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Tri City is a group of privately owned mortgage trusts and land development companies. Our mortgage trusts provide a capital preservation strategy with a steady return, whereby we invest our capital alongside our investors’. Under a separate management and corporate division, our land development projects are long term investments that we actively control.
Learn about how we guard our capitalThe Goodman family started mortgage investing in the early 1960’s as a syndicate of family and friends at a bridge table. After Ruth Goodman passed on the torch to her son, Michael, who reasoned that to select top-tier mortgages, the capital base needed to grow. Since then, Tri City has grown to manage two mortgage trusts with over 450 investors. The first trust was launched in 2010, and the next one in 2015. In both trusts, management and founders are actively invested, including the family of Sandy Oh, the fund manager and Michael, the founder. To ensure interests are aligned, management and founder capital are treated on par with investors’, with one exception: $4m of Mr. Goodman’s capital is subordinate such that the investors are paid before Mr. Goodman is.
Loans funded since inception: $1 billion +
Number of investor accounts across mortgage trusts: 200+
Number of years delivered targeted returns:
- 13 years for Tri City Mortgage Fund
- 9 years for Tri City Group Monthly Income Mortgage Trust
Value of loans we evaluate each year: $600m.
We fund approximately 1 out 9 deals we see.
The founder has invested over $4 million into our two mortgage trusts as subordinated capital.
Value of real estate under development: $470m
Acres of real estate under development: 356
Where we are currently investing: Kelowna, Edmonton and Cold Lake, Alberta
Doors under development
Acres under development
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Address
Suite 350 - 1201 Pender Street West Vancouver. B.C. V6E 2V2
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Monday – Friday,
except holidays
09:00 – 17:00
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