Legacy Apartment Portfolio

Legacy Apartment Portfolio

A ten-property portfolio to which property-level strategies to renovate on turn-over was implemented.

A ten-property portfolio acquired at a discount to replacement cost with upside through unit renovations on turn-over.

In 2015, Lotus Capital identified an opportunity to invest in core-plus multi-residential properties located in emerging neighbourhoods across Metro Vancouver. Starting in 2016, Lotus Capital acquired ten properties comprising 338 units, deploying over $75M of equity, and implemented property-level strategies to renovate them on turn-over.

This legacy strategy investment was driven by rental income growth through remodelling, renovation and long-term capital appreciation using moderate leverage, with upside driven by refinancing and disposition activities.


396 East 2nd Avenue, Vancouver, BC, Canada


2333 Oxford Street, Vancouver, BC, Canada

North Garden

225 North Garden Drive, Vancouver, BC, Canada


1230 Burnaby Street, Vancouver, BC, Canada


1270 Burnaby Street, Vancouver, BC, Canada


1606 Nelson Street, Vancouver, BC, Canada


170 5th St E, North Vancouver, BC, Canada


1395 West 14th Avenue, Vancouver, BC, Canada


1009 West 10th Avenue, Vancouver, BC, Canada


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August 2017