TORONTO, January 26, 2016 – Cranson Capital Securities Inc. (“Cranson Capital”) is pleased to announce that it has completed an $11 Million capital raise for the Mohawk Medical Properties REIT (“Mohawk REIT”), a Toronto based REIT that specializes in the acquisition, property management and asset management of health care real estate all across Canada. Over 160 investors participated in the exclusive opportunity to own a growing portfolio of 13 income-producing Medical Office Buildings (“MOBs”). This particular offering was to assist the REIT in acquiring 4 MOBs to bring the portfolio up to 13 properties; 9 in Ontario and 4 in Alberta.
Earlier this year, Mohawk converted its 6 limited partnerships into a private REIT, which generated a significant increase in value for investors who participated in the individual LP offerings. Cranson Capital is very excited about the medical office space due to the stability of the tenants through Canada’s universal healthcare, high tenant retention and the growing demand for medical services in Canada, this asset class proves to be unaffected by economic cycles and a great diversification tool for investors.
Mohawk’s management team, Andrew Shapack and Sean Nakamoto, have an exceptional track record in acquiring and managing MOBs and are using their expertise to significantly improve operations and financial outcomes of the properties. The REIT provides investors a great opportunity to partner with this experienced management team who are focused on creating a geographically diversified portfolio of high quality, Canadian medical office buildings that will generate stable distribution yields and capital appreciation for investors.
“We are impressed by the capabilities of Mohawk’s management team to execute their strategy.” said Devon Cranson, President at Cranson Capital Securities, “Not only have they proved their ability to source and acquire great properties, they have proven that with experienced management they can maximize value for investors. This investment generates very stable income for investors while also providing for significant capital appreciation opportunities. Investors have the best of both worlds.” he added.
About Mohawk Medical Growth Partners
Mohawk is a Toronto based private REIT specializing in healthcare real estate and committed to exceptional returns through reasonable risks. Sean Nakamoto and Andrew Shapack, whose combined track record includes 73 medical office building acquisitions, formed Mohawk in September 2012. The firm engages in acquisition, property management and asset management of Canadian medical office buildings financed through syndication to LP investors.
About Cranson Capital
Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Securities and Cranson Capital Solutions, both of which offer unique services to support our investors and entrepreneurs. Cranson Capital Securities is an Exempt Market Dealer and specializes in raising capital from accredited investors for private placements in real estate, high growth companies and financial services. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for our entrepreneurs. For more information visit: www.cransoncapital.com.