Legend Real Estate Trust

Real Estate
Guelph, Ontario, Canada
5198305387
amanda@legendinvestments.ca
Legend Real Estate Trust
Legend Real Estate Trust

$1,301,190.00

43%
 
Funded Of $3,000,000.00 Goal
43.37% Raised
Equity Growth Offer. Structure
216 Days Days Left
$10,000.00 Min. investment
$1,698,810.00 Max. investment
N/A Minimum Raise
N/A Maximum Raise

Offering Description

Registered Investment Disclaimer

If you are investing with a registered account (ex. TFSA, RRSP, etc.), we are here to help.

Please email invest@equivesto.com BEFORE starting a transaction with the details so we can activate your account.

The system will default to a Cash investment if Equivesto is not notified prior to investing.

Click here to learn more about the TFSA/RRSP investment process and associated trust account fees.

 

Offering Terms

NOTE: You will need your Bank Account Number, Transit Number, and Institution Number to Invest.

This offering is for Accredited Investors and Eligible Investors Only

This Offering is TFSA/RRSP Eligible.  PLEASE SPEAK TO EQUIVESTO before investing if you wish to invest via TFSA/RRSP.

Investors invest into Legend Real Estate Trust.  The Trust plans to invest its funds into Legend Master LP.  The Legend Master LP will then invest into each LP associated with individual projects.  

Investment Term: Evergreen Open Ended Mutual Fund Trust, Redeemable upon request, subject to fees and terms.  See Offering Memorandum section 5.5 for details.  

Securities: Class A Trust Units

For Both Accredited & Eligible Investors

Minimum Subsctiption Amount: CAD $10,000

Subscription Price: CAD $10.00 per Unit

Offering Size: There is no maximum or minimum offering size.

Target Fund Size: No Maximum fund size

Target Returns: The Trust has a preferred return of 8% per annum with cash flow paid quarterly.  The Trust is targetting an overall annual return net of fees of 15-20% per annum.  

Investor Relations: Quarterly Investor Reports / Annual Audited Financial Statements

Please note these outlined returns and distributions are targets only, and the General Partner makes no assurances that the partnership will meet these targets.  

This is a shortened summary of the investment offering, and does not contain all details.  Please review the Limited Partnership Agreement, Offering Memorandum and Term Sheet (both attached to this offering page) in detail prior to investing.  

Forward Looking Statements Disclosure

The information contained within this offering page and related presentations constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) sources, availability, and the use of proceeds from third-party financing for the Company’s projects; (iii) the expected development of the Company’s business, projects, and partnerships; (iv) execution of the Company’s vision and growth strategy; and (v) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. 

These statements should not be taken as guarantees of future performance, and undue reliance should not be placed upon them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. 

Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. 

Please review the Issuer’s Business and Risks sections of the Offering Document or Offering Memorandum if available for full explanations of the material factors, assumptions used and risks. 

The forward-looking statements have been approved by management as of the launch date of this offering.

04/05/2024
Project launched

04/05/2024

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Legend Real Estate Trust is Live on Equivesto!

Exciting news! Legend Real Estate Trust is officially live. 

Watch our announcement video here! 

Now is your moment to begin building effortless wealth through high-value real estate investments with Legend Real Estate Trust.

START INVESTING TODAY >

 

As we kick off this campaign, our primary goal is to secure funds for the acquisition of our flagship property, 144 Lucan Avenue, in Waterloo, Ontario. 

With your support, we aim to establish a foundation for long-term success and prosperity, expanding our trust’s portfolio as we grow as a company. 

 

Driving Growth and Value

At Legend Real Estate Trust, we aim to deliver targeted annual returns of 15- 20%* through two key avenues:

1) Cash Flow: Investors purchase shares at an entry price, participating in our diverse property portfolio’s rental income. With our 8% Preferred Model, investors receive their returns first, ahead of Legend Operations Inc. Any surplus is then shared between investors and Legend Operations Inc. We also offer a Dividend Re-investment Program (DRIP), allowing investors to reinvest cash flow directly into Legend Real Estate Trust at a discounted price.

2) Equity: As mortgages on properties are paid down, and the market values rise, the overall equity in our portfolio grows, translating into higher share values realized upon redemption. 

Through these avenues, we provide investors with multiple ways to realize robust returns, capitalizing on both immediate cash flow opportunities and long-term equity growth.

To review the terms of the investment offering, visit our campaign page on Equivesto

*Targeted returns of 15-20% are not guaranteed and involve risk, including loss of principal. Past performance is not indicative of future results.  

 

Why Choose Legend Real Estate Trust?

> Access to luxury real estate in Tier-1 Ontario markets. 

> A passive, impactful investment solution offering 
long-term growth. 

> Direct investment opportunities that are RSP, TFSA, and LIRA eligible.

INVEST IN LEGEND NOW >

 

Who Can Invest? 

As a reminder, only Eligible and Accredited Investors can participate in this opportunity. 

 

Eligible Investor

An Eligible Investor includes but is not limited to either:

1) A person whose net financial assets, alone or with a spouse, in the case of an individual, exceeds $400,000.

2) A person whose net income, alone before taxes exceeded in each of the two most recent calendar years and in the current year as well, $75,000.

3) A person with a spouse whose net income exceeded in each of the two most recent calendar years and the current year as well $125,000.

4) A partnership in which all partners are Eligible or Accredited Investors.

The maximum limits for an Eligible Investor are set based on your personal financial situation but are limited by the government to a maximum of $100,000 of private investments per 12 months.

 

Accredited Investor

An Accredited Investor is a wealthy person who passes a financial asset test. A summarized version of the test is that the individual needs either:

1) A minimum of $1,000,000 in net financial assets either alone or with a spouse (excluding all real estate and other liabilities). 

2) Have had for the past two years and a current ongoing salary of over CAD $200,000 alone, or CAD $300,000 when combined with a spouse.  

3) A minimum of $5,000,000 in assets either alone or with a spouse. 

4) To be an individual registered under the securities legislation of a jurisdiction of Canada as an Adviseror Dealer qualifies as an Individual AI

Accredited Investors do not have maximum investment limits.

 

Important Considerations: 

> Your maximum investment amount is based on a suitability assessment and can be up to 25% of your net financial assets for Eligible and Accredited investors. You can contact Equivesto at support@equivesto.com to discuss your limits. 

> The maximum limits for an Eligible Investor are set based on your personal financial situation but are limited by the government to a maximum of $100,000 for private investments per 12 months in all private Offering Memorandum Investments. Consider this $100,000 limit if you are planning to invest into more than one fund.  

> Accredited Investors have no maximum investing limit once the risks are understood.

> Learn the value of your net financial assets using Equivesto’s Financial Assets Calculator.

 

Ready to Get Started?

To complete your investment in Legend Real Estate Trust, 
you must open an account with Equivesto.

Follow this step-by-step guide to opening your account and complete your investment through Equivesto: How to Invest in Legend on Equivesto
 
 

Be Among the First: Invest Now 

To secure your spot in this exclusive opportunity, act fast. Our offering is on a first-come, first-served basis, with our initial closing date set for April 30th

To secure your shares, we advise you to complete your investment by April 23rd.

INVEST NOW >

 

Join Our Launch Webinar!

Take a Deep Dive with Legend’s Executive Team 


Join our Legend Launch webinar on April 11th at 1:00 p.m. EST where we’ll dive deeper into our vision and answer any questions you may have about investing in Legend through Equivesto. 
 
Register now to secure your spot! 

REGISTER HERE >

 

Thank You for Your Support! 

We want to extend our sincerest gratitude to those who were on the waitlist and for your continued support. Your trust means everything to us.

As we embark on this journey together, we look forward to keeping you updated on the progress of the Lucan property acquisition, the success of the raise, and future investment opportunities. 

We look forward to welcoming you as our founding investors, 

 

Marty Gordon

CEO, Acquisitions Manager

Amanda Bouck

COO, Investor Relations

Read More

04/10/2024

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Don't Forget to Register! Legend's Launch Webinar is Tomorrow

We’re reaching out to remind you that our highly anticipated Legend Launch Webinar starts tomorrow! 

This is your chance to gain exclusive insights directly from our executive team and learn how Legend can help you achieve your financial goals through passive investments in premium real estate.

 

Why Attend?

  1. Get Insider Knowledge: Dive deeper into the vision and mission of Legend Real Estate Trust straight from our executive team. Learn about our investment strategies, targeted returns, and future plans.
  2. Q&A Session: Have any burning questions about real estate investing or investing in Legend specifically? Our team will be available to answer all your questions live during the webinar.
  3. Early Bird Advantage: Be among the first to receive valuable information and potentially gain an edge in securing your investment with Legend.

 

Webinar Details:

  • Date: Tomorrow, April 11, 2024
  • Time: 1:00 p.m. EST
  • Duration: Approximately 1 hour

 

Secure Your Spot Now! >> Register to Attend

Don’t miss out on this opportunity to position yourself for financial success with Legend Real Estate Trust. Secure your spot now and mark your calendar for tomorrow’s webinar!

If you have any questions or need further information, feel free to reach out to us at amanda@legendinvestments.ca.

 

Talk soon,

The Legend Real Estate Trust Team

Read More

04/12/2024

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Missed Legend’s Launch Webinar? Watch the Recording!

Did you miss our Legend Launch Webinar yesterday? Don't worry, we’ve got you covered! You can now catch up on all the valuable insights shared by our executive team by watching the webinar recording.

 

Watch the Recording Here!

 

Webinar Recap: Why Invest in Legend

Here's a quick recap of what we covered during the webinar:

1) Premier Investment Opportunity: We discussed our targeted annual returns of 15-20% and 8% preferred return* and how we’re poised to deliver long-term value for our investors.

2) Simplified Investment Approach: We discussed how Legend makes high-value real estate investments simple and accessible. From passive investing to RRSP, TFSA, and LIRA eligibility, we offer diverse investment options tailored to your financial goals.

3) Personalized Investor Engagement Experience: We provided personalized support and guidance to kickstart your investment journey with Legend.

4) Extensive Industry Experience: With our experience in the industry, we discussed our process of selecting high-quality properties that offer both capital appreciation and above-average income.

5) Mission-Driven Ethical Investing: We spoke about how our approach addresses critical housing needs in Canada while delivering profitable and stable returns for our investors.

 

>> Watch the Recording Now!

 

Ready to Invest in Legend?

If the webinar caught your interest and you’re eager to start your journey toward financial success with Legend Real Estate Trust, now is the perfect time to act.

 

>> Invest in Legend Today!

 

Don’t miss out on the opportunity to secure your spot and become part of our growing community of investors. If you have any questions or need assistance, feel free to reach out to us at Amanda@Legendinvestments.ca or book at call with Legend here.

Thank you for your interest in Legend Real Estate Trust. We look forward to welcoming you as an investor!

 

Best regards,

The Legend Real Estate Trust Team

Read More

04/16/2024

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Explore Legend’s Flagship Property: Lucan Avenue

We’re thrilled to introduce you to the inaugural property in our REIT: 144 Lucan Avenue, located in the heart of Waterloo, Ontario. This premier investment opportunity is poised to excel, and we’re excited to share all the details with you.

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Property Overview

  • Acquisition Details: Purchased at $21,500,000 with a targeted closing date of June 2024.
  • Property Profile: This Tier-1, 60-unit apartment building has undergone a complete renovation and is turnkey-ready for investors.
  • Strategic Advantage: 50% of the building is exempt from Ontario rent increase guidelines, providing stability and potential for increased returns.
  • Investment Metrics: With a Purchase CAP Rate of 5.3%, 144 Lucan Avenue presents a lucrative opportunity for investors seeking consistent cash flow and capital appreciation.

 

Invest in Lucan Avenue Today

>> Invest Now!

 

Market Opportunity

We’re strategic in selecting the locations for our properties, carefully choosing areas with promising growth potential and strong economic fundamentals. Waterloo, Ontario, exemplifies this approach perfectly. It’s a thriving hub for technology, education, and innovation. With a strong economy, growing population, and increasing demand for rental properties, Waterloo presents an attractive investment landscape for real estate investors.

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Diversification and Efficiency

Investors in Legend can benefit from a diversified portfolio strategy. Funds will flow through the Trust and be strategically allocated across various properties, including 144 Lucan Avenue. This ensures operational efficiency and maximizes returns for our investors.

 

Don’t Miss Out: Invest in Legend Now

144 Lucan Avenue is just the beginning of an exciting journey with Legend Real Estate Trust. Join us in unlocking the potential of this flagship property and positioning yourself for financial success.

If you have any questions or need further information, feel free to reach out to us at Amanda@Legendinvestments.ca. We’re here to support you every step of the way.

 

Best regards,

The Legend Real Estate Trust Team

Read More

04/17/2024

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Legend Raises $500K+ in First Week! Secure Your Investment Now

We’re thrilled to share some exciting news with you – Legend Real Estate Trust has raised $500K+ in just the first week of our campaign! 

We want to extend a massive thank you to all our investors who have contributed to this incredible milestone.

 

Your Support Makes It Possible

It’s your trust and support that drives us forward. We’re deeply grateful for your belief in our vision and commitment to building effortless wealth together, and we are now one step closer to securing our flagship property, 144 Lucan Avenue

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Share The Opportunity

But the journey doesn’t stop here! We believe in the power of community and the strength of shared success. That’s why we're inviting you to spread the word about Legend Real Estate Trust and share this unique investment opportunity with your network.

>> Share Our Campaign Page!  

By sharing Legend’s opportunity with your friends, family, and colleagues, you not only help them secure their financial futures but also contribute to the growth and success of our community.

 

Invest Now Before The First Close

With the momentum building and funds pouring in, now is the perfect time to secure your investment in Legend Real Estate Trust before it’s too late. Take advantage of this exclusive opportunity to become part of our success story and position yourself for financial prosperity.

 

Ready To Invest?

>> Invest Now!

 

If you have any questions or need assistance with your investment, don’t hesitate to reach out to us at Amanda@Legendinvestments.ca and be sure to review our step-by-step guide to investing on Equivesto. We’re here to help you every step of the way.

 

Don’t forget to register for our next webinar in May!

Thank you once again for your unwavering support and belief in Legend Real Estate Trust. 

 

Best regards,

The Legend Real Estate Trust Team

Read More

04/20/2024

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10 Days Until Legend’s First Close!

This is your friendly reminder that the opportunity to join Legend's groundbreaking $3M close is rapidly approaching. We're just 10 days away from our first close on April 30th!

To ensure you’re a part of this round, we advise you to complete your investment by April 23rd.

 

>> Invest Now!

 

Become One of Our Founding Investors

To assist you in the investment process, we've prepared a comprehensive guide on how to invest with Legend. Whether you're a seasoned investor or new to the process, our step-by-step guide will help you every step of the way.

 

A Friendly Reminder: Investing Through Your RRSP 
If you are investing with a registered account (TFSA, RRSP, etc.), please email support@equivesto.comBEFORE starting a transaction so we can activate your account.

The system will default to a cash investment if Equivesto is not notified prior to investing. Click here to learn more about the TFSA/RRSP investment process and associated trust account fees.

 

Stay Tuned for More Information

Stay tuned for more updates as we count down to our first close. In the meantime, if you have any questions or need further information, feel free to reach out to us at Amanda@Legendinvestments.ca or book a call with our team.

 

Legend’s Launch Webinar Recap

Don’t forget to watch a recap of our Launch Webinar, out now!

 

Talk soon,

The Legend Real Estate Trust Team

Read More

04/23/2024

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Invest Today: Supercharge Your RRSPs With Legend

Are you looking to supercharge your retirement savings and maximize your investment returns? Legend Real Estate Trust offers an unparalleled opportunity to use your registered funds to achieve financial success through strategic real estate investments.

 

Why Choose Legend Real Estate Trust for Your RSPs?

REITs like Legend are ideal options for RRSPs due to their:

Stability: REITs are known for their stability and consistent returns over time, making them an excellent choice for retirement savings.

Diversification: REITs provide investors with exposure to a diversified portfolio of properties, reducing risk and enhancing long-term growth potential.

Income Generation: REITs typically distribute a significant portion of their income to investors in the form of dividends, providing a steady stream of cash flow for retirement.

 

Investor Fund Management Strategy

Legend serves as the central hub for investor funds, strategically allocating them across a diverse portfolio of properties. As our properties generate profits, returns flow back to the Trust, ensuring investors reap the benefits. This efficient flow of funds is managed through Legend's operational arms, providing investors with a hassle-free investment experience.

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Unlock the Potential of Registered Funds

Did you know that you can take control and self-direct your registered accounts, empowering you to make strategic investment decisions that align with your financial goals?

 

Invest in Legend Real Estate Trust:

> Minimum $10,000 investment

> Cash accepted

> RRSP, TFSA, and LIRA eligible

Maximize the potential of your RRSP with Legend Real Estate Trust.

 

>> Invest Now!

 

Don’t miss out on the opportunity to maximize your returns and secure your financial future with Legend Real Estate Trust. If you have any questions or need assistance, feel free to reach out to us at Amanda@Legendinvestments.ca

 

Best regards,

The Legend Real Estate Trust Team

--

This content is provided for informational purposes only. This is not a solicitation to purchase securities. Equivesto Canada Inc. is registered as an Exempt Market Dealer in all provinces and territories of Canada. Equivesto Canada Inc. maintains the right to approve any investor client or issuer client prior to being given access to the Equivesto platform. All private investments are considered high-risk. Please review all related offering materials prior to making any investment if and when an investment is to be made available.

Read More

04/25/2024

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Legend Surpasses $1M in Investments! Invest Now!

We’re thrilled to announce another significant milestone – Legend Real Estate Trust has now raised over $1 million and counting!

Your support and commitment are instrumental in our success, and we're grateful for your trust in Legend.

 

Use of Investor Funds 

The funds raised will fuel our progress toward the acquisition of 144 Lucan Avenue in Waterloo, Ontario. With your ongoing support, we're one step closer to realizing our vision for this flagship property.

 

Opportunity to Invest

If you haven't already invested or are considering increasing your investment, there's still time to join us on this exciting journey. To ensure your part of this round, we advise you to complete your investment by April 30th

 

>> Invest Today!

 

Need Help Investing? 

We’ve crafted a comprehensive step-by-step guide to walk you through the investment process. Act now and secure your spot before it's too late.

 

A Gentle Reminder: Utilizing Your Registered Accounts

If you're planning to invest through a registered account (such as your TFSA or RRSP), please reach out to us at support@equivesto.com BEFORE initiating your transaction. It's crucial to activate your account beforehand to ensure a seamless investment process. If you do not notify Equivesto before investing, the system will default to a cash investment.

Click here to learn more about investing through your TFSA/RRSP and the associated trust account fees.

 

Don't Miss Our Webinar Recap

If you missed our live webinar, don't worry! Catch up on all the valuable insights and information by watching the recap here.

 

Get in Touch with Us

Do you have questions or need assistance with your investment in Legend? Reach out to us at Amanda@Legendinvestments.ca or schedule a call with our team. We're here to support you every step of the way.

 

Lucan’s Closing Update 

Stay tuned for updates on the closing process for 144 Lucan Avenue. We'll share insights and progress as we move closer to finalizing the acquisition. 

Thank you for being an integral part of Legend. Keep an eye out for more updates and opportunities to invest soon!

 

All the best,

The Legend Real Estate Trust Team

Read More

04/25/2024

Offering Memorandum Minor Correction - April 25, 2024

Legend Real Estate Trust made a minor adjustment to their Offering Memorandum to correct some typos in the document.  These changes are not material in nature, and the changed pages are attached with the changes highlighted for investor reference.

These changes do not impact your investment in any way.  No action is required on the part of investors.  

If you have any questions please contact support@equivesto.com 

Read More

04/27/2024

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Only 3 Days Left: Final Call Before First Close!

There's only 3 days left until our first close on April 30th!

The window of opportunity to invest in Legend’s initial $3M raise is closing fast, and we want to make sure you don't miss out.

 

>> Invest Now!

 

Need Help with the Investment Process?

To assist you in the investment process, we've created a comprehensive how-to guide that will help you every step of the way. Don't let this chance slip away. Act now and secure your investment before it's too late.

 

A Friendly Reminder: Investing Through Your RRSP 
If you are investing with a registered account (TFSA, RRSP, etc.), please email support@equivesto.com BEFORE starting a transaction so that we can activate your account.

The system will default to a cash investment if Equivesto is not notified prior to investing. Click here to learn more about the TFSA/RRSP investment process and associated trust account fees.
 

Don't Forget to Watch Our Webinar Recap

If you weren’t able to attend our live webinar, watch the recap here!


Reach Out to Us

Contact Amanda@Legendinvestments.ca or book a call with our team for any help you may need investing in Legend or any general questions you may have.

Let's make history together!

 

Best regards,

The Legend Real Estate Trust Team

Read More

05/07/2024

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Legend's First Close: Thank You for Your Support!

We're excited to announce that Legend has officially closed its first round of funding, with $1.2M+ raised! 

 

We Can’t Thank You Enough

A huge thank you to all the investors who contributed to this milestone. Your support and belief in our vision mean the world to us.

 

Use of Funds

These funds will be utilized to acquire 144 Lucan Avenue in Waterloo, Ontario accelerating our progress towards this exciting milestone. With each new raise, we're one step closer to making Lucan a reality.

 

The Journey Doesn’t End There!

We're continuing to accept investments throughout May, and the funds raised in the close at the end of May will also be used for the 144 Lucan Avenue acquisition.

 

>> Invest Now!

 

Investor Support and Resources

If you plan on investing in Legend, we want to ensure you have all the resources you need to make an informed decision. Here are some resources to ensure investor success:

How to Invest Guide: If you're new to investing with us, check out our comprehensive guide.

Webinar Invitation: Join our upcoming webinar om Thursday May 9th @ 1 pm EST  to learn more about exciting investment opportunities with Legend.

Investor Resources: If you're planning to invest through a registered account (such as TFSA or RRSP), please reach out to us at support@equivesto.com BEFORE initiating your transaction. If you do not notify Equivesto before investing, the system will default to a CASH investment.

Click here to learn more about investing through your TFSA/RRSP and the associated trust account fees.

 

Contact Us Anytime

If you have any questions or need assistance with your investment in Legend, please don’t hesitate to reach out to us at Amanda@Legendinvestments.ca or schedule a call with our team

Thank you again for your support and trust in Legend. We look forward to securing the necessary funds for our flagship project and having you join us to reap the benefits.

 

Best regards,

The Legend Team

Read More

05/10/2024

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Missed Our Most Recent Webinar? Watch the Recording!

Did you miss our recent webinar? No problem! You can catch up on all the insightful discussions from our latest webinar by watching the recording now.

 

>> Watch the Recording!

 

Webinar Recap: Benefits of Investing in Legend

Here's a brief overview of what we discussed:

  • Exciting Investment Opportunity: Discover how you can achieve targeted annual returns of 15-20%, which includes an 8% preferred rate of return*, making Legend an attractive choice for long-term value.
  • Simplified Investing: Learn how Legend makes real estate investments easy and accessible. Whether it's passive investing or utilizing registered accounts like your RRSPTFSA, and LIRA, we offer diverse options tailored to your financial objectives.
  • Personalized Support: Hear us discuss our commitment to providing personalized guidance to help kickstart your investment journey with Legend.
  • Extensive Industry Expertise: Benefit from our extensive industry experience as we discuss our rigorous process of selecting high-quality properties that offer both capital appreciation and above-average income.

 

>> Watch the Recording Now!

 

Ready to Invest in Legend? 

If the webinar piqued your interest and you're ready to take the next step with Legend Real Estate Trust, now is the perfect time to take action.

 

>> Invest Now!

 

Reach Out to Us

Don't miss out on the opportunity to secure your spot and join our growing community of investors. For any questions or assistance, feel free to reach out to us at Amanda@Legendinvestments.ca or book a call with our team.

Thank you for your interest in Legend Real Estate Trust. We're excited to have you on board!

 

Best regards,

The Legend Team

Read More

05/15/2024

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Your Top Investment Questions Answered

We understand that investing in real estate can raise some questions. Here are the most common questions investors have asked us, and we’ve answered.

 

Investing with Registered Funds 

 

I want to invest with my registered funds, but I only see an option for cash. What can I do?

If you're investing with registered funds, the Equivesto system defaults to cash. Email support@equivesto.com to adjust your account. Be sure to specify your account type (TFSA, LIRA, RRSP, etc.) and mention if you have an existing Olympia Trust account.

 

If I’m investing with registered funds, am I required to open and use an Olympia Trust account?

Yes, you can use an existing Olympia Trust account or open a new one, either way, you will need to open one to invest. Opening an account with Olympia Trust is built into the Equivesto process, they will help you through the process and assist with account setup.

 

I want to invest with some cash and some registered funds, is this allowed?

Yes, absolutely. Communicate this information to the Equivesto team at support@equivesto.com, and they will support you through both transactions.

 

My spouse and I both want to invest. Do we each need an Equivesto account?

Yes, you both need to open separate Equivesto accounts and invest individually.

 

Timing and DRIP

 

If my funds aren’t available yet, can I invest later in Legend?

Absolutely, Legend is an evergreen fund, which means we will continuously grow our portfolio and raise funds. It’s always advantageous to invest as soon as you can to benefit from the returns and get in from the get-go.

 

How does the DRIP program work? Can I change my mind about the DRIP program after initiating the investment?

Yes, you can change your participation in the DRIP program at any time. DRIP stands for ‘Dividend Reinvestment Program’. If you select this option, your quarterly cash flow payment (projected 8% annual preferred return) will be reinvested into Legend.

Note: Targeted returns are not guaranteed and involve risk, including loss of principal. Past performance is not indicative of future results.

 

Costs and Fees

 

What are my ‘out-of-pocket’ expenses to invest?

There will be withdrawal fees if you invest with a registered account ranging from $200 to $400 plus tax. For an Olympia Trust account, plan for roughly $300 plus tax for the first year, and then $200 plus tax annually.

 

Is there a fee to sign up on Equivesto?

No, there is no fee to sign up on Equivesto.

 

Are there any fees if I decide to exit the investment before Year 5?

Here are the redemption fees: 

  • Before Year 1: 6%
  • Before Year 2: 5%
  • Before Year 3: 4%
  • Before Year 4: 3%
  • Before Year 5: 2%

 

Investment Details and Reporting

 

Where can I review the Offering Memorandum (OM)?

The OM, Declaration of Trust, Subscription Agreement, and 144 Lucan property appraisal report are all available for your review on the Equivesto website. You can review all documents before committing to your investment.

 

Can we add a beneficiary or successor?

It's recommended that you complete your estate planning separately. Including your investment with Legend Real Estate Trust in your will and testament is advisable.

 

How often will Legend report to investors?

Legend will provide quarterly reporting to investors.

 

Is the maximum annual ROI 20%? Or could it be higher, considering there’s no guarantee of returns? 

Yes, there is potential for your investment to be greater than 20%. However, our projections are 15-20% annual ROI.

Note: Targeted returns are not guaranteed and involve risk, including loss of principal. Past performance is not indicative of future results.

 

Can we invest in Legend if we reside in Quebec, even with registered funds?

Yes, Canadians from across the country can invest if they meet Eligible or Accredited investor status. 

Note: The Offering Memorandum is provided in English only.

 

Can I share this investment opportunity with friends and family?

Certainly, feel free to share information about Legend with your friends and family. We are here to answer all their questions and help them through the investing process. They can reach out to us at Amanda@Legendinvestments.ca or book a call with our team for any questions they may have.

 

When can I expect to see my projected 8% Preferred returns?

Once the building reaches full optimization, which is expected by the end of Year 1, we anticipate increased revenue through effective expense management and rent adjustments. The recent renovations, completed by the sellers, provide a strong foundation. Optimization will involve managing expenses and increasing revenue streams, such as storage and parking.

 

We hope this clears up some of the questions you may have had about investing with us. If you have any further queries or need assistance, feel free to reach out to us at Amanda@Legendinvestments.ca or book a call with our team.

 

Upcoming Webinar Event

Catch up on all the latest insights and information by registering for our upcoming webinar.

>> Register Today!

 

Feeling confident in making an investment today? 

>> Invest Now!

 

Best regards,

The Legend Team

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05/26/2024

C1634_Legend Email Newsletter 12_Header.jpg

5 Days Until Legend’s Second Close!

We're nearing the end of an exciting opportunity to join Legend's groundbreaking $3M close. Just 5 days left until our second close on May 31st, 2024!

To secure your spot in this round, we recommend completing your investment by Monday, May 27th.

 

>> Invest Now!

 

Join Our Founding Investors

To guide you through the investment process, we've prepared a how-to guide on investing with Legend. Whether you're a seasoned investor or new to the process, our step-by-step guide will assist you every step of the way.

 

Investing Through Your RRSP?

If you're investing with a registered account (TFSA, RRSP, etc.), please email invest@equivesto.com BEFORE starting a transaction so we can activate your account.

The system will default to a cash investment if Equivesto is not notified prior to investing. 

 

Click here to learn more about the TFSA/RRSP investment process and associated trust account fees.

 

Stay Up to Date

Stay tuned for more updates as we count down to our second close. In the meantime, if you have any questions or need further information, feel free to reach out to us at Amanda@Legendinvestments.ca or book a call with our team.

 

Missed our Recent Webinar?

Watch a recap of the live webinar, out now!

 

We look forward to welcoming you as a new investor in Legend.

 

Best regards, 

The Legend Team

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