Our governance framework is designed to protect our owners, partners and the long-term integrity of Luxara.
Overview
Luxara is built on a governance framework that aligns owners, partners and team around a shared commitment to exceptional places and enduring value.
Structure, policies and oversight are designed to support transparency, accountability and responsible growth, so that Luxara remains a place worth returning to.
Ownership structure
Each Luxara Capital offering is a single-asset Canadian limited partnership tied to one named property. The property is not pooled with others, and the partnership does not hold a portfolio.
Investors hold limited partnership units. The general partner is responsible for the operation of the partnership and the property.
Rights and responsibilities
Limited partners hold economic exposure to one named property and the information rights set out in the partnership agreement.
The general partner is responsible for acquisition, financing, operations, reporting and the eventual disposition of the property, within the terms of that agreement.
Decision-making
Day-to-day operation of the property sits with the general partner and the appointed management company. Decisions that change the nature of the investment sit with the partnership under the terms of its agreement.
The partnership agreement is the governing document, and it is available for review before any conversation about subscribing.
Transparency
Key terms and materials are available for review before the conversation rather than after it. Reporting to limited partners is quarterly, with annual partnership tax reporting in March.
Our partners
Legal structuring is handled by Gowling WLG. Property-level transactions are handled by MLT Aikins. Each property is operated by a specialist management company appointed for that market.
Long-term vision
Luxara acquires a small number of properties and holds them well. Growth is measured by the quality of each acquisition rather than by the number of them.
Related resources
Long-form research on Canadian private real estate, accredited-investor rules, single-asset partnerships and exits sits in the research library.
Review the offering first. Speak with the team when you are ready.