Competitors

EMDs, wealth managers, and alternative investment platforms — with their offerings, risk/reward analysis, and Goodland fit scores

Skyline Wealth Managementhighwww.skylinewealthmanagement.ca 3 offerings

EMD offering private REITs across apartment, industrial, retail real estate and clean energy infrastructure. $10B+ AUM. Focus on secondary Canadian markets.

AUM: $10B+· Accredited investors, HNW Canadians
Skyline Apartment REIT#1Private REITopen
8/10

Private REIT investing in multi-residential properties in secondary Canadian markets. Stable cash flow from rental income with appreciation upside.

Target Return

8-10% total return

Min Investment

$25,000

Distribution

monthly

Liquidity

quarterly

Risk Level

5/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

illiquidityconcentration in secondary marketsinterest rate sensitivity

Reward Profile

Steady income with moderate growth. Monthly distributions provide reliable cash flow. Downside protected by essential housing demand.

Goodland Fit Analysis

Strong fit for Goodland. Multi-residential REITs align with investor demand for stable income. Secondary market focus differentiates from public REITs. Could partner or create similar product.

Eligible: RRSP, TFSA, RESP, Non-registeredAUM: $4B+Recent: ~8.5% in 2025Source
Skyline Industrial REIT#2Private REITopen
7/10

Private REIT investing in light industrial properties along major Canadian transportation corridors. Focus on logistics and industrial warehousing.

Target Return

8-10% total return

Min Investment

$25,000

Distribution

monthly

Liquidity

quarterly

Risk Level

5/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

illiquiditye-commerce dependencysupply chain shifts

Reward Profile

Strong income component with growth driven by e-commerce and logistics demand. Industrial assets have lower tenant turnover than retail.

Goodland Fit Analysis

Industrial RE is high demand. E-commerce tailwind makes this asset class attractive. Goodland could explore partnerships with industrial REIT managers.

Eligible: RRSP, TFSA, Non-registeredAUM: $3B+Recent: ~9% in 2025Source
Skyline Clean Energy Fund#3Clean Energyopen
9/10

Fund investing in renewable infrastructure assets including solar and biogas across Canada. Backed by long-term government contracts.

Target Return

7-9% total return

Min Investment

$25,000

Distribution

quarterly

Liquidity

annually

Risk Level

4/10

Suitability

Conservative

Eligibility

Accredited Only

Risk Factors

regulatory risktechnology obsolescencegovernment contract renewal

Reward Profile

Lower volatility income stream backed by long-term government contracts. ESG-aligned. Inflation-protected through CPI-linked contracts.

Goodland Fit Analysis

Excellent Goodland fit. Clean energy is high investor demand. Government-backed contracts reduce risk. ESG alignment attracts younger HNW investors. Strong differentiation opportunity.

Eligible: RRSP, TFSA, Non-registeredAUM: $1B+Recent: ~7.5% in 2025Source
Centurion Asset Managementhighcenturion.ca 2 offerings

Leading Canadian asset manager specializing in apartment REIT and financial trust (mortgages, debt). 22,000+ multi-family units across 45 cities. Redemption restrictions active since 2025.

AUM: $5B+· Accredited investors, HNW
Centurion Apartment REIT#4Private REITrestricted
6/10

Private REIT owning 22,000+ multi-family apartment units, medical offices and student housing across 45 cities in Canada and US. Monthly distributions with DRIP at 2% discount.

Target Return

8-12% total return

Min Investment

$25,000

Distribution

monthly

Liquidity

lock up

Risk Level

6/10

Suitability

Growth

Eligibility

Accredited Only

Risk Factors

illiquidityredemption restrictions activeconcentration riskinterest rate sensitivity

Reward Profile

Higher return potential than Skyline due to student housing and US exposure, but redemption restrictions signal liquidity stress. DRIP at 2% discount incentivizes reinvestment.

Goodland Fit Analysis

Cautionary example. The managed redemption program is a red flag. However, the multi-residential + student housing model shows demand for diversified RE strategies. Goodland should offer more liquid alternatives.

Eligible: RRSP, TFSA, Non-registeredAUM: $5B+Recent: ~9% in 2025 (nav-based)Source
Centurion Financial Trust#5Private Creditrestricted
7/10

Income and growth trust investing in diversified portfolio of mortgages, opportunistic RE developments, and corporate debt.

Target Return

8-10% yield

Min Investment

$25,000

Distribution

monthly

Liquidity

lock up

Risk Level

7/10

Suitability

Growth

Eligibility

Accredited Only

Risk Factors

credit riskdevelopment riskilliquidityinterest rate risk

Reward Profile

Higher yield through mortgage lending and opportunistic development financing. More volatile than pure rental REIT but higher income potential.

Goodland Fit Analysis

Private credit/mortgage fund model is highly replicable. Goodland could partner with experienced mortgage originators. Strong investor demand for income alternatives to GICs.

Eligible: RRSP, TFSA, Non-registeredAUM: $1.5B+Recent: ~9.5% in 2025Source
Pinnacle Wealth Brokersmediumwww.pinnaclewealth.ca 2 offerings

Calgary-based EMD specializing in RE, mortgages, oil & gas, land development, and private equity growth. Targets 8-15% returns. $25M annual revenue.

AUM: N/A· Accredited investors, western Canada focus
Private RE Equity Offerings#9RE Equityopen
7/10

Diverse private real estate equity investments including multi-family, commercial, and mixed-use properties. Cash flow + appreciation.

Target Return

8-15% target

Min Investment

$25,000

Distribution

monthly

Liquidity

illiquid

Risk Level

7/10

Suitability

Growth

Eligibility

Accredited Only

Risk Factors

illiquidityproperty-specific riskdevelopment riskmarket cycle

Reward Profile

Wide return range reflecting diverse deal quality. Monthly cash flow from stabilized assets with equity upside from value-add strategies.

Goodland Fit Analysis

Good model for Goodland. Pinnacle shows that offering diverse RE equity deals through a network of PM partners works at scale. The 8-15% target range attracts growth investors.

Eligible: RRSP, TFSA, Non-registeredAUM: N/ARecent: Deal dependentSource
Mortgage/MIC Funds#10Mortgage/MICopen
8/10

Mortgage investment corporation products offering lending-based returns secured by Canadian real estate.

Target Return

8-10% yield

Min Investment

$25,000

Distribution

monthly

Liquidity

annually

Risk Level

5/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

credit riskproperty value declineborrower defaultinterest rate risk

Reward Profile

Steady income secured by real property. Lower volatility than equity real estate. Monthly distributions.

Goodland Fit Analysis

MICs are one of the most popular EMD products in Canada. Well-understood by investors. Goodland should definitely have MIC offerings in portfolio — strong fit.

Eligible: RRSP, TFSA, Non-registeredAUM: N/ARecent: ~9% in 2025Source
Nicola Wealthhighnicolawealth.com 3 offerings

Portfolio manager + EMD + IFM. Offers private equity, private debt, mortgages, infrastructure, and venture capital. One of Canadas fastest growing wealth firms. Redemption limits on some products.

AUM: $10B+· HNW, UHNW, Institutional
Nicola Private Debt Fund#6Private Creditopen
7/10

Private debt fund providing exposure to diversified portfolio of senior secured and subordinated loans.

Target Return

7-9% yield

Min Investment

$100,000

Distribution

quarterly

Liquidity

quarterly

Risk Level

5/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

credit riskinterest rate riskborrower default

Reward Profile

Stable income from senior secured lending. Lower risk than equity-like alternatives. Floating rate exposure provides natural interest rate hedge.

Goodland Fit Analysis

Private debt is in very high demand. Senior secured lending offers attractive risk-adjusted returns. Goodland should explore partnerships with private debt managers.

Eligible: RRSP, TFSA, Non-registeredAUM: N/ARecent: 7.8% in 2025Source
Nicola Venture Capital LP#7Venture Capitalopen
4/10

Venture capital limited partnership investing in scaling companies from early-stage Series A through later-stage technology growth.

Target Return

15-25% target IRR

Min Investment

$250,000

Distribution

none

Liquidity

illiquid

Risk Level

9/10

Suitability

Speculative

Eligibility

Accredited Only

Risk Factors

high failure rateilliquiditylong hold periodtechnology riskdilution

Reward Profile

High risk/high reward. J-curve pattern with negative early returns followed by potential outsized gains. Portfolio approach mitigates single-company risk.

Goodland Fit Analysis

Too risky and illiquid for most Goodland investors. VC requires deep expertise and patient capital. Not a near-term priority unless Goodland builds dedicated VC team.

Eligible: Non-registeredAUM: N/ARecent: Vintage dependentSource
Nicola High Yield Bond Fund#8Private Creditopen
6/10

Fund investing in diversified portfolio of high yield corporate bonds with active management.

Target Return

6-8% yield

Min Investment

$50,000

Distribution

monthly

Liquidity

monthly

Risk Level

6/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

credit riskdefault riskinterest rate sensitivitymarket volatility

Reward Profile

Higher yield than investment-grade bonds with active management to navigate credit cycles. More liquid than private alternatives.

Goodland Fit Analysis

Decent fit but competes with public market alternatives. Goodland should focus on truly private, harder-to-access opportunities where EMD license creates value.

Eligible: RRSP, TFSA, Non-registeredAUM: N/ARecent: 7.2% in 2025Source
Timbercreek / TC Alternativesmediumtimbercreek.com 2 offerings

Niche alternative investment manager offering resource fund, litigation fund, and private credit strategies. Partnership model via TC Alternatives.

AUM: $2B+· Accredited investors, institutional
Timbercreek Resource Fund#11Resource Fundopen
5/10

Fund targeting investments across the natural resources sector including mining, energy, and agriculture.

Target Return

10-15% target IRR

Min Investment

$50,000

Distribution

variable

Liquidity

illiquid

Risk Level

8/10

Suitability

Aggressive

Eligibility

Accredited Only

Risk Factors

commodity price volatilitypolitical riskenvironmental liabilityilliquidity

Reward Profile

High return potential tied to commodity cycles. Provides portfolio diversification uncorrelated to traditional assets. Volatile but can hedge inflation.

Goodland Fit Analysis

Niche product. Resource funds are counter-cyclical and appeal to sophisticated investors. Goodland could explore if commodity cycle turns favorable.

Eligible: Non-registered, RRSPAUM: N/ARecent: Cycle dependentSource
Timbercreek Litigation Fund 2026#12Litigation Fundopen
3/10

Alternative fund providing exposure to non-correlated returns through funding of US mass tort litigation.

Target Return

15-20% target IRR

Min Investment

$100,000

Distribution

none

Liquidity

illiquid

Risk Level

8/10

Suitability

Speculative

Eligibility

Accredited Only

Risk Factors

legal outcome uncertaintylong durationregulatory riskilliquidity

Reward Profile

Truly non-correlated returns. High target IRR but binary risk on individual cases. Portfolio approach across multiple cases mitigates risk.

Goodland Fit Analysis

Too niche for Goodland currently. Litigation finance requires deep legal expertise. Interesting for future diversification but not near-term priority.

Eligible: Non-registeredAUM: N/ARecent: N/A - new vintageSource
Axcess Capital Advisorslowwww.axcesscapital.com

RE-focused EMD registered in BC, AB, SK, MB, ON. Partners with multiple portfolio managers to offer diverse private capital opportunities.

AUM: N/A· Accredited investors, western Canada
Fundscrapermediumwww.fundscraper.com 1 offering

Digital real estate investment platform and EMD. 11,500+ members, $500M+ invested. Low minimum ($5K). Partners with Western Wealth Capital.

AUM: $500M+ invested· Accredited and eligible investors
Western Wealth US Multifamily Fund#13RE Equityopen
6/10

Fund investing in US multifamily real estate through Western Wealth Capital partnership. Value-add strategy targeting apartment communities.

Target Return

12-18% target IRR

Min Investment

$5,000

Distribution

quarterly

Liquidity

illiquid

Risk Level

7/10

Suitability

Aggressive

Risk Factors

US market riskcurrency riskproperty-specific riskilliquidityvalue-add execution risk

Reward Profile

Higher returns through value-add strategy (renovate, increase rents, stabilize, exit). US multifamily benefits from population growth and housing shortage.

Goodland Fit Analysis

Low minimum is innovative. US multifamily value-add is proven strategy. Goodland could explore lower minimums through technology platform. Cross-border adds complexity.

Eligible: Non-registered, RRSPAUM: $500M+ investedRecent: Deal dependent, ~14% historic IRRSource
Parvis Investlowwww.parvisinvest.com

EMD providing end-to-end back office support and partner program. Focus on Canadian private market access including MICs and real estate.

AUM: N/A· Accredited investors
FrontFundrlowwww.frontfundr.com

Equity crowdfunding platform EMD. Allows both accredited and non-accredited investors to invest in early-stage startups and growth companies.

AUM: N/A· Accredited + non-accredited
Equivestolowequivesto.com

Angel investment + crowdfunding portal EMD. Registered in all provinces. Facilitates investments in startups, small businesses, funds, and real estate.

AUM: N/A· Angel investors, accredited
KingSett Capitalmediumwww.kingsettcapital.com 1 offering

Private equity real estate firm. Equity + credit strategies. Toronto-based. Custom real estate investment solutions. Founded 2002.

AUM: $5B+· Institutional, HNW
KingSett Real Estate Income Fund#17RE Equityrestricted
4/10

Institutional-quality commercial real estate income fund. Diversified across office, retail, industrial, and multi-residential.

Target Return

8-12% target

Min Investment

$250,000

Distribution

quarterly

Liquidity

lock up

Risk Level

7/10

Suitability

Growth

Eligibility

Accredited Only

Risk Factors

redemption restrictionsinterest rate sensitivityoffice sector weaknessilliquidity

Reward Profile

Institutional-quality assets with professional management. However, office exposure is a drag. Redemption restrictions active.

Goodland Fit Analysis

Too institutional for Goodland core market. $250K minimum excludes most EMD investors. However, the diversified commercial RE model is instructive.

Eligible: Non-registeredAUM: $5B+Recent: NAV-based, restrictedSource
Ninepoint Partnershighwww.ninepoint.com 2 offerings

$8B AUM. Private credit, alternative strategies. Redemption restrictions on several funds. Third Eye Capital partnership. Toronto-based.

AUM: $8B· Accredited, institutional
Ninepoint TEC Private Credit Fund II#14Private Creditrestricted
5/10

Private credit fund in partnership with Third Eye Capital. Senior secured and subordinated lending to mid-market companies.

Target Return

8-12% yield

Min Investment

$50,000

Distribution

quarterly

Liquidity

lock up

Risk Level

7/10

Suitability

Growth

Eligibility

Accredited Only

Risk Factors

credit riskilliquidityredemption restrictions (3% quarterly cap)borrower concentration

Reward Profile

Higher yield than traditional fixed income. Floating rate provides rate protection. However, redemption restrictions signal portfolio stress.

Goodland Fit Analysis

Warning sign: redemption restrictions indicate underlying portfolio issues. Goodland should learn from this — any private credit offering needs robust liquidity management. The product structure is sound but execution matters.

Eligible: RRSP, TFSA, Non-registeredAUM: $1.3BRecent: ~9% in 2024, restrictions in 2025Source
Ninepoint-Monroe US Private Debt Fund#15Private Creditopen
6/10

CAD-hedged fund providing access to US private lending market through Monroe Capital partnership.

Target Return

7-9% yield (CAD hedged)

Min Investment

$25,000

Distribution

quarterly

Liquidity

quarterly

Risk Level

6/10

Suitability

Moderate

Eligibility

Accredited Only

Risk Factors

US credit riskcurrency hedge costinterest rate riskmanager risk

Reward Profile

US private lending market is deeper and more diverse than Canadian. CAD hedging removes currency risk. Partnership with Monroe provides deal flow.

Goodland Fit Analysis

Interesting cross-border model. US private debt market offers more opportunities. CAD-hedged structure appeals to Canadian investors. Goodland could explore similar partnerships.

Eligible: RRSP, TFSA, Non-registeredAUM: N/ARecent: ~8% in 2025Source
Romspen Investment Corporationmediumwww.romspen.com 1 offering

$3.2B AUM private mortgage lender. Redemptions frozen. One of Canadas largest private mortgage funds.

AUM: $3.2B· Accredited investors
Romspen Mortgage Investment Fund#16Mortgage/MICsuspended
3/10

One of Canadas largest private mortgage funds. Short-term commercial mortgage lending secured by Canadian and US real estate.

Target Return

8-10% historic yield

Min Investment

$50,000

Distribution

monthly

Liquidity

lock up

Risk Level

8/10

Suitability

Aggressive

Eligibility

Accredited Only

Risk Factors

frozen redemptionscredit riskreal estate downturnconcentration riskregulatory scrutiny

Reward Profile

Historically strong returns from commercial mortgage lending. However, redemption freeze since late 2024 is a major red flag. Investors cannot access capital.

Goodland Fit Analysis

AVOID as model. Romspen is a cautionary tale — frozen redemptions destroy investor trust. Goodland must ensure any mortgage fund offering has robust liquidity management and transparent communication.

Eligible: RRSP, TFSA, Non-registeredAUM: $3.2BRecent: Returns unclear due to NAV uncertaintySource
Western Wealth Capitalmediumwww.westernwealthcapital.com

US multifamily real estate specialist. $3B+ transactions since 2014. 22,000+ units acquired. Distributes through Fundscraper.

AUM: $3B+ transactions· Accredited investors