TORONTO, ONTARIO–(Marketwired – Aug. 19, 2015) – Evton Capital Partners sold three Yonge St. buildings to a pension plan backed buyer, successfully cycling product in the first Evton Real Estate Fund.
“We’re thrilled to crystalize impressive returns for our investors, this transaction puts us on track to achieving the 15% return target for this Fund,” said D’Arcy McGee President of Evton.
The three B office buildings occupy strategic corners along Yonge St. and generate significant ground level retail revenue further diversifying an already diverse office tenancy.
In keeping with the value-add strategy, Evton has actively managed the assets, more than doubling operating income over the last three years.
“We’re in the process of selling additional Fund properties and look forward to redeploying the capital.”
About Evton Capital Partners
Evton Capital Partners is a commercial real estate investment and management company based in Toronto. The company has successfully invested in $149 million of real estate over 32 acquisitions in Ontario and Alberta. Over Evton’s 20-year history, the weighted average investment return has exceeded 30%.
Evton continues to focus on acquiring and managing value add real estate for institutional and private investors.