Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company'), a technology-driven real estate company focused on supporting issuers and broadening access to institutional quality real estate investment opportunities, today celebrates a significant milestone, welcoming TCU Development Corporation, RealAlt® Investments and Lion Heart Development as the latest Exempt Market Dealer (EMD) issuer clients. These new additions bring Parvis's total number of strategic partnerships to over 25, marking a major achievement in its mission to enhance access to institutional-quality real estate investment opportunities.
"We are thrilled to reach this milestone which signals our growth and reinforces Parvis's mission to democratize access to high-quality real estate investments," said David Michaud, Founder and CEO of Parvis. "Welcoming these new partners to our platform not only expands our footprint but also underscores our commitment to providing innovative investment solutions much needed in the market."
This achievement underscores the growing trust and demand for Parvis's platform, which has seen an impressive 580% increase in closed investments compared to the previous year and a 180% growth in average transaction size within the first four months of 2024. These milestones highlight Parvis' successful strategy and the effective collaboration among its clients and partners to expand the accessibility and efficiency of private asset markets.
Parvis has strategically filled a significant gap in the industry with a highly adaptable and efficient EMD investment platform. This initiative facilitates seamless interactions and support for both issuers and investors, optimizing the investment process across the board.
New Partnerships:
TCU Development Corporation ("TCU") is Ottawa's 'Super Boutique'. They achieved #1 mid-rise developer in consecutive years by specializing in the development of Class A rental property, thereby creating exceptional investment opportunities, and managing their assets for optimal long-term performance. Their 100% completion rate and over $500 million in developed real estate is a testament to their culture of consistency and extensive network spanning across Canada. TCU's mission is to add to the legacy of the investors and communities they serve.
RealAlt High Yield Mortgage Trust, a distinguished private mortgage real estate investment fund specializing in land and new home developments across Ontario. RealAlt® Investments presents a unique opportunity for investors to engage in commercial real estate mortgage investments secured by capital, mirroring the strategies of ultra-high-net-worth individuals. Boasting a Manager AUM of $190 million and a fund AUM of $19.7 million, RealAlt brings substantial strength to Parvis Invest's debt product offering.
Lion Heart Development ("LHD"), launched in 2017, LHD mainly operates in the Hamilton Ontario area focusing on land development and assembly. This massive evolution has also welcomed the new brand Lionheart Development. LHD also focuses on upscale boutique condominium developments and is a pioneer in cutting-edge, expandable apartment technology that changes the dynamics of the room to maximize the usable square footage of the unit while offering a cutting-edge product for consumers.
Looking ahead, Parvis is poised for continued growth and innovation. Each new partnership strengthens the company's market presence and underscores its commitment to transforming real estate investment. With a focus on broadening access to high-quality investments, Parvis is dedicated to shaping the future of the industry and delivering exceptional value to investors.
About the Company
Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna, and Montreal. Additional information about Parvis is available at www.parvisinvest.com and on SEDAR at www.sedar.com.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements") within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: execution and integration of the Memorandum of Understanding; and the Company's business plans and role in the investment industry. To develop the forward-looking information in this news release, the Company made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to: adverse market conditions; changes in general economic, business and political conditions; changes in applicable laws and regulations; compliance with extensive government regulation; reliance on key and qualified personnel; risks associated with the real estate, investment, and technology industries in general. The foregoing list of material risk factors and assumptions is not exhaustive. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
For further information:
David Michaud, CEO, Parvis Invest Inc.
Email: david@parvisinvest.com
Tel: 1-844-487-4866
For media inquiries please contact:
Katie Green, August Strategy
Email: katie@auguststrategy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207806
SOURCE: Parvis Invest Inc.
