meant new choices for investors to participate in these emerging 'alternative' markets by investing with top flight developers in premium areas. Fortress Real Developments, a Richmond Hill based real estate development company, has entered into over 30 active partnerships and joint ventures with some of Canada's top developers across the country. With projects in the Greater Toronto Area, Ottawa, Barrie, Regina, Calgary, Edmonton and soon Winnipeg, Fortress has emerged as a national leader in this space. "We're currently participating in over $2 Billion worth of active projects and are looking to expand and further diversify into new regions including the Prairies and Atlantic Canada as well as more asset classes, including commercial and multi-family residences," commented President and CEO, Jawad Rathore.

With over 90% of market share in the retail syndicate development mortgage investment market, the Fortress Real Capital product, offered by Centro Mortgage Inc., has become synonymous with success. "What's really exciting for investors is that they were already investing on a short timeline of twenty four months and earning interest monthly. To then receive an early exit and get capital back almost 6 months sooner than expected... what more could an investor want than to have their expectation exceeded so dramatically!" said Josh Will, Senior VP with Fortress Real Developments. As a licensed mortgage agent, Will speaks to investors regularly about available offerings and says the message he hears remains eerily consistent. "Investors want steady and consistent returns with protection of their principal. They want off the stock market roller coaster and want something tangible. When you return capital early and reduce their risk, you've done a great job and they've been rewarded and I'm thrilled for every lucky investor in this project."

Fortress Real Developments has three other sites on the go with Flato in Brampton that are all offered through Centro Mortgage as a Syndicate. "Flato is one of the best land developers that we have had the pleasure of working with and we really want to commend Shakir and his whole team for delivering such fantastic results. We can't wait to do more with them," gushed Rathore. With projects coming in under budget and providing early exits, investors are getting results they can take to the bank

About the Companies

Centro Mortgage Inc. - Centro Mortgage Inc., established in 2007, is a premier mortgage brokerage licenced in Ontario, Nova Scotia, Alberta & Saskatchewan. Centro's exclusively offers Fortress Real Capital, an RSP eligible syndicate mortgage product that allows a consumer to invest directly into the proven market of Canadian real estate by becoming a mortgage lender. For more information visit: http://fortressrealcapital.com.

Fortress Real Developments Inc. - Fortress Real Developments is a Canadian real estate development company that seeks out and analyzes opportunities in major Canadian markets. The company has placed their focus on quality projects with recognizable alpha in residential low-rise, high-rise, commercial and industrial project. For more information visit: http://fortressrealdevelopments.com.

Flato Developments Inc. - Flato is a recognized developer and builder of residential communities brimming with luxury extras as well as being Construction Manager for over a quarter of a million square feet of prime retail and commercial space, our success is built on unmatched quality, impeccable craftsmanship and timely delivery. For more information visit: http://flatogroup.com.



Contacts:
Media Contact
Fortress Real Capital
Natasha Alibhai
(905) 787-9266 ext 235
connect@fortressrealcapital.com
www.fortressrealcapital.com





Source: Marketwire