The general investment strategy is to locate under-managed, under-valued (and sometimes ugly) properties in growth areas of promising cities (“class C or class B building in a class B area”). This property will be acquired, impeccably managed, appropriately renovated and financed from the start or re-financed after approximately 9 to 15 months. The rents will […]
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Lots of planning and work boils down to a 4-step process
Prestigious Properties’ general investment strategy starts with locating under-managed, under-valued properties in growth areas of promising cities within emerging markets of North America, and then managing these properties to their full potential for the benefit of all investors. Macro-Location: Markets with Declining Vacancies and Rent Growth – sometimes even CAP rate (ration between asset’s cash […]
Prestigious Properties sells Yorkton, SK apartment building portfolio
CANMORE, AB, Oct. 3, 2011 /CNW/ – Prestigious Properties has completed the sale of four properties in Yorkton, SK to Nexus Asset Group Inc. of Calgary for $7.771M for 126 suites in a transaction that is the largest Yorkton apartment building sale in recent history. This benefits Prestigious’ cash-flow in an impressive portfolio of revenue-generating […]