Sources:

- On October 27, 2023, McConnell Foundation contributed $420,000 to ACORN Canada for "Funding will contribute to ACORN’s national policy platform with tenants and leaders nationwide, using grassroots expertise to enhance climate policy efforts.  The project will also contribute to affordable housing initiatives. ". The 'Funding Stream' was listed as 'Climate';

Source:

McConnell Foundation Gives ACORN Canada $420,000

(Accessed May 23, 2026)

- McConnell Foundation derives a significant portion of its funding from large private equity firms and maintains a portfolio of "Mission-Related Investments" that are funded by companies such as

Blackrock ($10,000,000 for BlackRock Global Renewable Power Fund II):

Blackrock

And Bridges Fund Management ($15,000,000 for Bridges Fund V)

Bridges Fund Management

Source: McConnell Foundation Portfolio

- On November 15, 2023, 250 Frederick St. (Property PT LT 1-2 PL 429 KITCHENER AS IN 460681; KITCHENER) was sold to 250 FREDERICK INC. for $21,600,000 consideration under a 'NO ASSGN RENT GEN' finance agreement that consisted of $5,400,000.00 cash monies and a mortgage for the remaining $16,200,000.00. The mortgage was financed by Peakhill Capital. This (and other) information can be verified through publicly accessible land register documents on file for this property at ONLand. You will have to pay a small fee to purchase a copy of the land register.

- About a week after the 250 Frederick st. building was purchased, tenants were directed to send rent payments via direct deposit to 1524256 ONTARIO LIMITED. The sole director of 1524256 ONTARIO LIMITED is listed as "MICHAEL KLEIN".

- On September 10, 2025, it was announced that PeakHill Capital had raised $225 million through their inaugural bond issuance on the Tel Aviv Stock Exchange (TASE), marking one of the largest first-time offerings by a Canadian mortgage investment platform.

- Goldfarb Gross Seligman & Co. served as PeakHill Capital's legal counsel for their bond issuance on the Tel Aviv Stock Exchange.

- You can view the live price of PeakHill Capital's corporate bond price on The Tel Aviv Stock Exchange using symbol PKHL.B1

Source: $225 million On TASE

- Since the renovictions have started, I've had a number of conversations with the newly arrived tenants who have been moving into the building. Many of them have recently arrived, from countries such as Eritrea, Sudan, Lebanon and multiple others.

- The same "Michael Klein" noted previously, is also listed as director for the company that owns 221 Melvin Ave. in Hamilton Ontario.

- In 2017, Melvin Apartments Inc. (of which, "Michael Klein" is director), sued Syrian refugees who were placed in his building as part of a re-settlement program due to a dispute over bedbug infestation.

Source: We Had No Bedbugs In Syria

- The property at 285 Melvin Ave, Hamilton Ontario is also a building with Michael Klein as its sole director that has also experienced renovictions. Through an access to information request, any member of the public can request the "Certificate Of insurance" to verify the mortgage insurance for the loan the property at 285 Melvin is a CHMC insured mortgage. CHMC is a crown corporation. CHMC insured loans gets lower interest rates because they are backed by CMHC (A Canadian government corporation). If and when any insured loan goes bad, the government (tax payer) is ultimately the one on the hook, which is why they enjoy a lower interest rate. The ultimate beneficiary of CMHC insured mortgages is the building owner since their mortgage payments will be lower. In the case of 285 Melvin, the mortgage insurance product type is "standard rental housing". According to CHMC, to be eligible for this type of mortgage insurance, the owner must have a "proven competence in managing a similar size and type of property".

Source: Mortgage loan insurance: standard rental housing