TAS is an unconventional impact company that engages, designs, and invests with intent in order to build more inclusive and livable cities. As a proud Certified B Corporation and founding member of the SVX platform, TAS is an industry leader in impact development with an active pipeline and portfolio totalling over 5.6 million square feet across the Greater Toronto Area.
TAS believes that companies should pursue both profit and purpose — while the former is foundational, it is not the only goal. Their success is measured by the ability to push the boundaries of innovation to better serve the people of today and future generations.
TAS is currently in the final phase of fundraising for LP3 — a diversified closed-end real estate fund with a 10-year lifespan that offers the opportunity to invest in the GTHA real-estate market while achieving a broad range of impact objectives.
Location: Primarily Greater Toronto and Hamilton Area, Ontario, Canada
Target Capital Raise: C$100M
Sustainable Development Goal (SDG) Focus:
- Goal 1: No Poverty
- Goal 11: Sustainable Cities and Communities
- Goal 13: Climate Action
Purpose and Track Record
TAS believes that real estate development presents an opportunity to address social inequity and sustainability challenges. They believe that greener, more inclusive and diverse communities are good for society and their bottom line.
TAS began as a custom home builder in the early 1980s and was celebrated as an industry leader for designing and building homes that focused on quality and livability. Since transitioning into mixed-used high-rise development in the early 2000s, TAS has identified attractive development opportunities with entitlement lift, executed value-add repositioning strategies and completed five (5) major projects. Today, TAS manages a best-in-class private equity platform based on the concept of multipurpose capital: impact that amplifies financial returns for investors, and vice versa. TAS has entitled, developed and completed real estate projects totalling over $900 million in asset value, and has delivered a gross equity multiple of 3.2x to investors.
Investment Opportunity and Target Beneficiaries
TAS LP 3 is a closed-end diversified real estate fund with a 10-year life that offers the opportunity to invest in the thriving GTHA market while achieving a broad range of impact objectives. The fund will build on the company’s proven track record of exceptional returns, on a risk-adjusted basis, supplying the capital required to expand its existing pipeline of projects and generate broad social impacts through a multi-purpose investment platform.
The fund will acquire four (4) to six (6) urban residential and mixed-use development sites located in the GTA — the fastest growing region in Ontario, with population projections estimating an additional 2.6 million residents between 2019 and 2046. Communities across the region will need to accommodate this incredible growth with thoughtfully designed new residential, commercial, cultural, and community spaces that will serve the evolving needs of today and tomorrow.
Impact
As an impact company, TAS promotes connected, caring and committed communities through its portfolio. They provide a platform for people to contribute and be heard — actively listening and delivering solutions that meet the needs of people who work and live in the neighbourhoods where they work. And since every neighbourhood is different, and every neighbourhood’s needs are different, what they build each time is different, too.
Making positive contributions to people and the planet is embedded in TAS’s DNA. The Four Pillars of Sustainability have guided their approach to impact innovations:
TAS is currently preparing to launch a new impact framework in June 2021 that is grounded in a comprehensive business benchmark and makes a series of bold commitments to help address some of the most pressing challenges facing society in a rapidly evolving urban context.
Case Study
TAS’s project at 299 Campbell Avenue in the Junction Triangle, a partnership with BentallGreenOak, is a great example of their approach in action.
Back in 2017, TAS hosted a series of community conversations to learn all about what locals loved most about their neighbourhood, what might be missing and what kinds of services and amenities could help make it an even better place to live. These learnings helped shape the design of a 240,000 square foot 14-storey project that will include 236 new purpose-built rental homes specifically designed for multigenerational families of all types and sizes. It also inspired a unique partnership with the Toronto Public Library, which will operate a new branch from the building’s ground-floor that serves and adds value to its local community. 200 Campbell Avenue is under construction today and occupancy is anticipated in early 2022.
Learn more about TAS LP3 here.
Disclaimer: This Medium post is for informational purposes only. It is not intended as investment advice or an offer or solicitation for the purchase or sale of any financial instrument. SVX is registered as an Exempt Market Dealer (EMD) under applicable securities legislation in Ontario, Québec, Alberta, British Columbia, Manitoba, and Saskatchewan; however, no securities regulatory authority has approved or expressed an opinion about the securities offered on this platform. Investing in the exempt market has significant risk. You should be aware of these risks, and as appropriate, consult with appropriate financial professionals to support your decision-making processes.
