A Strong Asset Class
In Canada, multi-family residential buildings are a highly sought-after asset class that has historically maintained its value through numerous economic cycles. SiteLine focuses on properties situated in key markets throughout the country.
The economic fundamentals supporting purpose built multi-family residential buildings continue to be positive throughout Canada due to:
- Strong net migration
- Higher cost of housing
- A shortage of quality properties
As a result, the industry continues to experience both low vacancy rates and demand for quality units. When these fundamentals are combined with strong rent collection performance, which has continued through historical and current economic downturns, the investment thesis for this asset class is clear.
Experience in Multi-Family Residential
SiteLine is an investor and acts as the asset manager for each building, managing all of the capital work as well as overseeing all operations at each building to ensure they are operating at peak efficiency.
Our growing multi-family portfolio is located principally in the Greater Toronto Area and throughout Ontario. As the industry remains fragmented (and continues to have a high barrier to entry), since 2015 our team has been able to buy and sell multi-family buildings representing more than 4,000 units, with a total transaction value of over $1 billion.
SiteLine Transformation Program
Through our proprietary SiteLine Transformation Program (STP) we seek to identify under-performing multi-family buildings at below replacement cost and improve them to institutional quality. After acquiring a property, with our detailed and hands-on approach to asset management and building operations, we seek to unlock positive risk adjusted returns for our investors.
– Daniel Drimmer, President and CEO, Starlight Investments
"SiteLine has proven to be excellent at identifying opportunities, implementing their comprehensive asset management plans and then realizing on the value created at the appropriate time. As an investor in multiple apartment buildings with SiteLine, I am very pleased with the overall investment management of the buildings and the superior risk-adjusted returns achieved to date."