The quarry expansion approval allows the company to continue supplying high quality aggregate needed by the region while delivering significant long term community and environmental benefits. The quarry and expansion lands will revert to Conservation Halton following extraction completion, creating 1000 acres of parkland and open space.

The property has been sold at US$21.5M. Net operating income was increased from US$500,000 to US$1,500,000 through active asset management strategies employed since acquired in 2022.

The acquisition of a 10 acre commercial site in the SW Florida market has closed. The development plan anticipates the creation of approximately 160,000 SF of Class A small bay commercial space in a prime location, at an estimated total development cost of US$43M.

The construction of 192 Studio apartments has been completed and project lease up is underway. The feasibility of a second multifamily phase on the adjacent owned parking structure is currently being completed.

The acquisition of a 90,000 SF multi-tenant flex industrial property has closed at a discount to replacement cost. The investment represents an excellent value-added opportunity given its prime location and materially below market in place rental rates.

Nelson has submitted its application to expand the quarry providing an additional 30M tonnes of aggregate reserves. Furthermore, once the new license has been secured, over the next 25 years 1,000 acres of rehabilitated land will be donated to the public creating Burlington’s largest Park.

The redevelopment has commenced of a 100,000 SF vacant office building and 223 stall parking garage on the border of Capital Hill and the Golden Triangle. The property will be converted into Micro Apartments at an estimated total development cost of $42M.

Evton Capital Partners has successfully sold all assets of the Evton Real Estate Fund LP. The sales process began in 2015 and is now complete and all capital has been distributed to its Limited Partners.

Nelson has successfully obtained a license to extract aggregate from its new Alliston location. The sand and gravel pit will be fully developed and open for operations in 2018.

Nelson announced finalizing its Management Agreement with Bass Lake Sand and Gravel Ltd to operate its Oro aggregate pit and enhance future revenues and cash flows.