A message from Homestead Investment Co-operative:
Time is running out: Albertans have until Sept. 29 to invest in the Alberta Block, a heritage building on Jasper Avenue now being purchased through Edmonton's first commercial real estate investment co-operative.
The raise, led by Homestead Investment Co-operative (HIC), is seeking to secure the Block as the cornerstone of a province-wide portfolio of community-owned real estate. Shares begin at $10,000 plus a $250 membership, with projected returns of 6% and eligibility for RRSPs and TFSA investments.
For co-founder Tegan Martin-Drysdale, it's about more than numbers. It's easy to talk about downtown revitalization, she told Ryan Jespersen of RealTalk, but Homestead is a tangible way to put our money where our mouths are.
Former mayor Don Iveson agrees: "If you got $100K in your RRSP, and some of it's invested in the States right now, and you don't feel good about that, this is an opportunity to repatriate capital. As a civilian, there aren't many opportunities for you and me to own downtown commercial real estate in Edmonton. Homestead opens that door."
The co-operative model is designed to be democratic and resilient. Each investor, regardless of share size, has one vote in guiding future acquisitions. Early investors include entrepreneurs, young professionals, and seasoned Edmontonians who want their portfolios to reflect their values. Plus, they gain drop-in privileges at Homestead's coworking space plus other local discounts.
The best opportunities to learn more are still ahead by registering here:
- Sept. 23, 4:30pm to 7pm: After-Work Open House at Alberta Block
- Sept. 24, 4:30pm to 7pm: After-Work Open House at Alberta Block
- Sept. 25, 4:30pm to 7pm: After-Work Open House at Alberta Block
- Sept. 26, 1pm to 4pm: Final Drop-In before the Sept. 29 close
With its rich history, recent $7-million retrofit, and growing roster of tenants, the Alberta Block is both a strong asset and a symbol of confidence in Edmonton's downtown.
Now is your chance to walk through the doors, talk to the team, and decide whether to plant your investment right here at home.
For full details, visit HomesteadCowork.ca.