The PhDMFT (Paul Hecht Developments Mutual Fund Trust) is a Private Equity Mutual Fund Trust. Using one structure and creating different silos, the Fund allows investments for multiple projects to be isolated from one another. 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.

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Estimated Term Length

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PROJECT WARDLAW

Private Equity Opportunity

The Wardlaw project is an 11 unit Luxury Condo buildings with rooftop decks and patios in one the most desirable neighborhoods available in Kelowna, BC. The land is already zoned UC5 for the proposed development. Meaning there is no need for public consultation, rezoning applications, or other variances. The project fits into the current allowable Building Envelope for height and set backs and our engineering requirement and Fortis BC requirement have already been approved, along with the Preliminary letter which has already been received by the City of Kelowna for the development.

Highlights

11 Luxury Condo Homes
Superior AAA Location
Large, 2 & 3 Bedroom Homes for Maximum Return and Upscale Leasing
Estimated Term: 30 months
Cash and Registered Fund Including RRSP, RRIF, LIRA, LF, TFSA & Spousal RP Eligible
Accredited Investors, Business Associates, and Family/Friends Eligible*

Our Team

Our trusted investor team, committed to your growth.

Paul Hecht

Project Scout

Paul M. Hecht is an investor, developer, speaker and Best-Selling Author of EVERYDAY Real Estate MILLIONAIRES TM How Average People REALLY Do It, formerly Canadian Real Estate Wealth Magazine’s “Ask the Expert” columnist and now Real Estate Trainer for celebrities like Scott McGillivray of HGTV’s Income Property. He has directly participated as a principal in selling, leasing, investing and developing Real Estate for over 20 years. From flips, rentals, rent-to-owns, assigning contracts, pre-foreclosures, condo conversions and multi-family rentals and developments.

Kathryn Harold

Investor Relations

After changing direction from Premed to pursuing a career in business, Kathryn led the growth and development of two private transportation companies and is now the CEO of two Real Estate Investment Corporations. She has acquired multiple rental properties, completed luxury new builds and numerous renovations both personally and via Joint Ventures. Kathryn has a rich knowledge of single-family homes, presale condos, renovations, design and Private Lending. She is a business connector and genuinely interested in people. Therefore, Kathryn’s skills, experience and abilities were a natural fit to assist in the growth and development of the PHDMFT team.

Constance Foster

Investor Relations

Constance Foster possesses an innate understanding of real estate development. Armed with a degree in Business & Marketing from BCIT, she has forged a successful path, from founding and selling a startup to adeptly managing renovations, private lending, and land development projects. With a talent for fostering relationships and creating mutually beneficial outcomes for investors, Constance has raised over $20 million for her projects and her investors, managing construction budgets of up to $60 million. Overseeing a diverse portfolio of short-term and long-term rentals, her ventures in land development have significantly contributed to the growth of new housing in British Columbia’s real estate market.

FAQs

Who Should Invest?

This opportunity is ideal for investors who are passionate about real estate and interested in:

Not wanting to be a landlord, but interested in the benefits that real estate investment offers.
Investing in the Canadian real estate market, passively.
Generating wealth through real estate development.
Leveraging those with more experience to find, fund and manage the investments.
Diversifying your portfolio beyond active real estate, stocks, bonds and mutual funds.
Spreading your investments across multiple projects.
Using Registered Funds (RRSP, RIF, LIRA, LIF, TFSA) to invest in real estate.

What is an MFT?

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.

Why is it attractive to invest into an MFT?

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.