Calgary, AB — It’s been a busy month for Arlington Street Investments’ (ASI) founder and CEO, Frank Lonardelli. After accepting a Business in Calgary Leaders Award on June 29, 2016 amongst a small group of fellow entrepreneurs from the Calgary community, he was named as one of four finalists for the EY Emerging Entrepreneur of the Year Award for the Prairies Region on July 6.

EY Entrepreneur of the Year is the world’s most prestigious business award for entrepreneurs. The unique award encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement.

“Our entrepreneurs are building a better working world one company at a time,” says Rob Jolley, EY Entrepreneur of the Year Prairies Program Director. “We are consistently impressed with the caliber of men and women who are leading businesses, driving our economy forward and providing jobs to thousands of people. We have a top notch group of finalists.

Winning the award at EY’s October 13 Gala would be the first step towards Lonardelli competing with other entrepreneurs in and around the world to win the EY World Entrepreneur of the Year Award in 2017.

ASI’s unique business model has garnered the company significant attention in recent months. Lonardelli’s knack for identifying emerging neighborhoods and acquiring and developing high end mixed use properties has made ASI one of the largest property owners along Calgary’s prestigious 17th Avenue corridor.

“I’m an entrepreneur first, a real estate developer second,” says Lonardelli. “That perspective and attitude influences everything we do at ASI, from acquiring assets to developing them, all the way through to tenanting.”

Lonardelli is also well known for his philanthropic endeavors and supports many local and national charities. His primary philanthropic focus is the Arlington Street Foundation and its unique scholarship program. He sees its launch and his investment into the program as one of his greatest accomplishments to date. Lonardelli established the scholarship fund to support graduating students from Gordon Bell High School in Winnipeg – the same high school he graduated from – to overcome their own personal adversity in the pursuit of higher education. He believes that with a combination of mentorship and financial support, young people, regardless of circumstance, can achieve great things.

ASI is a Calgary-based boutique urban developer and multiple award-winning investment company led by Lonardelli. ASI is focused on growth and value creation through the entire development process.

ASI creates legacy properties that are built to stand the test of time and to create exceptional live, work, play urban experiences innovative and thoughtful design. The company’s most recent acquisitions along Calgary’s 17th Avenue corridor include ASI Sentinel Block LP, ASI High Street LP, ASI National Block LP, and its ASI Royal Park LP. The company plans to announce the and launch of two more high profile projects located on Calgary’s famous Red Mile before the end of 2016, making the the largest property owner along the corridor.

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Calgary, AB — Arlington Street Investments (ASI) has closed a five property deal along the 800 block of 17th Avenue SW, including the longstanding, family-owned restaurant Buon Giorno.

Over the next 12 to 24 months, ASI will work to determine its final development program for the properties, but a redevelopment will not begin for at least five years. In the meantime, ASI Founder and CEO Frank Lonardelli is going to great lengths to ensure the block’s current charm is preserved. He purchased the Buon Giorno Restaurant from the founder and retiring owner Gabriel Bautista, who has managed the restaurant since 1988.

“Buon Giorno is a long standing staple on 17th Avenue’s High Street and one of the best Italian restaurants in the city,” says Lonardelli. “I’m pleased to be able to ensure its legacy continues as part of this acquisition.”

The restaurant will be managed by Lonardelli’s friend and restauranteur Claudio Carnali, who has owned a number of wellknown Italian restaurants in Calgary, including Da Paolo and Il Gallo Nero.

The purchase of the five properties fits within Lonardelli’s vision of seeing Calgary’s 17th Avenue area evolve into Calgary’s unique answer to Vancouver’s Robson and Toronto’s Bloor Street.

The recent acquisitions are part of a larger strategy by ASI to acquire key properties along the southwest end of Red Mile
over the past two years, including:

• the National Block on 17th Avenue and 5th Street;
• the Brava Bistro site on 17th Avenue and 7th Street;
• the Prema site (former American Apparel building) on 17th Avenue and 14th Street; and,
• the entire northwest corner of 17th Avenue and 14th Street, previously known as the Condon Block.

These acquisitions make ASI one of the largest property owners along 17th Avenue, if not the largest.

“Our ability to acquire these assets has allowed us to solidify our plan to create a critical mass of properties in the area,” says Lonardelli. “We want to look at this corridor holistically and collaborate with other developers to ensure that the nearly $2 billion in new and immediate investment along 17th Avenue has been well thought out and contributes to a vibrant and diverse neighborhood for years to come.”

ASI is a Calgary-based boutique urban developer and multiple award winning investment company founded and led by entrepreneur, Frank Lonardelli. ASI is fundamentally focused on growth and value creation through the entire development process. It creates legacy properties that are built to stand the test of time through innovative and thoughtful design.

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CALGARY, May 21, 2015 – Arlington Street Investments (“ASI”) is pleased to announce that it has been awarded the Commercial Real Estate Deal of the Year by the Private Capital Markets Association of Canada (“PCMA”) on the financing syndication and development of the Haiku Management Limited Partnership (“Haiku”). This is the second time in three years that ASI has won this prestigious award – the first being in 2013 for their 8th Avenue Limited Partnership in Calgary – and is the first time that an issuer in Canada has won the award more than once. The PCMA awards encourage best practices, high standards of conduct and recognize private capital market business leaders who are helping build a vibrant and successful private capital market in Canada.

The ‘Haiku’ property was strategically purchased in the southwest Beltline area of Calgary, a neighborhood in transition that has experienced many exciting redevelopments in its movement towards gentrification. Since successfully repositioning and stabilizing the asset just over 5 years ago, this property is now surrounded by a number of newly announced, high profile, high density developments. Completely renovated, the Haiku building provides an attractive retail and entertainment destination for locals and visitors to the area.

The Haiku investment has provided strong, positive cash flow and high yield annual income to its investors, resulting in a triple digit cash-on-cash return. In the first quarter of 2015, this project was fully refinanced by ASI – a full quarter ahead of its 5-year financing schedule. As a result, investors received 100% of their original invested capital in March 2015, in addition to receiving 7.5% distributions annually since 2010. The investors still own their original units, which have tripled in value. More information on this project can be found at //www.arlingtonstreet.ca/?p=0&action=property&ID=684.

“We’re extremely pleased with this award as it showcases the success of our business strategy,” stated Frank Lonardelli, President and Chief Executive Officer. “I believe that several things contributed to our award: (1) our innovative approach to structured investment products, (2) our unique view towards real estate (aggressive redevelopment that consults and builds long-term relationships with tenants and the community), and (3) our dedication to educating the marketplace. Our investment projects revitalize and enhance neighborhoods, while providing significant returns to our investors.”

Nominees for the PCMA’s Private Capital Deals of the Year are evaluated based on their leadership in the industry, their contribution to the deal, innovative market, product or investment opportunities created, the benefits of the deal for the issuer and for investors, and the overall impact of the deal on the quality and integrity of the private capital markets. The exempt market in all of Canada is well over $140 billion dollars and continues to grow as a significant source of wealth.

ABOUT ARLINGTON STREET INVESTMENTS

Arlington Street Investments (“ASI”) is a Calgary based investment firm that is dedicated to providing high quality real estate investments through private market financings. Our business is focused on building relationships, strengthening partnerships, and enhancing value throughout the entire development process. Our strategy is to identify real estate projects that can be positioned for an increase in value through active development, redevelopment and
repositioning.

ASI represents the next generation of developers: entrepreneurs committed to aligning the values of the community with our own to revitalize and enhance neighbourhoods, and create iconic buildings that stand the test of time. Committed to innovation and strategic thinking, ASI creates projects that yield significantly higher total returns than traditional real estate investment options. Our investment philosophy is based on total returns balanced with capital preservation and equity appreciation. Our projects are designed structurally to not only return, but double equity within a 5-year period, and to drive high single digit yield returns during the holding period. ASI’s projects range from $15 to $100 million.

We believe strongly in a high level of integrity, honesty, investor education and giving back to the community. ASI hosts ‘Frankly Speaking’ on its website, providing knowledge about the private market, investing and the industry. We created the Arlington Street Foundation Scholarship (‘ASFS’), a non-for profit volunteer organization which funds and supports postsecondary education of students who are distinguished by their resiliency, ability to overcome adversity and commitment to succeed. The ASFS has successfully transitioned its first recipient, who has graduated from the University of Winnipeg with a degree in Education in 2014.

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