Trez Capital Private Real Estate Fund Trust | Series A, F, I
Net Asset Value1
$119.03
¹Based on F Series units effective March 31, 2024
Trez Capital Private Real Estate Fund Trust (TPREF) allows investors to maximize their real estate return by investing in a diversified basket of high-quality development projects located in some of the strongest real estate markets in the United States and Canada.
Fund Summary
| Fund Name | Trez Capital Private Real Estate Fund Trust |
| Launch | August 31, 2021 |
| FundServ Code | |
| F Series | TRZ610 |
| A Series | TRZ600 |
| Structure | Mutual Fund Trust |
| Currency | Canadian Dollar |
| Fund Type | Private Equity Real Estate Fund |
| Minimum Subscription | $25,000.00 CAD |
| Subsequent Subscription | $5,000.00 CAD |
| Purchase Frequency | Monthly |
| Eligibility | RRSP, RRIF, DPSP, RDSP, RESP, TFSA |
| Liquidity | T+20, please refer to Offering Memorandum for other important information |
| Registered Accounts | Yes |
| Target Returns | The objective of the Trust is to generate a total net return (including capital appreciation and income) on a tax efficient basis that exceeds 12.00% per annum over a ten-year hold period |
Net Asset Value (NAV)¹
2024
| Series² | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $115.43 | $116.07 | $116.34 | – | – | – | – | – | – | – | – | |
| F | $117.45 | $118.67 | $119.03 | – | – | – | – | – | – | – | – | – |
2023
| Series² | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $120.16 | $120.37 | $120.90 | $117.28 | $117.34 | $117.54 | $117.76 | $118.30 | $118.19 | $116.67 | $115.54 | $114.85 |
| F | $120.91 | $121.28 | $121.97 | $118.23 | $118.41 | $118.71 | $119.04 | $119.73 | $119.73 | $118.30 | $117.38 | $116.79 |
2022
| Series² | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | – | – | – | $108.67 | $109.32 | $109.32 | $109.92 | $110.87 | $114.99 | $116.85 | $116.95 | $117.02 |
| F | $103.04 | $103.39 | $108.04 | $108.67 | $109.32 | $109.51 | $110.12 | $111.17 | $115.42 | $117.38 | $117.58 | $117.73 |
2021
| Series² | August | September | October | November | December |
|---|---|---|---|---|---|
| A | – | – | – | – | – |
| F | $100.00 | $100.00 | $100.49 | $100.69 | $102.94 |
¹Trez Capital Private Real Estate Fund Trust was introduced on August 31, 2021. The Net Asset Value (NAV) per unit is calculated as of the last business day of each month and posted by the end of the first business day of the following month.
²A Series units were introduced on April 30, 2022.
Fees
| Management Fees1 | |
| F Series | 1.50% |
| A Series | 2.50% |
| Acquisition Fees | 1.00% of the purchase price, proforma cost, or capital commitment of any Trust investment. |
| Exit Fees | 0.50% of the sale price of any asset sold by the Trust, multiplied by Trust’s percentage ownership at sale. |
| Manager Participating Interest | 5.00% of any distribution or redemptions proceeds paid to any or all unitholders. |
1Of the Net Asset Value as calculated and payable on a monthly basis.
Minimum Investment
| Province | Minimum investment when relying on accredited investor exemption1 | Minimum investment when relying on offering memorandum exemption2 | Minimum Amount Exemption3 |
|---|---|---|---|
| Alberta | $25,000 | $25,000 | $150,000 |
| British Columbia | $25,000 | $25,000 | $150,000 |
| Manitoba | $25,000 | $25,000 | $150,000 |
| New Brunswick | $25,000 | $25,000 | $150,000 |
| Newfoundland & Labrador | $25,000 | $25,000 | $150,000 |
| Nova Scotia | $25,000 | $25,000 | $150,000 |
| Ontario | $25,000 | $25,000 | $150,000 |
| Quebec | $25,000 | $25,000 | $150,000 |
1 Accredited Investor Exemption: There is no regulatory minimum subscription amount for investors qualifying under the Accredited Investor Exemption. However, the minimum initial purchase amount established by the Manager is $25,000.
2 Offering Memorandum Exemption: There is no regulatory minimum subscription amount for investors qualifying under the Offering Memorandum Exemption. However, the minimum initial purchase amount established by the Manager is $25,000.
3 Minimum Amount Exemption (not available to individuals): The minimum initial subscription amount for investors qualifying under the Minimum Amount Exemption is $150,000 in each province listed above.
TREZ CAPITAL PRIVATE REAL ESTATE FUND TRUST is sold BY offering memorandum and is available to:
- Residents of British Columbia or Newfoundland & Labrador, who are provided with an offering memorandum and complete a risk acknowledgment form (45-106F4). Investment relies on the Offering Memorandum exemption.
- Residents of Ontario, Alberta, Saskatchewan, New Brunswick, Nova Scotia or Quebec who are provided with an offering memorandum and complete a risk acknowledgement form (45-106F4) with Schedule I and Schedule II (Classification of Investors and Investment Limits). Investment relies on the Offering Memorandum exemption.
- Residents of Manitoba or Prince Edward Island, who are provided with an offering memorandum and complete a risk acknowledgment form (45-106F4) and an eligible investor certification. Investment relies on the Offering Memorandum exemption.
- Residents who qualify as accredited investors and complete an accredited investor certification and a risk acknowledgement form (45-106F9 – for individual investors only). Investment relies on the Accredited Investor exemption. or; by investing a minimum of $150,000 (for entities only). Investment relies on the Minimum Amount exemption.
How To Invest
Units of the Trust may be purchased through your registered Investment Advisor. To purchase units in a non-registered account directly through Trez Capital, please contact Investor Services at:
investor-services@trezcapital.com
T: 604-689-0821
TF: 1-877-689-0821
Monday to Friday, 8:30am to 5:00pm PST
Fund Materials
TPREF - Fund Fact Sheet (A Series)
EN View/Download
TPREF - Fund Fact Sheet (F Series)
TPREF Fund Brochure
TPREF 2023 Year In Review
Subscription/Redemption Documents
FundSERV Brokers - Subscription Form (Individual)
FundSERV Brokers - Subscription Form (Corporate)
Individual Investor Application Form
Corporate Investor Application Form
Exempt Market Dealers – Subscription Form (Individual)
Exempt Market Dealers - Subscription Form (Corporate)
Redemption Request Form
Financial Statements
Audited Financial Statements
Offering Documents
