How is Fundscraper Property Trust different from a Private Real Estate Investment Trust (REIT) or a MIC?

Fundscraper Property Trust (“FPT”) is a private investment vehicle classified as a “mutual fund trust” under the Income Tax Act which sells units to investors and then uses a pool of capital to invest in private mortgages, collects monthly interest, and passes that to its unit owners as monthly income. FPT offers different secured mortgage asset pools that, while they are not guaranteed or insured, are reflective of risk tolerance and suitable for registered user’s goals. You can invest in Fundscraper Property Trust with as little as $5,000. In some cases, units offered by FPT will be eligible for Registered Funds like RRSPs, RRIFs, and TFSAs. 

When you invest in a public mutual fund, the fund managers invest your money, along with the money of all the other unitholders (investors in the fund), in a portfolio of investment assets that might include equity securities (stocks), debt securities (bonds), Treasury bills and more. Mortgage Investment Corporations (“MICs”) are public vehicles which pool mortgages. Private REITs are real estate funds or companies that are exempt from SEC registration and whose shares do not trade on national stock exchanges. Private REITs generally can be sold only to institutional investors.

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