At Millennium III we use our industry connections and years of experience to locate and secure quality properties in growth areas. Ideal acquisition targets feature characteristics such as
- Strategic location
- Quality tenants
- Buildings that require refurbishing
- Lower than market rents
- Distressed or absentee ownership
- Low cost relative to market
Millennium III carries out extensive market research to identify opportunities for growth. We target properties we believe will benefit from upcoming neighborhood redevelopment, infrastructure investment, and zoning changes.
Once we have identified a property that meets our criteria, the acquisition team carries out thorough due diligence, ensuring the leases are in order, there are no legal encumbrances, and the property is environmentally and structurally sound.
Our long standing relationships with various financial institutions help us secure financing for multimillion-dollar projects quickly, which can be of great advantage when purchasing real estate. Our large portfolio enables Millennium III to negotiate mortgages with better rates and terms than those available to individual investors.
In the current economic climate, where credit is restricted or unavailable to many businesses and investors, we are proud to be a preferred client of many of Western Canada's major financial institutions.