Local rental real estate, with the rigour of an institution.
Silverbrick Asset Management is a private real estate fund based in Montréal. It invests accredited investors' capital in multi-residential buildings in Québec, alongside local operators who commit their own money.
Each party does what it does best.
You provide the capital
You invest as a limited partner: no management role, and liability limited to your investment.
The operator runs the building
They find the building, invest their own money and manage it: tenants, leases, maintenance, renovations.
Silverbrick oversees
The fund selects the projects, sets up the structure and the financing, then monitors execution. It decides on refinancing and sale.
Silverbrick operates no buildings. The fund finances good operators and oversees them.
- Buildings
- Multi-residential, 12 to 100 units
- Market
- Greater Montréal and the province of Québec
- Strategies
- Repositioning, targeted development, recent buildings
- Horizon
- Two to five years targeted per project
- Vehicle
- Limited partnership; one series of LP units per project
- Access
- Accredited investors only, for now
The principle of a private REIT. A different way of doing it.
You know our local REITs: capital pooled to own rental buildings. Silverbrick starts from the same principle and changes how it's done.
Silverbrick is a limited partnership, not a real estate investment trust (REIT). The comparison is meant to situate the model; it is general and given for illustration.
What this approach gives you
Diversification
Several buildings, operators and strategies. Your capital can be spread across several projects, the fund's best picks.
Access to the best projects
Tied to no operator, the fund selects the best projects from among several, including off-market ones.
Vetted partners
Each operator's track record, skills and finances are verified. They put their own money into every project.
Decisions rest with the fund
Financing, refinancing, sale: the fund decides. If the market changes, the plan adjusts; if needed, the operator is replaced.
Capital invested here
Rental housing in Québec, run by people from the industry. Buildings you can go and see.
An institutional framework
Independent appraisal at purchase, refinancing and sale. Fund financial statements, with an external audit from 100 units.
A structure designed to protect your capital
- Fund: control and priority
- Operator A: capital and management
- Fund: control and priority
- Operator B: capital and management
- Fund: control and priority
- Operator C: capital and management
At refinancing or sale, once the building's debt is settled, you are paid before the operator and before the general partner. The operator's capital absorbs the first loss.
Each building is held in its own company and each project has its own series of units, so that a problem stays confined to its building.
They invest out of their own pocket in every project, and their capital ranks behind yours. Their track record and finances are verified before any agreement.
Financing, refinancing, sale, replacing the operator: the fund decides. The reserve does not leave the building without its decision.
C.A.R.E.: risk assessed in writing, before every decision
C.A.R.E. (Capital & Asset Risk Evaluation) is the fund's internal risk mechanism, separate from deal sourcing: five mandates, a written opinion before any decision that commits capital, and monitoring of each building through to exit. Every project must hold up in a prudent scenario. No investment without its written opinion and a recorded decision of the investment committee.
These mechanisms reduce risk without eliminating it. Neither capital nor results are guaranteed.
Tools that work for you
Artificial intelligence is built into all of the fund's operations. It monitors every building continuously and flags deviations from the plan early. Decisions remain human.
Your projects, anytime
Direct, continuous access to the projects you've invested in, with up-to-date performance.
An answer within 24 hours
Any information you request about your projects is provided within 24 hours.
Regular reports
A quarterly report per project and the fund's annual financial statements.
Flexibility for your capital
At commitment
You keep your capital until the capital call, or you deposit it with the fund, which places it in liquid instruments until it is deployed.
At deployment
The fund notifies you of the series in which it is placing your capital, and you confirm. Each series is tied to a single project.
During the project
After one year, a redemption may be requested with notice, subject to available liquidity. The penalty applies to the projected return, not to the capital.
At exit
Repayment is planned at refinancing or sale; your participation in the project then ends. Target horizon: two to five years.
For now, a fund reserved for accredited investors.
Units are reserved for accredited investors within the meaning of Québec securities regulations. Minimum investment: $50,000. Opening the fund to other categories of investors will be considered later.
Who is behind Silverbrick
Nick Slobodinuk, founder. Eighteen years structuring real estate transactions and advising private investors, more than $250M in transaction volume as a broker, and an active multi-residential investor. He never acts as a broker in a fund transaction.
Let's see if the fund is right for you.
Leave us your contact details. Nick will call you back personally to discuss it, with no obligation.