Project Information

• Total Units: 72 Units (Shovel-Ready)
• MLI Select Approved
• All With Legal Basement Suites
• Land Owned – No Acquisition Risk
• City-Supported Project
• Rental Shortage in Brooks, AB
• Employment-Driven Demand

Unit Mix

• 24 Duplexes = 48 units
  (3 bed 2.5 bath ~1,454 sqft + 1 bed 1 bath legal basement suite ~694 sqft)
• 3 Fourplexes = 24 units
  (2 bed 2.5 bath ~1,332 sqft + 1 bed 1 bath legal basement suite ~633 sqft)

Investment Overview

Joint Venture Partnership

Financial Highlights

• Projected Cash Flow: $26K-$28K/month (~$341K/year)
• Stabilized NOI: ~$1,176,000
• DSCR: ~1.37 – 1.41 (conservative underwriting)
• MLI Take-out Loan: ~$18M (50-year amortization)
• Construction Cost: ~$15M

Site is 2.46 Acres with two seperate titles. Site assembly or subdivision is supported as required.

Property Tax Incentive

• Year 1: 100% Exempt
• Year 2: 75% Exempt
• Year 3: 50% Exempt
• Year 4: 25% Exempt

Brooks Market Overview

Employment-driven market with severe housing shortage. JBS Foods employs 3,000+ workers year-round. Hundreds of workers currently bused daily from Medicine Hat due to lack of housing in Brooks. This is not theoretical demand — this is undersupplied, forced demand in a market actively seeking rental housing.

Best-performing rental investments come from undersupplied cities with real employment where people already live but housing is unavailable.