1 – How secure is my Investment?

Your investment is very secure. You become one of the actual owners of the Plaza. The debt to equity ratio is usually around 50% in most of our investments. Most homes have a 75% ratio. Also, all money is handled by trustees – lawyers on money invested and accountants on returns paid to investors.

2 – Can I sell my Partnership Unit?

Yes. Since you are an actual owner, you can sell to anyone at anytime. Redev Properties will aid in this process if desired. To take full advantage of potential capital gains on the properties we suggest you plan on holding the investment until the whole project sells however.

3 – Are there any extra fees for investors?

No.

4 – How long will the Plaza be held?

This is a medium term investment , past experience has indicated 4 to 7 years depending on market conditions.It is always our intention to maximize returns to our investors.

5 -Is the investment RRSP or TFSA eligible?

Yes, however our RRSP and TFSA eligible investments are structured differently to enable them to qualify as an RRSP or TFSA.

6 – What is the risk in this investment?

The risk is that the economy would weaken so much that businesses would start to close and move out of the plaza. However, this is a true �meat and potatoes� type of plaza, with stores that would weather the storm better than most plazas. Your risk is limited to your investment.

7 – Why is this investment a good one at this time?

Historically the combination of safety and high after tax paid returns have made this investment one of the best on the market. However there is no guarantee that the Kensington Crossing will be as profitable as our other REIG projects have been.

8 – How do I receive the ongoing cash flow from this investment?

Usually within two weeks of the end of the quarter the Trustee distributes the quarterly disbursement to the investors. Most of the investors have this done by direct deposit directly to their bank account.

9 – You say there is a tax deduction the first year, how do I claim that on my taxes?

The Trustee will issue a T5013 form that you attach to your tax return and allows you to claim your tax deduction.

10 – As an owner of the building will I be required to pay for any expenses that come up?

No, with triple net leasing improvements to buildings i.e., painting, cleaning, window washing insurance, property taxes etc are all paid for by the tenants.

11 – What is the minimum investment?

The minimum investment for the Limited Partnership investment is $10,000.

- The minimum investment for the RRSP is $5,000.

- The minimum investment for the TFSA is $5,000.

We appreciate your interest in Redev Properties. Please take a moment to provide us with your contact information using the form that follows so we can send you a detailed prospectus on our latest Commercial Real Estate opportunity. You can also call us toll free at 1(866)668-7344

Secure cash flowing REIG projects start with a rigorous selection process. REDEV uses a diligent and disciplined approach to acquiring properties in excellent locations in proven markets. They employ a first class property management team to ensure each property produces stable income and is maintained to maximize value.

1 – Site Sourcing

Location, Location Location. Location is one of the most important factors in assessing a property for investment. REDEV is able to bid on the best properties in Canada owing to their extensive network of contacts and business partners. This gives them advantages unique in the marketplace. Their connections give them access to the best-located sites, providing them with the foundation they need to offer investors the best returns for their money.

2 – Feasibility Analysis and Acquisition

Prior to the acquisition of any project, REDEV invests a substantial amount of energy in their due diligence process. They thoroughly analyze the following market factors:

• Income levels and employment growth trends in the relevant market
• Uniqueness of location
• Household growth and net migration of the relevant market’s population
• Supply/demand ratio, competitive analysis, sub-market occupancy and rent levels
• Barriers to entry that would limit competition
• Purchase prices and yields of available existing stabilized communities, if any
• The property’s proximity to public amenities
• Existing infrastructure
• Proximity to downtown cores, office complexes, shopping centres, and public transit.

REDEV uses an established and proven approach to real estate selection that helps them to pick the right markets, at the right time. Their approach lets them find opportunities others miss.

3 – Due Diligence

REDEV performs extensive due diligence on all prospective properties and only initiates a transaction after their team has assessed the fiscal and market viability of a project.

4 – Strategic, Long-Term Planning

Prior to formalizing a deal, REDEV will meet with their consultants, agents, and, when relevant, construction companies and financial representatives to map out the strategic and effective plan required to ensure the success of every project they will manage.

REDEV retains organizations to:

• Carry out due diligence on cash flow projections
• Prepare market overviews, projections and outlooks
• Conduct Phase I and Phase II environmental audits (if required)
• Assemble physical property descriptions and reviews
• Review major legal agreements
• Property structural analysis

5 – Construction

With over 20 years of experience, REDEV’s team brings together top construction resources and builds to higher-than-industry standards. When construction is part of the project REDEV always delivers on a timely fiscal schedule.

6 – Project Administration

REDEV’s team of professionals has a wide range of project management experience and is skilled at overseeing its properties from the acquisition through to day-to-day operations. REDEV’s insistence on maintaining the highest standards in management has made its investment product one of the finest in the marketplace.

7 – Leasing

Once REDEV has taken over day-to-day management of a commercial property their expert marketing team works diligently to get the best lease rates possible from tenants, ensuring maximum cash returns for the investor.

8 – Financing

REDEV has access to many financial and conduit institutions for preferred interest rates and terms on a non-recourse basis wherever possible.

9 – Management

REDEV appoints an experienced, responsible and provincially licensed property manager, with an intimate knowledge of the local market, to run their projects. The property manager is accountable for collection of all rents, payment of all taxes, expense accounting, security and all other general maintenance duties. The property manager plays a vital role in establishing and maintaining good relationships with tenants and with providing investors with complete and current financial information.

10 – Reporting and Accountability

REDEV arranges for professional Chartered Accountants to audit each project at the end of each year, report to the investors and provide T5013 tax reporting forms.

11 – Client Relations

Our relationship with our investors is of utmost importance to us. Our dedicated investor relation department can answer any questions and address any concerns you might have. You will receive information regarding your investment with us quarterly in the form of a mailing. We also post information in the secure portion of our website, which all investors have secure access to.

We appreciate your interest in Redev Properties. Please take a moment to provide us with your contact information using the form that follows so we can send you a detailed prospectus on our latest Commercial Real Estate opportunity. You can also call us toll free at 1(866)668-7344

Simply put, Edmonton is an economic powerhouse. It had the fastest growing economy of any large Canadian city in 2011 and the fourth-highest GDP growth of all Canadian cities, after St. John’s (5.4%), Regina (5.1%), and Saskatoon (4.6%).

Edmonton’s Real GDP growth in 2011 was 3.9%. More than the Alberta’s provincial average at 3.1% and more than the Canadian national average at 2.1%.

Edmonton has a gross domestic product of $53.891 billion and a population of 1.16 million. It is the service centre for northern Alberta, where $196 billion worth of major capital projects are planned for the coming years. The greater Edmonton area supports the energy industry and is a centre for upgrading and refining petrochemicals, pipelines, manufacturing, transportation, and logistics.

Edmonton is one of Canada’s leading centres for technology development.

Edmonton’s home province Alberta boasts one of North America’s most competitive corporate tax environments.

Edmontonians earn the highest disposable incomes in Canada and enjoy the most affordable urban home ownership.

More jobs were created in Edmonton in 2011 than anywhere else in Canada.

Alberta is leading Canada and the world with growth and financial stability. Here’s are some specifics worth noting.

• Alberta is business friendly with a business tax environment that is competitive globally
• Alberta has a modern and efficient infrastructure
• Alberta has strategic access to the North American free trade market and to North Asian markets
• Alberta’s exports of goods and services has increased dramatically in recent years reaching $86 billion in 2010
• Alberta’s manufacturing base has also been growing rapidly with shipment reaching over $60 billion in 2010
• Alberta has the lowest overall personal taxes in Canada
• Alberta has the highest employment rate in Canada
• Alberta’s Gross Domestic Product was $287 billion in 2011, roughly the size of the state of Minnesota.
• Although Alberta accounts for only 11% of Canada’s population, Alberta accounts for 17% of Canada’s GDP.
• Labour productivity in Alberta’s business sector, measured as GDP per hour worked, was $46.00 per hour in 2011, the highest of all provinces. However, between 2001 and 2011 Alberta’s growth in labour productivity was only 0.4% per year, the second lowest growth rate of all provinces and the result of declining productivity in the oil and gas sector.
• Alberta’s capital investment per capita in 2011 was $23,461 on a per capita basis, more than double the Canadian average of $10,758 per capita.
• Alberta’s economic growth rate, even with the recent economic slowdown, over the past 20 years has been impressive. Alberta’s average annual GDP growth rate between 1991 and 2011 was an estimated 3.4% per year, compared with Canada’s average growth of 2.7% per year.  Alberta’s GDP increased by an estimated 5.2% in 2011
• In 2011 Alberta exported its 87% of it’s products to the US, with the majority of the remainder shipped to Asia.

REDEV evaluates and acquires prime commercial real estate in growing markets. This includes shopping, making offers, extensive due diligence, arranging financing and legal work.

You acquire a partnership interest in the commercial property by investing in units of the Kensington Limited Partnership pursuant to an Offering Memorandum.

You may receive proceeds from your investment in 4 different ways:

1. Quarterly Income Distribution
2. Tax Deduction
3. Return on your Equity by Refinancing Tax Free in Year 6
4. Appreciation of Plaza, Increasing your Equity Build-up and Net Worth.

REIG Investment goals:

1. Safety of Principl
2. Management Ease
3. Growth Potential
4. Income Producing
5. Inflation Hedge
6. Minimize Taxes

There are risks associated with these investments.
Actual results may vary significantly from projected results. It is possible that our current investment
opportunity will not be as profitable as other Redev Properties projects. Read the applicable offering
memorandum and consult your own tax and investment advisers.

REDEV’s success really speaks for itself.  Here is partial list of
projects, which demonstrate growth REDEV has enjoyed in the past.

In 2006 - Northmount Village was sold for a total return (including
quarterly distributions) of $53,163 per $25,000 partnership unit.
This gave an average annual rate of $28.2% on this investment.

In 2007 – Castleridge Plaza was sold for a total return of $80,682
(including the regular quarterly distributions) per $25,000
partnership unit.  This gave an average annual rate return of 44.5% on
this investment.

In 2007 – Trail South Corners – Redev renegotiated a renewal of the
mortgage on this project, resulting in a special distribution to the
limited partners of $11,607 per $25,000 partnership unit.  The limited
partners still own the project.

In 2007 - Dixie Road – A refinancing of Dixie Road was negotiated
which resulted in a distribution of $35,000 per $50,000 partnership
unit, in addition to the regular cash flow from the investment.  The
limited partners still own the project

In 2009 - Sturgeon Plaza – Redev arranged a transfer of the project
into a new limited partnership resulting in a return of $22,058 cash
per $25,000 partnership unit.  An unsecured promissory note from the
new limited partnership of $15,000 per partnership unit, set to mature
in 2014, was also provided.  Provided there is no default on the note,
the total expected cash return from this transfer is $37,058.

In 2010, Newport Village was sold for total return (including
quarterly distributions) of $41,000 per $25,000 partnership unit.
This gave an average annual return of 33.2% on this investment.

In 2010 - Whitemud Crossing / Parkdale Square – Redev negotiated a
renewal of the mortgage on the project, resulting in a special
distribution to the limited partners of $607 per $25,000 partnership
unit. This was made in addition to the regular cash flow from the
investment and still owned by the limited partners.

Howard Manley and Richard Crenian of REDEV Properties got their start in the commercial real estate business in 1981. REDEV was one of the first companies in Canada to offer real estate income gain programs (REIG). Thanks to REDEV’s dedicated and disciplined approach it has outlived many of its competitors and enjoys a very high level of loyalty and reinvestment from its investors.

Several years ago, Redev made the decision to change the business model. They began to purchase existing commercial retail malls in growing markets, rather than build new properties. They were able to purchase existing properties far cheaper than it would have cost to build them. This has made it possible for Redev’s investors to realize the highest possible returns.

Here are a few other key facts that have contributed to REDEV’s longevity and success:

• Each of the principals of REDEV has over 30 years of experience in Real Estate development
• Redev really understands the complexities of real estate investing
• Every detail is looked after on behalf of the investor.
• Redev has owned and developed thousands of multi-family units and developed several retail plazas across Canada
• Redev applies a diligent and disciplined approach to acquiring properties in excellent locations in proven markets
• As of 2012, REDEV has built more than 11 thousand residential units in Canada, worth over 1.2 billion dollars and manages assets in access of 350 million dollars for its investors.