Monthly Income Trusts
Tri City Group of Companies
Real estate development, mortgage lending and income property ownership
Tri City Group is a diversified, privately-held firm that is comprised of 25 real estate investment, financing and development companies. Established in the 1960s, Vancouver, BC-based Tri City Group is engaged in real estate development, mortgage lending and income property ownership. It manages what is commonly called a family office, designed to manage the wealth of the Goodman family.
The principals of Tri City Group have extensive experience in the real estate industry. Together, with the Tri City team, they provide a diverse set of talents with an extensive background in real estate lending, real estate investment, development and income property management. In the case of the mortgage trusts the family found it advantageous to invite the public to participate so that it never has to say no to a good mortgage proposal from the mortgage brokerage community.
The real advantage Tri City Fund Management Ltd. brings to investors is it’s relationship with the mortgage brokerage community. In 2018, the fund managers looked at over 900 mortgage proposals and funded about 1/12 of those opportunities. Its goal is to cherry pick the mortgage proposals in which the owners have lots of equity as this nearly guarantees repayment of principal and interest.
Currently, Tri City Group has three significant residential and commercial projects under development in B.C. and Alberta, representing a total of more than 750 units and has funded more than $500 million in residential, commercial and industrial mortgages.