Business
Parvis Announces a New Investor Agreement with Cascadia Green REIT and the Launch of a New Investment Fund
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Parvis Invest Inc. (TSXV: PVIS) ...
About this update from Parvis Invest Inc
[{"type":"text","content":"Parvis Announces a New Investor Agreement with Cascadia Green REIT and the Launch of a New Investment FundVancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Parvis Invest Inc. (TSXV: PVIS) (\"Parvis'' or \"the Company''), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced the addition of Cascadia Green Real Estate Investment Trust (\"Cascadia') as a new Exempt Market Dealer (EMD) issuer client; a burgeoning vertical of the company.While fulfilling its mission to open up access to institutional quality real estate investment opportunities and increase liquidity in private assets, Parvis has identified a unique need-gap within the market for an efficient and scalable EMD investment platform. Complimentary to the business model, Parvis onboards issuers and developers to help process and service investors.\"We are delighted to announce an investor agreement with Cascadia,\" said David Michaud, Parvis' Chief Executive Officer. \"In today's environment, companies are looking to focus on the execution of their business, removing the workload associated with EMD services which we are able to seamlessly handle through our leading tech platform. This is an exciting vertical emerging at Parvis, where we will provide value to issuers while driving new revenue into the business. We look forward to our work with the Cascadia team.\"Cascadia is a private REIT that provides exclusive access to a pipeline of multi-family development assets in Greater Vancouver. It has partnered with an established development arm, allowing their investors to benefit from favourable positions taken in developments and acquisitions of income producing properties in this highly competitive market. For Cascadia, Parvis will provide comprehensive EMD services including marketing, capital raising, investor relations and potentially secondary market services. The EMD service vertical represents an exciting new segment of business for Parvis. Outsourcing EMD services to Parvis will allow companies to offload and streamline their administrative work in order to focus on their core business, and in turn drive revenue within Parvis. Growing this segment of the business will enable Parvis to achieve the core vision of democratizing real estate and alternative inves...