What Happens After You Express Interest in PRG
How a PRG REIT investment moves from your first conversation to signed documents.
You’ve filled in a form or asked about a PRG REIT project. So what comes next, and what are you actually agreeing to?
The short answer: nothing is settled yet. Saying you’re interested starts a review. It isn’t a commitment to invest.
An expression of interest is a first signal that you’d like to learn about an investment. It begins a process of reading, checking and asking questions before any money moves.
Key takeaways
- Your first conversation starts a review. It does not lock you into anything.
- Read the business plan to see what PRG REIT intends to build and how the project is meant to work.
- The offering and subscription documents set the legal terms. Those papers decide your rights, not a brochure or a talk.
- An exempt market dealer checks whether you’re eligible and whether the investment suits you. You can keep asking questions the whole way through.
What does the first conversation actually do?
The first conversation opens a review. It helps you and PRG REIT find out whether a deeper look makes sense.
Think of it like a walk-through before you rent a space. You’re looking around and asking questions. You haven’t signed a lease.
Bring your questions about the project, your goals and how private real estate fits with the rest of your savings. Nothing said at this stage replaces the formal documents that come later.
Why should you understand the business plan?
PRG REIT builds retirement living and commercial projects. The business plan explains what a given project is meant to be, how it’s expected to progress, and what has to go right along the way.
Read it the way a builder reads a blueprint. Look for what is being built, the stages involved, and what each stage depends on.
If a section isn’t clear, flag it. A business plan you can’t explain back in your own words isn’t one you understand yet.
Which documents set the terms?
The offering and subscription documents are where the legal terms live. National Instrument 45-106 sets out prospectus exemptions in Canada. That instrument covers offerings made with an offering memorandum.
The table below sets out what each type of document is for, so you know where to look for each answer. Your rights depend on the actual documents you’re given, so read the versions for your specific offering.
| Document | What it’s for | What to look for |
|---|---|---|
| Business plan | Explains the project and how it’s meant to unfold | What’s being built, the stages, and what each stage depends on |
| Offering memorandum | Discloses the offering and your legal rights | Risks, use of funds, and the "Purchaser’s Rights" section |
| Subscription agreement | The agreement you sign to buy the securities | Amount, the type of security, and what you’re confirming about yourself |
What rights does an offering memorandum describe?
Form 45-106F2 is the required format for offering memoranda from non-qualifying issuers. It requires the memorandum to state that you have 2 business days to cancel your agreement to buy. To do that, you send a notice by midnight on the 2nd business day after you sign.
The same form requires the memorandum to state that if it contains a misrepresentation, you have the right to sue for damages or to cancel the agreement. Find the "Purchaser’s Rights" section in your own document and read it closely.
What does the exempt market dealer check?
An exempt market dealer is a registered firm that sells securities under prospectus exemptions. Before you invest, the dealer looks at two separate questions.
Eligibility asks whether you qualify to buy under the exemption being used. Suitability asks whether this investment fits your finances, goals and tolerance for risk.
These checks protect you, so expect questions about your income, assets, experience and plans. Give full, honest answers. The review only works when the dealer has an accurate picture of you.
Can you keep asking questions?
Yes, and you should. Questions aren’t only for the first conversation. They belong at every stage, including after you’ve read the documents.
You can print the checklist below and use it as you go. Each item ties back to one of the stages above.
FAQ
Does expressing interest commit me to investing in PRG REIT?
No. Expressing interest starts a review. Your terms are set only by the offering and subscription documents you choose to sign.
Can I cancel after signing a subscription agreement?
It depends on the offering and its documents. Form 45-106F2 requires offering memoranda prepared under that form to state a right to cancel by midnight on the 2nd business day after you sign.
Why does the dealer ask about my finances?
An exempt market dealer has to assess whether you’re eligible under the exemption used and whether the investment suits you. Accurate answers make that assessment meaningful.
What types of projects does PRG REIT build?
PRG REIT builds retirement living and commercial projects. The business plan for each offering explains the specific project.
