Front Street Capital today unveiled Front Street Real Estate 2008 L.P. The partnership has been formed to provide exposure primarily to the North American real estate market.

“The current disruption in the financial markets has caused valuations of certain equity and debt securities, of both public and private real estate investments to fall to levels not seen since early this decade. This situation presents an exceptional opportunity for Canadian investors,” says Eric Dzuba, portfolio manager at Front Street.

The objective of the limited partnership is to achieve capital appreciation and income over a five-year term through investment, directly or indirectly, in a diversified portfolio of publicly traded and privately held real estate securities with exposure primarily in Canada and the United States.

Front Street Real Estate 2008 L.P. will give investors exposure to three areas of the real estate market: public real estate securities on a long/short basis; private U.S. rental apartment communities; and high yield U.S. real estate securities.


The L.P. structure features a tax free rollover into a corporate class group of funds at L.P. termination date, and an allowance for a position greater than 10% in private assets.

Units will be available at $25 per unit with a minimum order of $5,000.

Based in Toronto, Front Street Capital is and alternative asset class management firm with $2.7 billion in assets between various sector and strategy-specific funds.