Jonathan Clogg of Vancouver’s Tycon Capital Great Investment Opportunities
Jonathan Clogg Tycon Capital Vancouver Investment in Multifamily Properties Keeps on Growing: This is why:
Vancouver's residential housing market has witnessed a combination of extortionate prices, increasing interest rates, stricter lending criteria from banks, and 'market cooling policies' from the British Colombian authorities. However, shrewd property investors realize that single family homes are not the be all and end all of residential properties. Although the sale of condominiums, houses and townhouses are undergoing an expected downward market correction, demand for rented properties keeps on going up.
The Rise of Multifamily Properties in Vancouver
PricewaterhouseCoopers reports that the outlook for the Metro Vancouver property market looks healthy, with regards to commercial multifamily investments. Following growth of 2.9 percent in 2018, Vancouver's economy is predicted to increase another 2.3 percent during 2019. This robust economic forecast is drawing investors into the city's multifamily real estate market. JLL, the global property investment company, expects huge demand for multifamily units across Vancouver for a long time to come. These types of properties have a vacancy rate of under one percent, and investments in them have averaged roughly $1.5 billion every year, for the past few years.
Multifamily Property Development is Welcome in Vancouver
Vancouver has devised a decade long housing plan that acknowledges the requirement for additional multifamily property development. The city's Housing Progress Report for 2018 states that there's insufficient rental units to satisfy demand. For instance, the report highlights that there were 29k rental homes with children in 2016, whereas there were just 18k two and three bedroom purpose built rental homes on the market.
Investment Methods for Vancouver Multifamily Properties
The three investment methods for multifamily properties are 'value add', 'opportunistic' and 'core'. Core investments have high unit costs and low compressed capitalization rates. Value add investments aim to boost cash flow, via property enhancements and additional income streams. Opportunistic investments allow investors to get in on the ground floor of development projects. If needed interested individuals can click here or visit our official website in order to know about Jon Clogg Tycon Capital.
Combining the opportunistic and value add methods can produce returns of fifteen to almost thirty percent for passive property investors. To do this though, it is vital to partner with a knowledgeable development firm, with a solid history of multifamily property investing.
Tycon Capital are specialists in heritage restorations for multifamily properties in Vancouver's upmarket Westside neighborhood. We offer limited partnerships that are perfect for high net worth property investors, who lack the time or expertise to oversee their own development projects. Jon Clogg and JC Tycon Developments has this expertise.
We deal with project sourcing, securing the property, and packaging the project with permit applications and plans. Only after we have acquired the land and established the permit viability, do we offer our limited partners the opportunity to invest.
Get in touch with Johny Clogg immediately, to discuss limited partner multifamily housing projects.
Vancouver's residential housing market has witnessed a combination of extortionate prices, increasing interest rates, stricter lending criteria from banks, and 'market cooling policies' from the British Colombian authorities. However, shrewd property investors realize that single family homes are not the be all and end all of residential properties. Although the sale of condominiums, houses and townhouses are undergoing an expected downward market correction, demand for rented properties keeps on going up.
The Rise of Multifamily Properties in Vancouver
PricewaterhouseCoopers reports that the outlook for the Metro Vancouver property market looks healthy, with regards to commercial multifamily investments. Following growth of 2.9 percent in 2018, Vancouver's economy is predicted to increase another 2.3 percent during 2019. This robust economic forecast is drawing investors into the city's multifamily real estate market. JLL, the global property investment company, expects huge demand for multifamily units across Vancouver for a long time to come. These types of properties have a vacancy rate of under one percent, and investments in them have averaged roughly $1.5 billion every year, for the past few years.
Multifamily Property Development is Welcome in Vancouver
Vancouver has devised a decade long housing plan that acknowledges the requirement for additional multifamily property development. The city's Housing Progress Report for 2018 states that there's insufficient rental units to satisfy demand. For instance, the report highlights that there were 29k rental homes with children in 2016, whereas there were just 18k two and three bedroom purpose built rental homes on the market.
Investment Methods for Vancouver Multifamily Properties
The three investment methods for multifamily properties are 'value add', 'opportunistic' and 'core'. Core investments have high unit costs and low compressed capitalization rates. Value add investments aim to boost cash flow, via property enhancements and additional income streams. Opportunistic investments allow investors to get in on the ground floor of development projects. If needed interested individuals can click here or visit our official website in order to know about Jon Clogg Tycon Capital.
Combining the opportunistic and value add methods can produce returns of fifteen to almost thirty percent for passive property investors. To do this though, it is vital to partner with a knowledgeable development firm, with a solid history of multifamily property investing.
Tycon Capital are specialists in heritage restorations for multifamily properties in Vancouver's upmarket Westside neighborhood. We offer limited partnerships that are perfect for high net worth property investors, who lack the time or expertise to oversee their own development projects. Jon Clogg and JC Tycon Developments has this expertise.
We deal with project sourcing, securing the property, and packaging the project with permit applications and plans. Only after we have acquired the land and established the permit viability, do we offer our limited partners the opportunity to invest.
Get in touch with Johny Clogg immediately, to discuss limited partner multifamily housing projects.
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