Investments In Focus
Millennium III Group of Companies
Product Overview
Founded in 1981 in Saskatoon, Saskatchewan, The Millennium III Group of Companies has been helping Canadians participate in the collective ownership of commercial real estate for more than four decades.
For most investors, entering this market independently can be difficult. High capital requirements, financing challenges, and the complexities of managing and leasing often make it inaccessible.
Millennium III changes that. Through their limited partnerships, investors can collectively participate in commercial real estate projects across Western Canada and benefit from the same long-term advantages that institutional investors have enjoyed for years such as long-term cash flow, growth potential, and tax efficiency.
Investment Thesis
At Millennium III, they believe that real wealth in real estate is built over time, not through quick flips or short-term exits, but through disciplined ownership and steady growth. Their focus is simple: acquire well-located, undervalued assets, enhance their value through property refurbishment, active management, and hold them for the long-term.
This approach allows investors to benefit from the quiet power of equity growth. Rising rents, mortgage paydown, and appreciation all working together over time to build lasting value. It’s not flashy, but it’s proven. And in real estate, proven and durable wins when the goal is long-term stability and wealth preservation.
Team
With Millennium III, investors invest in experience, stability, and a proven track record that spans over four decades.
Their leadership team has remained remarkably consistent since the company’s founding in 1981. Founder Everett Kearley continues to serve as Chairman, while his son, John Kearley, President, brings more than 30 years of experience within the group. Supporting them are four divisional Vice Presidents, averaging two decades of tenure with Millennium III.
For their investors, this means confidence knowing their capital is managed by a team that has successfully navigated every real estate cycle for over 40 years. With more than 1,700 investors, 73 commercial properties, and $475 million in assets under management, their success is built on consistency, experience, and trust.
Offering Terms
- Minimum investment for one partnership unit is $24,700.
- The year of investment, investors receive a tax deduction of approximately $12,000, which can be applied to reduce personal or corporate taxable income.
- The mortgage on each property is typically retired within 15 years, with modest early annual distributions of around $400 per investment unit. This conservative approach allows Millennium III to focus on reducing debt as quickly as possible.
- Based on their projections, each $24,700 investment unit is targeted to generate approximately $5,000 in annual net rental revenue once the mortgage is paid, with the potential of continued growth over time.
- Many of their earlier projects with fully retired mortgages have been held for over 25 years and continue to operate as income-producing assets, providing investors with a steady income stream well into retirement and often carried forward for the next generation to enjoy.