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July 2015
| Business World
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split quarterly – 25, 25, 25, 25 between new
construction and renovation between their
residential and commercial ventures. Head-
quartered in Sackville, the very small com-
munity with a population of 6,000, Fraser
and his team of 12 full-time employees capi-
talized on the community’s commitment
to higher education and student housing to
find their niche project range.
“Sackville happens to be a university town,
which is home to Mount Allison Univer-
sity –the top ranked undergraduate school
in Canada,” Fraser said. “I had a tenant at
Mount Allison many years ago and at that
time there were no purpose built apartment
buildings for students.”
“I had a piece of property with a vacant lot
across the street from the campus and my
friend, who’s an architect and I determined
that higher density – we could put more stu-
dents per square foot of property than we
ever could for the senior market,” Fraser con-
tinued. “So I decided to build a complex for
student housing.”