As many of you know, real estate has become my life long passion and purpose in my career. Although keeping bees was my first love, I quickly learned the economics of agriculture and realized that all great farming businesses are centered around owning real estate. In 2011, I bought my first rental with visions of one day owning a farm.
Although I no longer strive to operate a farm, I was bitten by the real estate bug and set out to become a sophisticated RE investor. And for nearly 10 years, that’s what I did while working in film. In March of 2020, I decided to switch careers and dedicate my work to this. Since then, I’ve acquired houses, apartment buildings, hotels, land development, and mixed use property. Today, my assets under management (AUM) are over $70 million in holdings, offering 16% in annual returns with quarterly distributions, and am on track to surpass $100 million by the end of 2024!
Today, I am sharing with you the projects I’ve been working on and welcoming you to join my journey. But in order to get there, I need your help and have a huge favour to ask.
In order to remain compliant with the Canada Revenue Agency (CRA), a private REIT must have 150 unitholders after its first year of business each with a minimum investment of $1,000. A unit holder can be an individual investing through a cash account, RRSP, TFSA, corporation, and other registered funds, each counting as one unit holder. (One person can be counted multiple times)
My goal is to have 150 unitholders before the end of 2023, with a deadline of March 2024. This is part of my plan to raise $25 million in 2-3 years to acquire a large portfolio of hotels. If you’d like to support my dream and your circumstances would allow, please help me get to 150 investors.
If you’re disappointed with the returns in your mutual fund or stock portfolio, this is just for you. Now Canadian’s can add actual hotels into their investment portfolio and earn significant and reliable returns. If you’ve ever played Monopoly, you know those who own hotels, win the game.
With the latest advancements in artificial intelligence (AI), it’s foreseeable the hospitality industry is about to change forever. It is my goal to stand in front of this growth before the rest of the world catches on.
If you’d like to invest the minimum
Invest as little as $1,000 (for family & friends)
Registered funds eligible (RRSP, RESP, RRIF, LIRA, RDSP) and TFSA
Target annual return: 16%
Target annual dividend: 6%
DRIP earns a 2% discount.
Diversify by investing in a portfolio of properties
If you’d like to invest more than the minimum
HoneyTree, a tech-focused hospitality REIT, specializes in acquiring value-add hotels and enhancing guest experiences through AI-driven automated check-ins and digital concierge services. Utilizing an extended stay model, their model is both innovative and pandemic proof providing multiple operational strategies for downside protection.
Below you will find more information on the Trust, the projects I have acquired, am currently working on, and the many brands and properties I have worked with.
Why only $1,000?
This is the lowest amount that the Canada Revenue Agency (CRA) will allow us to accept. Additionally, a private REIT must have at least 150 unit holders of the trust to remain compliant. My goal is to have 150 investors before the end of 2023, but the deadline is March 2024
What is a qualified unit holder?
A unit holder can be a person, an RRSP, TFSA, a registered account, a corporation, or a limited partnership. Each of these counts as one unit holder towards the 150 even if it’s the same person. For example, I have invested in the REIT using a cash account, RRSP, TFSA, and through my holding company resulting in 4/150 unit holders.
David is an avid real estate investor who began his investing career at the age of 24. His knowledge of real estate investing has allowed him to grow his current holdings under management to 213 doors over 19 properties, with a value of over $70,000,000, and is continuing to grow.
He founded HoneyTree in 2016 when a group of friends and colleagues witnessed his success and asked him to invest their money for them. He is a realtor, mortgage broker, and savvy entrepreneur with a sharp understanding of real estate finance and specializes in the value-add category. David has a strong focus on the short-term rental asset class with keen attention on technology available to automate operations.
To learn more about whether this investment is right for you, enter your information below to receive more information about this investment and get in touch with an investment advisor.
Address:
HoneyTree Canada Inc.
1400-330 Bay Street
Toronto, ON – M5E 2S8
Email:
[email protected]
Phone:
416-712-2876
