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Peninsula Capital announced it raised $73,000 in an initial filing from an offering of $73,000

Peninsula Capital announced it raised $73,000 in an initial filing from an offering of $73,000

05/28/24, 8:57 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Money raised
$73,000
Industry
real estate
Round Type
pre-seed

Company Info

Company
Peninsula Capital Corporation
Location
toronto, ontario, canada
Additional Info
Peninsula Capital Corp. owns, acquires, and manages Single Family Rental (“SFR”) housing presently focused in upstate New York. PCC was formed to provide a differentiated investment opportunity by investing in affordable residential properties that provide stabilized high cash flow in markets with a high proportion of renters. We provide affordable, quality, safe and secure housing to our tenants. PCC is focused on growth and specializes in identifying and acquiring stabilized and near stabilized houses with a strong tenant base. Approximately 95% of houses are acquired off-market via private sale and sourced using PCC’s deep market knowledge and experience. Fully vertically integrated, with the internalization of property management in 2019, PCC has significant “boots on the ground” and a back office firmly in place, to manage both local and regional growth from a central location. Our investments are underwritten solely based on the merits of cashflow – house value appreciation is pure upside. PCC’s existing portfolio consists of 527 houses (795 rental units in total) and achieving our acquisition goal for 2022 of owning >900 houses.

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