Archive | Press Releases

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 […]

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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 […]

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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 […]

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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 […]

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