NEW MARKET FUNDS
AFFORDABLE RENTAL HOUSING FUNDS

ABOUT

From two funds, we invest in purpose-built, stabilized multi-family affordable rental housing and we also acquire for-profit apartments to preserve affordability via conversion to non-profit ownership. We do all this in partnership with strong, existing non-profit and co-operative operators. We draw on extensive development, operating and financing experience to structure investment opportunities that are customized to our investors’ needs, while also creating long-term community benefit. Our investments offer risk-adjusted, market-rate returns.

“Investors in the Meritas SRI Funds want competitive financial returns along with a positive social and environmental impact. Our investment in New Market Funds meets our Impact Investing criteria — it offers competitive risk-adjusted financial returns, along with a positive long-term impact on people and communities.”

Fred Pinto, CEO, Ocean Rock Investments Inc.

SELECTED INVESTORS

Our investors include community foundations, private foundations, other institutions, family offices and accredited individuals.

NMF RENTAL HOUSING FUND I

  • Alberta Real Estate Foundation
  • Alberta Social Enterprise Venture Fund LP
  • Bealight Foundation
  • British Columbia Housing Management Commission
  • Green Shield Canada
  • Hamilton Community Foundation
  • LesLois Shaw Foundation
  • MakeWay Foundation
  • McConnell Foundation
  • Michael Young Family Foundation
  • Mt. Lehman Credit Union
  • NEI Investments
  • Northpine Foundation
  • Ottawa Community Foundation
  • Real Estate Foundation of BC
  • Royal Bank of Canada
  • The Lawson Foundation
  • Trico Foundation
  • Vancity Community Foundation
  • Vancouver City Savings Credit Union

NMF RENTAL HOUSING FUND II

  • ART Energy Services Inc.
  • Atkinson Foundation
  • Bealight Foundation
  • Boann Social Impact L.P.
  • Clients of Genus Capital Management and Rally Assets
  • Congregation of the Sisters of St. Joseph in Canada
  • DerWing Capital Corp.
  • Fairmount Foundation
  • First West Credit Union
  • Fondation Lucie et André Changnon
  • George Cedric Metcalf Charitable Foundation
  • Hamilton Community Foundation
  • J.W. McConnell Family Foundation
  • Lawson Foundation
  • Lynwood Family Foundation
  • Northpine Foundation
  • Real Estate Foundation of BC
  • Realize Fund L.P.
  • The Catherine Donnelly Foundation
  • The Foundation of Greater Montreal Investment Fund
  • Toronto Foundation
  • Trottier Family Foundation
  • W.C. Kitchen Family Foundation

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