Our Antares-Nova Western Canada Apartment Fund offers a unique opportunity to invest in affordable and mid-market apartment buildings across British Columbia and Alberta. Designed for long-term ownership, our fund focuses on value-add and opportunistic investments that provide both immediate and future growth potential.
$50 Million
BC and Alberta
Open-ended, long-term hold
~12-14%, reflecting a blend of short-term value creation and long-term income potential
In the short term, we’re capitalizing on current market conditions where interest rates are high and cap rates are favourable. By acquiring apartments at these higher cap rates and refinancing with long-term CMHC debt at prime minus 2% as interest rates drop in the next 1-2 years, we’re able to add value and lock in better financing terms. This strategy allows us to secure solid assets at attractive prices while positioning for lower costs over time.
Long term, we aim to benefit from increasing demand for rental housing, driven by rising immigration and a decline in homeownership rates. By holding onto these assets and focusing on future development opportunities—such as rezoning or increasing density—we provide consistent rental income and long-term capital appreciation.
Our strategy offers both short-term gains through refinancing as interest rates drop and long-term wealth creation through rental demand and development potential. By holding these assets, we ensure stable, compounding returns over time while minimizing the need for quick exits.
Our team has decades of experience managing value-add and opportunistic real estate investments, including distressed assets in the US market from 2010-2020. We bring this expertise to every project, ensuring strong oversight and execution.
