Langley, B.C.-based Capstone Asset Management has announced the introduction of Capstone Real Estate Pool, which will focus on residential property development in North America.
“The pool will provide an opportunity for investors to access a diversified portfolio of residential real estate projects where the typical barriers to entry are significant,” the firm says in a statement.
Adding non-traditional assets to portfolios has become increasingly important in providing a balanced mix of investments, the firm adds.
Capstone has partnered with Chilliwack, B.C.-based real estate developer Genica Capital to carry out the pooled fund’s strategy.
By establishing this partnership, Capstone reports that the duties of the portfolio manager and project manager will remain separate, encouraging improved due diligence, risk mitigation and focused expertise.
Capstone is currently receiving commitments of interested from accredited investors with a minimum investment of $250,000. The firm plans to introduce the pool in Sept.