TerraTrust Inc. has recently completed the renovation of a decommissioned fire hall into modern apartments in Moncton, New Brunswick called The Lofts.
This completed project is a 9-unit building that features 1, 2, and 3-bedroom units. The unique open concept lofts are developed with rustic, original red brick showing historic character inside and out, and complete with modern finishes including concrete floors, quartz countertops, and open truss style. This distinguished build is the first of its kind in Moncton and the area.
More impressive and sophisticated features of The Lofts include:
- All stainless-steel appliances included
- In-floor radiant heat
- Air conditioning
- Soundproofing between units
- Privacy blinds
- Double pane LOW-E Argon large windows throughout
- Premium quality plumbing (low flush toilets)
- New, paved onsite parking
- Onsite secure and private storage
With separate and private access to each unit, there are direct walking paths from parking to suite to provide ease of access and the feeling of independence in your own home. Adding to the comfort and convenience, The Lofts are close to the university and hospitals and only minutes from downtown.
The Lofts is the first phase of development for this site. The site has been fully serviced and is shovel ready for the development of two 40-unit apartment buildings.
About TerraTrust Inc.
TerraTrust is a real estate development firm. TerraTrust acts as a project manager to coordinate the various engineering consultants and contractors required to bring a real estate project to market. TerraTrust is the manager of the River Bend Income Trust and the Western Horizons Land Income Trust.
About Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.
About Westbridge Capital Partners Income Trust
Westbridge Capital Partners Income Trust is a Canadian domiciled Mutual Fund Trust managed by Westbridge Capital Ltd. The Fund makes high yield loans to mature operating companies and distributes the associated income stream to investors. The Fund makes monthly distributions to investors and targets annual distribution of income equal to 11% of an investor's contributed capital.