Business
Parvis Announces New Investor Agreements with Pier 4 REIT and HoneyTree REIT
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Parvis Invest Inc. (TSXV: PVIS...
About this update from Parvis Invest Inc
[{"type":"text","content":"Parvis Announces New Investor Agreements with Pier 4 REIT and HoneyTree REITVancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Parvis Invest Inc. (TSXV: PVIS) (\"Parvis\" or \"the Company''), a technology-driven real estate company focused on supporting issuers and broadening access to institutional quality real estate investment opportunities, today announced the addition of Pier 4 Real Estate Investment Trust (\"Pier 4\") and HoneyTree Real Estate Trust (\"HoneyTree\") as new Exempt Market Dealer (EMD) issuer clients.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.\"Over the past few months, we've been diligently growing our EMDSolutions vertical. We are pleased to share our newest investor agreements with Pier 4 and HoneyTree, two exceptional partners,\" said David Michaud, Parvis' Chief Executive Officer. \"Our platform enables us to bring added value to issuers, all while driving profitable growth and revenue. By providing a regulated and complete end-to-end solution for private market investments, these agreements extend our integration with real estate issuers across Canada, those known for their strength creating value for investors in real estate.\"Pier 4 is a private REIT that invests in multi-family buildings across Canada and provides investors with the opportunity to diversify their portfolios and gain investment exposure to high level real estate assets. With over 100 years of combined experience in real estate acquisitions, asset management and property management, Pier 4 focuses on building strategic partnerships in the real estate industry to ensure the highest return for investors. Pier 4 currently has approximately $95M in AUM, with another property under contract that is expected to close this year. Following this closing Pier 4 will surpass $100M of AUM.Headquartered in Toronto, HoneyTree is a private REIT that offers passive real estate investing opportunities for active professionals and specializes in acquiring and operating tech-enabled real estate. Today, HoneyTre...