District Timeline

District Group launches

A Limited Partnership is formed, closes $4.5M equity raise
and completes acquisition of 6 acre site in Nanaimo, BC –
North Grove Project

District acquires site in Abbotsford in partnership with financial
partners – The Rex Project

A Limited Partnership is formed, closes $1.2M equity raise and
targets an acquisition in Port Alberni

District receives development permit approval
from the City of Nanaimo for North Grove Project –
a 3 building, 151 unit rental apartment complex

Limited Partnership acquires 23 acre site in Port Alberni, BC
and receives OCP & zoning approval from the City of Port
Alberni for Anderson Hill Project

District Tebo Industrial Corp. acquires 6,000 s.f. warehouse in
Port Alberni, BC for future SpaceGain Self-Storage business

Limited Partnership secures senior lending facility for North Grove Project led by CCCU

A Limited Partnership is formed, closes $5M equity raise and
acquires 5 acre site in Parksville, BC – Cascara Project

District and financial partners sell 50% joint venture interest in
The Rex Project in Abbotsford to a wealth management firm

District and investment firm partner acquire 4 acre site in
Kelowna, BC – Midtown Project

The construction contract for the Anderson Hill Project is
awarded to Bowerman Excavating, breaks ground on 15 lot
subdivision

Construction contract is awarded to Windley Contracting for
the North Grove Project, commences construction

District acquires Scott Building in Victoria in partnership with investment firm

District and investment firm partner establish a fund, raise
$25M and acquire
District and investment firm’s interests in
the Scott Building in Victoria, Midtown Project in Kelowna and
The Rex Project in Abbotsford

District acquires Wellburns Building in Victoria in partnership
with financial partners – Parkway Project

A Limited Partnership is formed, closes $3M equity raise and
targets an acquisition in Colwood

District and investment firm partner establish Limited
Partnership and close $20M equity raise targeting an
acquisition in South Surrey

District acquires Roberts Manor apartment complex in Sidney,
BC with financial partners

Limited Partnership acquires 3.2 acre and 11 acre sites in South
Surrey – Grandview West Project

Limited Partnership acquires 1.8 acre site in Colwood, BC –
Monarch Project

Summit Brooke Construction commences construction on
The Rex Project

Limited Partnership sells 3.75 acre site at Anderson Hill to real
estate development company

Limited Partnership receives zoning and OCP amendment
approval from City of Parksville for Cascara Project

SpaceGain Self-Storage complex renovation completes, opens for business

District successfully obtains development permit approval for Roberts Manor expansion from Town of Sidney

The first building at North Grove completes construction and
lease up commences

Limited Partnership enters into agreement with senior living
organization for 2.5 acre site of Anderson Hill with plans for a
110 unit residential senior living complex

District Developments enters into agreement with a REIT to
expand Tradewinds Apartment Complex in Comox, BC

District and local First Nation form strategic partnership

Limited Partnership receives development permit approval
from City of Parksville for Cascara Project

District successfully obtains zoning, heritage alteration permit
and development permit approval for the Scott Building
redevelopment from City of Victoria

District successfully obtains OCP and zoning amendment
approval from City of Kelowna for Midtown Project

First building at The Rex is completed and all 50 units are fully
leased

The last building at North Grove completes construction

District enters into strategic partnership and acquires a 35 acre
site in North Cowichan’s Bell McKinnon Corridor

District and First Nation acquire the former MSA Hospital site
in Abbotsford, BC, plan a multiphase project

Limited Partnership secures senior lending facility for Cascara
Project led by CCCU

Limited Partnership receives development permit approval
from City of Colwood for Monarch Project

District successfully obtains development permit approval
from City of Kelowna for Midtown Project

A Limited Partnership is formed and targets acquisition in Port
Alberni, BC

North Grove rental apartment complex is fully leased

Limited Partnership awards construction contract to Windley
Contracting, commences construction on first 2 phases of
Cascara Project consisting of a 2 building, 128 unit apartment
complex in Parksville, BC

A Limited Partnership is formed, targets raise of $2.5M and
acquisition in West Kelowna market

A Limited Partnership is formed, targets raise of $2.3M and
acquisition in Vernon market

Second building at The Rex is complete and nearing full lease
up

Limited Partnership sells 3 acre, 150 unit rental apartment
complex in Nanaimo, BC

District successfully obtains zoning amendment, heritage
alteration and development permit approval from City of
Victoria for Parkway Project

Limited Partnership acquires 4.5 acre multifamily site in Port
Alberni at Anderson Hill and proposes 52 unit duplex and
fourplex complex – Parkridge at Anderson Hill Project