
The PHDMFT (Paul Hecht Developments Mutual Fund Trust) is a Private Equity Mutual Fund Trust designed for Canadians who want to invest capital in a structured, strategic and passive way - through highly targeted and intentional boutique Real Estate Developments in Western Canada that align with the current market’s needs.
Unlike a REIT which pools all projects together, an MFT provides investors with more control to decide which individual project they want to invest in.
Institutional-grade long-term capital projection tool
The PHDMFT (Paul Hecht Developments Mutual Fund Trust) is a Private Equity Mutual Fund Trust designed for Canadians who are want to invest capital in a structured, strategic and passive way - through highly targeted and intentional boutique Real Estate Developments in Western Canada that align with the current market’s needs.
Unlike a REIT which pools all projects together, an MFT provides investors with more control to decide which individual project they want to invest in.
Institutional-grade long-term capital projection tool


Conservative underwriting assumptions
Strategic project selection and alignment with market needs
Phased capital deployment through boutique and well selected projects
Defined exit strategies
Shorter timelines to allow for compounding of returns



Conservative underwriting assumptions
Strategic project selection and alignment with market needs
Phased capital deployment through boutique and well selected projects
Defined exit strategies
Shorter timelines to allow for compounding of returns
Conservative underwriting assumptions
Strategic project selection and alignment with market needs
Phased capital deployment through boutique and well selected projects
Defined exit strategies
Shorter timelines to allow for compounding of returns
Risk Management First
Every project is evaluated through a downside-protection lens before upside is considered.
Passive by Design
Investors are not required to source deals, manage tenants, or oversee construction.
Access to Development
Participate in opportunities that are typically not accessible to individual investors.
Aligned Interests
Our team is invested and rewarded alongside our investors.
Risk Management First
Emphasized with a ShieldAlert icon to represent the downside-protection lens.
Passive by Design
Investors are not required to source deals, manage tenants, or oversee construction.
Access to Development
Participate in opportunities that are typically not accessible to individual investors.
Aligned Interests
Our team is invested and rewarded alongside our investors.
The Wardlaw Collection is a boutique 9-unit luxury condo development where every unit comes with either a rooftop terrace or corner patio, 10’ or 18’ ceilings, kitchen pantries, storage and parking for every home. It is located in one of the most desirable residential neighborhoods in Kelowna, BC. The Land is already zoned UC5 for the proposed development which means no public consultation, rezoning applications or variance requests are required. The Project fits into the current allowable building envelope for height and set back allowance and the engineering requirement from Fortis BC have already been incorporated into the design, along with a preliminary letter which has already been received by the City of Kelowna for the development.
Highlights:
9 Luxury Condo Homes with 10' or 18' ceilings
Superior AAA Location
Large 2 & 3 Bedroom Luxury Homes for Maximum Return and Upscale Leasing (Approx 1600-2200 SF plus outdoor terraces)
Estimated Term: 30 months
Cash and Registered Fund Including RRSP, RRIF, LIRA, LF, TFSA & Spousal RRSP Eligible
Accredited and Eligible Investors, Business Associates, and Family/Friends*



This opportunity is ideal for investors who are passionate about structured and intentional real estate developments, and:
- Seeking to diversify and optimize your RRSP, RIF, LIRA, TFSA and cash portfolio with Real Estate assets.
- Investing in highly intentional boutique developments in very desirable neighbourhoods
- Not wanting to be a landlord, but interested in the benefits that real estate offers.
- Holding retained earnings in your corporation, have exited a business, have accumulated capital that is currently sitting idle in real estate or other assets.
- Leveraging experience through value structure, clarity, and professional execution.
- Diversifying your portfolio beyond stocks, bonds and mutual funds.
- Balancing risk across multiple projects and sectors within your portfolio.
It is a business structure to assist in raising investment capital and providing secure, dependable tax savings for both investors and developers. Our PHDMFT allows us to raise capital for multiple projects using only one MFT structure while isolating one project from another. MFTs allow investors to use their registered funds like RRSPs and TFSAs to invest into Private Equity Real Estate Opportunities that they may not have otherwise had the ability to participate in individually.
The PHDMFT (Paul Hecht Developments Mutual Fund Trust) specifically invests in private residential development projects. The Fund takes an ownership stake in the underlying projects with the Developer or Builder, and invests in the creation of new housing – condo development and/or purpose-built rentals. The Fund then shares in the profitability of the projects with its investors as a return, either through a debt offering or an equity offering, or a combination of both.
Every year Canadians contribute over $50 billion into RRSPs alone while the total value of TFSAs is close to $300 billion (source: StatsCan – 2020). Investors want to us their registered funds because many times, this is their only source of investment capital and when they receive income from their registered investments, they are either tax deferred (RRSP) or tax free (TFSA). MFTs are one of the most tax-efficient structures available, which means that cash (non-registered) investors still benefit from the flow-through nature of the MFT. For example, capital gains (low tax rate) are passed from the project through the MFT to the cash investor as capital gains.

The Wardlaw Collection is a boutique 9-unit luxury condo development where every unit comes with either a rooftop terrace or corner patio, 10’ or 18’ ceilings, kitchen pantries, storage and parking for every home. It is located in one of the most desirable residential neighborhoods in Kelowna, BC. The Land is already zoned UC5 for the proposed development which means no public consultation, rezoning applications or variance requests are required. The Project fits into the current allowable building envelope for height and set back allowance and the engineering requirement from Fortis BC have already been incorporated into the design, along with a preliminary letter which has already been received by the City of Kelowna for the development.
Highlights:
9 Luxury Condo Homes with 10' or 18' ceilings
Superior AAA Location
Large 2 & 3 Bedroom Luxury Homes for Maximum Return and Upscale Leasing (Approx 1600-2200 SF plus outdoor terraces)
Estimated Term: 30 months
Cash and Registered Fund Including RRSP, RRIF, LIRA, LF, TFSA & Spousal RP Eligible
Accredited and Eligible Investors, Business Associates, and Family/Friends*



This opportunity is ideal for investors who are passionate about structured and intentional real estate developments, and:
- Seeking to diversify and optimize your RRSP, RIF, LIRA, TFSA and cash portfolio with Real Estate assets.
- Investing in highly intentional boutique developments in very desirable neighbourhoods
- Not wanting to be a landlord, but interested in the benefits that real estate offers.
- Holding retained earnings in your corporation, have exited a business, have accumulated capital that is currently sitting idle in real estate or other assets.
- Leveraging experience through value structure, clarity, and professional execution.
- Diversifying your portfolio beyond stocks, bonds and mutual funds.
- Balancing risk across multiple projects and sectors within your portfolio.
It is a business structure to assist in raising investment capital and providing secure, dependable tax savings for both investors and developers. Our PHDMFT allows us to raise capital for multiple projects using only one MFT structure while isolating one project from another. MFTs allow investors to use their registered funds like RRSPs and TFSAs to invest into Private Equity Real Estate Opportunities that they may not have otherwise had the ability to participate in individually.
The PHDMFT (Paul Hecht Developments Mutual Fund Trust) specifically invests in private residential development projects. The Fund takes an ownership stake in the underlying projects with the Developer or Builder, and invests in the creation of new housing – condo development and/or purpose-built rentals. The Fund then shares in the profitability of the projects with its investors as a return, either through a debt offering or an equity offering, or a combination of both.
Every year Canadians contribute over $50 billion into RRSPs alone while the total value of TFSAs is close to $300 billion (source: StatsCan – 2020). Investors want to us their registered funds because many times, this is their only source of investment capital and when they receive income from their registered investments, they are either tax deferred (RRSP) or tax free (TFSA). MFTs are one of the most tax-efficient structures available, which means that cash (non-registered) investors still benefit from the flow-through nature of the MFT. For example, capital gains (low tax rate) are passed from the project through the MFT to the cash investor as capital gains.
