Real Estate Expert Scott McGillivray & the McGillivray Group will provide expertise on acquisitions and growth to District Property Trust.

Scott McGillivray and District Property Trust, a private real estate investment trust (District REIT), have tied up.  Scott is an expert real estate investor who owns hundreds of properties across North America. He is CEO of McGillivray Group, a real estate developer. He is also the host and executive producer of HGTV’s award-winning series Income Property. District Property Trust is a private real estate investment trust (District REIT) with an acquisition focus on growing communities in Ontario, Canada. It is closely affiliated with the Valour Group, which owns and/or manages $350 million of real estate assets.

District REIT invests in stabilized, diversified income-producing real estate assets. Further, it generates stable monthly cash distributions and seeks long-term capital appreciation. Recently, Scott Mcgillivray has expanded his business real estate reach into the areas of multi-use and multi-residential development projects.

Meanwhile, District REIT is currently distributing a tax-advantaged 8% per annum and has capital growth potential with a target of 3-5% per year. The combined target annual return is 11-13%.

However, investors need to invest a minimum of $10,000.

The tie-up

The McGillivray Group, led by CEO Scott McGillivray, will serve on the executive committee of District REIT.

Therefore, McGillivray Group’s strategy will be handy in District REIT’s plans to democratize the ownership of newly-developed, purpose-built income properties. Individual and everyday investors can now invest in such properties. Further, they need not bother with the hassles of traditional property ownership.

District’s acquisition plans

District REIT will apply fund inflows towards the purchase of several properties in its pipeline that will diversify its portfolio. These properties will also contribute to the Group’s cash flow, and therefore income distributions. McGillivray’s expertise will help District REIT in these transactions.

[Related Story: REIT Industry Shows Growth in Acquisitions ]