Based on a short interview a few weeks ago they happened to mention Thomas Beyer, President of Prestigious Properties in this article that you find a good read. https://www.theglobeandmail.com/life/article-if-being-a-landlord-is-part-of-your-retirement-plan-read-this-first ” … Going big made all the difference for Thomas Beyer, who bought his first rental condo for $80,000 in Calgary in 1997 and quit his […]
Author Archive | Prestigious Properties
PrestProp buys largest apartment building in Kimberley, BC
Prestigious Properties is proud to announce the acquisition of the largest apartment building in Kimberley, BC on May 27, 2021 for a true 6% CAP rate for $4.5M – with significant rental and value upside. The asset is a 57 suite, three storey building, with a concrete parkade, with an elevator and with predominately 2 […]
Achtung: Inexpensive energy is critical for economic growth !
Humans require energy. Humans in an industrialized and growing / affluent society require more energy than tribal groups with low living standards. Developing nations, be they in S-America, Asia or Africa require far more energy than before. One of my interests always has been energy, the price of energy, renewable energy, nuclear energy, energy conservation […]
The Quest for Yield – How to Evaluate a MIC ?
Many investors are looking for a decent yield beyond the sub 1% available in the government or the 2-3% in the corporate bond market. After some research they usually stumble upon MICs. Wow, they say, some yield 6% or even 9%. Let’s buy some. Not so fast I’d say. How do you evaluate a Mortgage […]
Two ideas for more affordable BC Housing – Rather than a new Tax
There is much debate these days about the new so called “speculation tax” in BC which levies 1% onto Canadians and 2% on foreigners who own houses or condos in BC that are not rented 6+ months. It also levies a 20% foreign buyer tax and expands the taxable region from MetroVancouver to 4 others […]
PRESTIGIOUS PROPERTIES ANNOUNCES $6.3 MILLION MOBILE HOME PARK ACQUISITION IN CENTRAL ALBERTA
Canmore, Calgary, Vancouver, July 6, 2017 – Prestigious Properties Group (“Prestigious”) (www.prestprop.com) is pleased to announce the acquisition of three mobile home parks with over 160 pads in Central Alberta for $6.3M, well below appraised value. Prestigious Properties acquires and manages undervalued apartment buildings and mobile home parks in Western Canada. “In Western Canada, investment […]
Prestigious Properties – New Acquisition!
Prestigious Properties is pleased to announce that it’s most recent LP, Kings Castle LP, bought a 67 pad + duplex Mobile Home Park (MHP) in Cranbrook, BC for $2.7M after a lengthy search for MHPs in various locations of BC. Many MHPs are priced on re-development land value and often trade for well above $60,000 to $90,000 per pad. This represents […]
Watch Now! How You Can Own Apartment Buildings …Today!
Check out our latest video clip and gain a broader understanding of our business model, what we do, and how we’ve successfully created wealth for investors, just like you, for over 15 years! We’ve also provided a few links below for your review! Our current investment opportunity Kings Castle LP Click Here Our proven Track Record Click Here What is […]
Cold Lake Oil Sands – The Next Fort McMurray?
The Cold Lake region offers some of the best economics for oil sands development due to high bitumen quality and proximity to markets and infrastructure. Cold Lake’s thermal in-situ projects are the largest in the world and supply about 10% of Canada’s daily oil production. Major employers in the area include Imperial Oil, Husky, CNRL, […]
Edmonton City Center will shine like no other in North America – $2.5 Billion Edmonton Arena Project Fly Though Video Unveiled
Daryl Katz, team owner and co-developer of the Edmonton Arena District (EAD) made a rare appearance before journalists to reveal new details about a $2.5-billion mega-development that will transform four million square feet (including the arena) of downtown parking lots and one-storey building sites into what he calls the largest mixed-use sports and entertainment […]