National Apartment Group British Columbia

11/14/2022

JUST SOLD IN NANAIMO, BC! 🎉

Our CBRE National Apartment Group – BC team represented the Vendor in the sale of the 24 suite Regency Manor Apartments in Nanaimo, BC. The building is exceptionally located a block from the Nanaimo Harbourfront and just minutes from Downtown Nanaimo.

If you have questions about this sale or the market please contact a member of our team.

03/25/2022

We have a firm deal Friday on our 17 Suite Rental Apartment Building in the heart of South Granville!

Our CBRE National Apartment Group – BC team is pleased to announce that we have just Firmed up our listing of 2525 Birch Street, Vancouver; a 17-suite rental apartment building prominently situated just a half-block south of the intersection of Birch and West Broadway within close walking distance to 2 future SkyTrain stations.

With existing rents, approximately 30% under market, the subject property provides purchasers with the future opportunity to move cash flow and yield upon tenant turnover. In addition, 2525 Birch Street was also referenced for higher density in the recent draft of the City's Broadway plan for the area. The building's strategic location just off the West Broadway corridor was looked at favorably by prospective purchasers.

Should you have any questions on the marketing process we just completed on this FIRM deal or to discuss the state of the current multi-family markets in Metro Vancouver & Greater Victoria, please do not hesitate to contact Coulson (604) 662-5141, Greg Ambrose (604) 662-5178 or Kevin Murray (604) 358-1089 of our CBRE National Apartment Group-BC team.

Visit our custom multi-family website: NationalApartmentGroupBC.ca

Feel free to share the post with your friends and associates. We really appreciate it and as always look forward to hearing from you.

03/23/2022

Are you tired of getting minimal investment returns from your bank? Looking for a stable and secure investment with a higher return?

CBRE is pleased to introduce a turnkey, hassle-free commercial real estate investment opportunity that requires minimal management while you benefit from the steady cash flow and a competitive return.

The opportunity features two commercial strata units that are both 100% leased to the Bank of Montreal - a “AAA” covenant tenant that are located in the popular “Mountain View Village” Centre in one of the best shopping corridors of North Vancouver.

Take advantage of this unique investment offering today and give us a call at 604.662.5141 or 604.358.1089.


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High-performing Multi-Family Sales team at CBRE Limited Vancouver, specialized in the sale of rental apartment buildings, purpose-built rental projects, and development sites.

03/16/2022

NORTH VANCOUVER 3 BUILDING RENTAL PORTFOLIO RESULTED IN TWO COMPLETED SALES AND ONE FIRM DEAL, ALL WITHIN
THREE WEEKS FROM THE INITIAL MARKET LAUNCH!

The CBRE National Apartment Group - BC: has now SOLD the 18-suite rental property at 146 East 12th Street and the 11-suite rental property at 220 East 12th Street, two of the three rental properties in our North Vancouver rental apartment portfolio launched to the market in mid-February of this year. The properties were centrally located in the heart of the highly desirable central Lonsdale neighborhood of North Vancouver.

Both properties benefited from a variety of recent capital upgrades and were in a good overall state of repair. The offerings comprised a good initial yield on the purchase price(s) with the opportunity for possible future redevelopment under the City Of North Vancouver's land use plan.

If you have questions on these specific multi-family transactions or are interested in receiving information on similar properties our team may be working on please feel free to contact us: Lance Coulson PREC at 604-662-5141, Kevin Murray at 604-662-5171, or visit our custom multi-family website: nationalapartmentgroupbc.ca for more information.

We always appreciate your time in liking or forwarding our posts, and we look forward to hearing from you!

03/16/2022

SUCCESSFUL COMPLETION OF OUR STRATA WIND-UP & SALE MANDATE IN THE SURREY CITY CENTER!

Our CBRE Strata Wind-Up & Property Sales Team has just successfully completed the strata wind-up of the Cedarbrae Estates, a 24 unit stratified townhouse complex situated on a prime 1.54-acre rectangular land parcel on 132 Street in the heart of the vibrant Surrey City Center in Surrey, British Columbia. The property benefited from being walking distance of SkyTrain and an excellent cross-section of world-class amenities.

The property is currently designated as Multi-Residential (low to mid-rise) up to a 2.5 FAR in the Surrey City Center Plan. Our Team represented the strata and the 24 owners and broadly marketed the offering across our proven global marketing platform to ensure maximum exposure to the most qualified developers locally, nationally, and internationally.

To highlight the property's unique features to prospective purchasers, our Team created custom property specific marketing materials that included; an exciting property marketing video, detailed brochure, and custom website that were utilized as part of our marketing campaign. The offering generated significant interest from both developers and property investors, and we received multiple offers on the Bid Submission Date for our clients' consideration. The final selected bid culminated in a highwater market value & terms that received 100% voting approval by all 24 Owners at the Special AGM!

Our team's extensive knowledge of the strata wind-up process, our ability to work efficiently and effectively with strata lawyers, the Cedarbrae strata council on behalf of the 24 Owners, and the development community resulted in a well-executed process and a seamless transaction. For more information on this very unique transaction, please don't hesitate to contact a member of our strata wind-up and sales team at Lance Coulson PREC 604.662.5141, Greg Ambrose, Kevin Murray.

Should you be a strata property owner or are part of strata council in a strata building that is considering winding-up and would like to learn more about the wind-up process and our experience with these types of mandates, please visit our website http://nationalapartmentgroupbc.ca or contact us directly we would be happy to assist you.

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02/08/2022

CBRE National Apartment Group - BC is pleased to present the opportunity to acquire three exceptionally well-located apartment buildings in North Vancouver, British Columbia comprising a combined total of 43 suites. The buildings have been well maintained and upgraded in a first-class manner with extensive capital invested over the past several years.
INVESTMENT HIGHLIGHTS

1. UNIQUE SCALE: The 3 building portfolio is comprised of 43 rental units providing a singular opportunity for an investor to acquire immediate scale into the growing North Vancouver rental housing market.

2. EXCELLENT CENTRAL LOCATION: Close proximity to Lower Lonsdale and the Lonsdale Quay, the properties provide convenient access to the SeaBus Station and Downtown Vancouver. An abundance of tenant friendly amenities are steps away such as grocery shopping in Whole Foods Market, Loblaws City Market and a variety of cafes and excellent restaurants.

3. OPERATIONAL EFFICIENCIES DUE TO 3 BUILDINGS’ PROXIMITY TO EACH OTHER.

4. VALUE-ADD OPPORTUNITY: With many of the rents significantly below market, the properties provide investors with a rental upside opportunity to significantly increase cash flow upon turnover through renovation.

5. REDEVELOPMENT PROSPECT: All three buildings are slated for higher densities under the current City of North Vancouver Official Community Plan which outlines a 2.60 floor space ratio for new rental residential buildings.
If you have questions on this highly anticipated offering, please feel free to contact us: Lance Coulson PREC at 604-662-5141, Kevin Murray at 604-662-5171, or visit our custom multi-family website: nationalapartmentgroupbc.ca for more information.We always appreciate your time in liking or forwarding our posts, and we look forward to hearing from you! 

02/04/2022

THEY SAY THAT “STRATA WIND-UP” DEALS ARE HARD TO DO….. WE SAY… FIRM DEAL FRIDAY!!

Our CBRE National Apartment Group - BC team is excited to announce that we have recently firmed up our listing of the Strata Wind-Up of the “Cedarbrae Estates” a 24-unit stratified townhouse complex that is prominently situated on a large 1.54 acre land parcel in the heart of Surrey’s rapidly developing City Centre urban hub. The subject property is in close walking distance to SkyTrain and the abundance of amenities offered in the Surrey City Centre.

The subject property is currently designated as Multiple Residential (low to mid-rise) up to 2.5 FAR and permitting up to 4 – 5-storeys in the Surrey City Centre Plan. The redevelopment of Cedarbrae Estates would provide the developer the unique opportunity to contribute new housing options in a growing and highly desirable neighborhood close to transit and world-class amenities.

This Firm Deal is scheduled to complete later this year. Should you have any questions on the strata wind-up marketing process or to discuss the overall state of the market, please do not hesitate to contact Lance Coulson at 604.662.5141, Greg Ambrose, Kevin Murray or visit our custom multi-family website http://nationalapartmentgroupbc.ca

We always appreciate your time in liking or forwarding our posts, and we look forward to hearing from you!

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02/03/2022

PROUD TO ANNOUNCE THAT OUR APARTMENT TEAM 2021 ANNUAL APARTMENT REPORT IS HOT OFF THE PRESS!

Despite COVID 19, closed borders, fewer students coming to the province, government rental rate freezes, escalating operating expenses (especially Insurance), concerns about rent collection, at times reports of higher vacancy, escalating inflation, interest rates slightly edging up, and our cap rates that people tell me are some of the lowest in the Country the multi-family market in British Columbia specifically (Metro Vancouver & Greater Victoria) had a record-breaking year in terms of total building sales approx. 185 and total combined sales volume that was more than $3billion!!

Now I know a few people will have questions such as: So why was the multi-family market in BC so active in 2021? Why were people selling? Who was buying? What were some of the market trends? Can I see the different transactions? What does our apartment team predict for the multi-family market for 2022!! Is it true that your apartment team led the BC market in 2021 with 39 rental apartment building sales with a total combined value of $623.5 million? You can find answers to these questions and much more by clicking on the link and downloading our 2021 annual apartment report; it's just that easy! Should you have questions and/or suggestions on what we might include for the next annual apartment report please contact Lance Coulson PREC at 604.662.5141, Greg Ambrose & Kevin Murray , or visit our custom multi-family web site http://nationalapartmentgroupbc.ca

Click below to download CBRE 2021 Annual Apartment Report:
https://f.tlcollect.com/fr2/622/78626/CBRE_National_Apartment_Group-2021_Apartment_Report-Jan_28_2022.pdf

As always, we appreciate the LIKE/clicks and positive feedback/comments.

We look forward to hearing from you!

01/31/2022

Happy Lunar New Year 新年快乐!

01/24/2022

The CBRE National Apartment Group - BC is pleased to bring to market the opportunity to acquire the Sidney by the Sea Greater Victoria Apartment Portfolio, which consists of an existing 60 suite rental building of character and a brand new 71 suite purpose-built rental building. Both properties are prominently located in the heart of the seaside community of Sidney on the southern tip of Vancouver Island, British Columbia, just 25 mins from Downtown Victoria.

NVESTMENT HIGHLIGHTS

1.UNIQUE SCALE: The combined 131 rental units in 2 buildings provide a singular opportunity for an investor to acquire immediate scale into the Greater Victoria Rental Housing Market.

2. PICTURESQUE WATERFRONT LOCATION, QUALITY LIFESTYLE & CLOSE TO DOWNTOWN VICTORIA

3. OPERATIONAL EFFICIENCIES DUE TO 2 BUILDINGS’ PROXIMITY TO EACH OTHER

4. ROBERTS MANOR: 60 large well laid out suites with 7 different suite types, including unique multi-level loft-type units that appeal to a broad tenant base. Investors can realize substantial upside in many of the existing rents through continuing the current renovation program on turnover and releasing suites at market rents.

5. OSLO ON FIFTH: Built by an experienced developer to condo-quality standards, the new 71 suite modern energy-efficient building has attractive amenities in a market with limited comparable rental products.

If you have questions on this highly participated offering, please feel free to contact us: Lance Coulson PREC at 604-662-5141, Greg Ambrose at 604-662-5178, or visit our custom multi-family website: https://cbrevancouver.com/sidneybythesea for more information.

We always appreciate your time in liking or forwarding our posts, and we look forward to hearing from you!

01/11/2022

New Year...New Listing Coming Soon!

Our CBRE National Apartment Group-BC team will be shortly bringing to market a (2) two building multi-family rental portfolio ideally situated on the southern tip of Vancouver Island, just 25 minutes from Downtown Victoria. The Portfolio comprises an existing 60 suite rental property with significant rental upside to grow cash flow and yield and a 71 suite new purpose-built rental building that is currently under construction with completion estimated for later this Fall.

This is a perfect opportunity to add to an existing portfolio or get a foothold into the Greater Victoria rental market. Please message or send me an email [email protected] to join our early registration to receive further information on this unique Offering as it becomes available.

If you have questions on the current market and are interested in other similar opportunities, please feel free to contact us: Lance Coulson Personal Real Estate Corporation at 604-662-5141, Greg Ambrose at 604-662-5178 or visit our custom multi-family website: https://NationalApartmentGroupBC.ca for more information.

We always appreciate your time in liking or forwarding our posts, and we look forward to hearing from you!