This Passive House project provides some of the highest green standard accommodations in the lower mainland and is in walking distance to the SkyTrain and Trout Lake community centre and park. Our partners, Syncro Capital Inc., persevered through COVID and beyond to complete this project, which delivers 80 much-needed housing units under the City of Vancouver’s Moderate Income Rental Housing Pilot Program. A big thank-you to Syncro Capital Inc., Trillium Projects, Gammon International, National Bank of Canada and our loyal investors for bringing this project to reality.

2024 Q1 News

May 2, 2024

Harlo Capital Secures Its Newest Project 

Harlo Capital entered a new partnership, securing new project opportunity at 3807 – 3829 Lake Shore Boulevard West, Toronto. The site benefits from close proximity (~200 m) to the Long Branch GO Station, and the 507 Long Branch and 508 Lake Shore TTC streetcar lines. 

Construction Milestones Achieved at 440 Victoria Avenue  

We are excited to report that construction is progressing rapidly at our 440 Victoria Avenue site in Hamilton, Ontario. We have completed ground improvements, along with formwork for both self-storage and large bay industrial buildings. Currently, structural steel framing for the buildings is being erected, and the elevator/stairway cores are now complete

Shake Shack Canada Announces Its First Location 

Harlo Group partnered with Osmington Inc. to bring the beloved Shake Shack to Canada! 

The team has secured the first three locations, and their flagship location is scheduled to open in Toronto at Yonge and Dundas this Summer. 

Harlo Group’s Venture Team Is Raising a Special Opportunities Fund 

Harlo Equity Partners is raising 20 million USD to invests in early-stage start-ups, with an aim to close in the middle of June 2024. If you want to learn more about the venture asset class and specifically what they are doing at Harlo Equity Partners, please reach out by clicking here

We have reached a settlement with the City on a final plan that will include 7,655 new homes, over 200,000 sq.ft of retail, 200+ affordable housing units, approximately 5 acres of new parkland, a new GO station, and with some luck a new community centre. We appreciate the work of the entire project team, with a special thanks to our partner Republic Developments.

HAPPY NEW YEAR

HARLO CAPITAL WOULD LIKE TO

WISH YOU A VERY HAPPY, HEALTHY,
AND PROSPEROUS 2024

Milestones

Harlo Capital celebrated many exceptional milestones this past year. As we reflect on a successful 2023, two milestones are especially worth celebrating. In January, we completed our very first investment project with DTK Condos, achieving a 31.22% IRR and a 2.91x Equity Multiple. In July, we finalized the acquisition of our 20th project, Bayview Car Wash, which has an estimated 28.54% IRR over 33 months and 1.58x Equity Multiple.

Breaking Ground

We're happy to report that we broke ground on two projects in 2023. In the first quarter, we broke ground on 699 Sheppard Avenue East. We’ve since completed the below-grade structure as well as the ground floor slab, and commenced formwork for the second floor.

We also broke ground on Leaside Commons in Q1. As of Q4, we are trending ahead of schedule with the below-grade structure, ground floor, and second floor slab complete.

Harlo Gives Back

At Harlo Capital, we pride ourselves on being community leaders. Our Harlo Gives Back program allows us to partner with local causes and use our resources to make a difference. This past year, we volunteered a collective 300+ hours and donated $10,000 to organizations like CAMH, Toronto Humane Society, and Salvation Army.

Should you have any questions about Harlo Capital or our projects, please reach out to:

investorrelations@harlocap.com.

Thank you and have a Happy New Year!

Louis Tsilivis is joining Harlo Capital as its General Counsel, Louis aims to provide practical, business-oriented counsel to the executive team. His goal is to facilitate Harlo Capital’s continued growth by providing legal support for all aspects of the business, including negotiating, drafting, and reviewing agreements; minimizing risk and exposure to risk; and developing and maintaining appropriate controls to safeguard Harlo Capital’s business, investors, partners, and projects. 


Thank you to our Partner, IN8 Developments, as well as our loyal investors.

Total Revenue: $189,962,370

Internal Rate of Return (IRR): 31.22%

Equity Multiple (EM): 2.91x

Congratulations to all involved!

Thank you to our Partners, Gairloch Developments and Kingsett Capital, as well as our loyal investors.

Total Revenue: $70,040,000

Internal Rate of Return (IRR): 31.75%

Equity Multiple (EM): 2.11x

Congratulations to all involved!

© 2021 Harlo Capital
T: (416) 551-7115