Extending beyond the traditional low-rise apartments built between the 1960s – 1980s, our team has transacted several newly-constructed purpose-built rental apartment buildings throughout the Lower Mainland & Greater Victoria markets. The recent softening of the condo market combined with growing demand from institutional investors has contributed to more and more developers considering building purpose-built rental buildings as a less risky, but still profitable alternative.

Large institutional companies and REITS are often not concerned by high per-door prices in Metro Vancouver for new rental projects, or by Canada’s slim capitalization rates that are often below 3%. Most recently, our team transacted two brand new purpose-built rental apartment buildings in Langley: The 98-Suite Point Apartments for $39 Million, and the 90-Suite Meridian Apartments for $33 Million, both of which were sold to CAPREIT. Check out our video to learn more about the sales process behind these two properties or review our brochure to learn more!

Check Out Our Recent News Features:

Western Investor: Residential REITS – Hungry, Active & Leading the Pack

Vancouver Sun: Rental Apartment Investment Investment Bouncing Back