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Due Diligence

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Featured 2026.07.01

How to Evaluate a Development Partnership as an LP in Canada .

Due diligence checklist for limited partners evaluating real estate development partnerships in Canada. GP track record, returns, risk, and docs.

Evaluate a development LP by vetting the GP's track record, reviewing the offering memorandum, stress-testing projected returns, confirming CMHC or takeout financing, and understanding your capital call and exit timeline. Typical LP preferred returns run 8-12% with 2-5 year hold periods.

Portrait of Scott Dillingham
Scott Dillingham
Partnerships & Capital Raising

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