The Metro Vancouver Apartment Portfolio represents the significant sale of two compelling and sizable rental apartment assets comprising a total of 153 rental units in Vancouver and New Westminster;
CBRE National Apartment Group - BC was mandated by the Vendor to seek a suitable and credible purchaser for two of their assets; one of which is a trophy concrete high-rise apartment in the West End of Vancouver, and the other being a sizable asset of scale on a substantial land footprint minutes away from the New Westminster waterfront;
Our Apartment sales team consulted the Vendor on their overall property portfolio and provided in-depth evaluations of property values on both existing improvements basis and underlying land value;
Following the comprehensive underwriting of the two assets, our team sourced the buyer and assisted the Vendor throughout the offer, negotiations, and due diligence process;
The end-result is that our Apartment Sales team successfully brokered and advised on the successful sale of the only rental concrete high-rise in Vancouver and the largest single-building rental apartment in New Westminster, to trade thus far in 2019, respectively.