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 […]
Archive | Press Releases
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 […]
Press Release: Prestigious Properties May 20, 2014
Prestigious Properties Sells 108 Unit Multifamily Property in Abbotsford, BC for $10.3M to Mainstreet Equity Corp CANMORE, AB – May 20th, 2014 – Prestigious Properties has completed the sale of its 108 unit apartment building complex in Abbotsford, BC to Mainstreet Equity Corp. (“Mainstreet”) (TSX: MEQ) of Calgary, AB for $10.3M. The property […]
Press Release: Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013
Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013 CANMORE, AB – October 10, 2013 /CNW/ – In one of the largest Edmonton multi-family transactions of 2013, Prestigious Properties (“Prestigious”) has completed the acquisition of a 71 unit apartment building for $10.65M. This acquisition will benefit Prestigious’ cash-flow in an expanding portfolio […]
PrestProp sells Wetaskiwin & Campbell River Properties to lock in gain for investors
CANMORE, AB – – December 6, 2012 /CNW/ – Prestigious Properties has completed the sale of its townhouse complex in Wetaskiwin, AB to Avenue Living of Calgary for $9.568M. The complex is comprised of 104 townhouse units and the transaction is the largest Wetaskiwin multi-family sale in its history. The property was acquired in 2007 […]
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 […]