Mr. Croft Axsen, owner and CEO of Northern Premier Investments Ltd. has been
successfully completing real estate projects with limited partnerships since 1996 as well as being president and owner of Jencor Mortgage, one of the largest independent Mortgage Brokerages in Western Canada. Below are some of the highlights of his previous real estate developments:
Thirty unit apartment complex, purchased in Calgary’s inner city for redevelopment potential and future demand. Property purchased for 1.2 Million, invested $300,000 in renovations and exited this project selling each unit for between $65,000 to $82,000: A 30-64% profit per unit.
Ocean Front Estate Homes 1999 – 2002
$9.5 Million USD subdivision and development project of three luxury Pacific ocean front homes, all overlooking the beautiful tropical bay of Poipu. This
project realized investors a $3.5 Million USD profit and was sold at the height of a worldwide economic crisis following September 11, 2001.
Undeveloped parcel with 2000 ft of lakefront footage this 160 acre was purchased for CAD $8 Million. Eight months later this property was re-sold for $12.5 Million. The project realized a 56% ROI for the partnership during this brief holding.
Two above average size lots were purchased in Calgary’s Hillhurst community. After subdividing the lots four custom executive homes were built and sold realizing an above average ROI for our partners.
Industrial land holding of 160 acres with high density deposits of gravel situated adjacent to three commercial gravel operations. Purchased for $7.25 Million sold in the fall of 2008 for $11.25 Million providing a 57% ROI for the partnership in a short timeframe.
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