Property Case Study

Victoria Apartment Portfolio

SUMMARY

# OF BUILDINGS 4 Rental Apartment Buildings
# OF SUITES 169 Total
SALE DATE Jan 2016
SALE PRICE $29,000,000

TRANSACTION DETAILS

The Portfolio consisted of 4 wood-frame buildings with combined 169 units, strategically located in Victorias prestigious Fairfield and Fernwood neighbourhoods and all within a 5 minute drive from each other, providing both management and maintenance efficiencies. All buildings were well maintained and managed, with significant capital upgrades having been completed in recent years prior to the sale.

The Team lead by Lance Coulson, Chris Rust, and Ross Marshall represented both the Vendor and the Purchaser in the successful transaction. Our teams extensive experience and knowledge of the Victoria market combined with our unique marketing campaign, which properly exposed the property to prospective purchasers in both Victoria and Greater Vancouver, allowed us to attract the ideal buyer.