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We are not a REIT or a fund. Watershed is structured as a publicly listed TSXV corporation where every asset, every relationship, and every dollar of equity compounds over time.
New construction costs have outpaced what market rents can support. REIT valuations continue to be challenged and focus on stabilized, institutional-scale assets. Private owners approaching transition face a narrow set of options to sell or hold.
Commercial and industrial leases signed 5 to 10 years ago at $5 to $10 per square foot NNN are now renewing at $8 to $18 or more. That’s meaningful organic income growth before any repositioning work begins.
Watershed acquires for below replacement cost, repositions, and operates commercial and industrial properties across Canada, while also offering owners a tax-deferred path. A public company to grow with. A team that does the work.
Illustrative targets only. Not a guarantee of future performance.
Watershed sources deals on and off market through deep broker relationships and direct owner outreach, alongside proactive marketing efforts. Our team are entrepreneurs and owner-operators – we speak the language of the people we buy from, at a business and asset level, not just a financial one.
We structure deals to de-risk before capital is committed. Friendly due diligence windows, milestone-gated closings, and creative terms let us pre-lease, feasibility-test, and build relationships before we close. Pre-construction rigour, competitive trades, and a drive for innovative construction solutions keep our cost basis sharp.
Watershed’s preferred partnership with TradeSpace gives the platform direct visibility into a 230+ member network of growing businesses actively using commercial and industrial space — a proprietary pipeline for build-to-suit mandates and lease-up that doesn’t exist on the open market.
Value should be created at an asset level first, and not by financial engineering to “make it work.”
The core of the platform. Acquire below replacement cost through broker relationships, direct owner outreach, and partner-protected structures — joint ventures, options, and rights of first refusal that provide access to assets before they reach the open market. Reposition to B+/A quality. Capture NOI growth and cap rate compression.
Capital committed only after tenants commit. Pre-leased before construction, milestone-gated through the build. Risk is defined before the spend begins, not projected after. Where ground-up isn’t the right fit, Watershed can also identify and acquire existing space on behalf of businesses, leasing it back on long-term NNN terms or structuring a partnership around the asset.
Owners contribute commercial assets to Watershed in exchange for publicly traded shares. Tax-deferred and estate-efficient. Proprietary deal flow that never reaches the open market, at terms that reflect the owner’s transition needs rather than a competitive auction.
Acquired vacant and neglected. Repositioned into a fully tenanted, income-producing asset with two additional buildings under development on surplus land.
| Building 1 (Complete) — Acquired | $4.3M |
| Building 1 Renovation | ~$2.0M |
| Total Capital Deployed | ~$6.3M |
| As-Is Appraised Value | $9.05M |
| Return on Capital | ~44% |
This is the proof of concept. This is what the platform repeats.
Before
After
| Tranche A | Tranche B | |
|---|---|---|
| Size | $3.5M | $5M+ (no upper limit) |
| Timing | Pre-QT · Open Now | QT Close |
| Pricing | Founder pricing | Pre-QT pricing |
| Instrument | Subscription Agreement/Receipt | Subscription Agreement |
| Extras | Includes options package | Lowest tier before market sets the price |
Founding pricing closes when the Qualifying Transaction files.
Fall 2026
Winter 2026
If you’re an accredited investor and want to understand the platform in detail, reach out directly. The full investor package covers the structure, the pipeline, the asset, and where things stand. Available to qualified parties.
Request Investor PackageConversations about the platform start directly with our management team. No intake form. If Watershed is relevant to what you’re looking at, let’s have a chat.
info@snflwrcorporation.com
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