How Tycon Capital & Jonathan Clogg create profitable partnerships in Vancouver

Vancouver, British Columbia, March 10, 2019 (GLOBE NEWSWIRE) --
Before the mid-1980s Vancouver was just another sleepy coastal seaport city in British Colombia. But the World Exposition in 1986 woke the city up as the area caught the eye of residents, businesses, and real estate investors alike.

Today Vancouver is one of the densest, most ethnically diverse, and fastest-growing metropolitan areas in Canada. The city takes pride in its booming economy, thriving arts scene, and natural beauty. In fact, Vancouver is often ranked amongst the top 5 most livable cities of any place in the world.

With so many people choosing to call Vancouver home, the city views regulating real estate development as one of its key tasks. Consequently, it’s not easy to develop real estate in the city. But when multi family real estate development in Vancouver is done right, it’s possible to create profitable partnerships with the city and for investors.

Why housing density is important to Vancouver


There isn’t a lot of vacant land left in Vancouver for commercial and residential development. That’s because the city is intent on maintaining the character of Vancouver by protecting existing land from commercial activity. At the same time, there are a tremendous amount of people and businesses who want to come to the city for the quality of life and opportunities offered.

The strategy of the local government is to focus on increasing the density of the area’s current housing mix. Redeveloping single-family heritage homes into multi family projects is a strategy that aligns perfectly with the desires of the local community, and one that Tycon Capital excels in.

Renovating heritage homes in Vancouver


Single-family lots with heritage homes represent the largest asset class of developable land in Vancouver. When compared to other real estate opportunities such as the half-decade process of building a mid rise project, developing single-family lots with heritage homes into multi family property in Vancouver offers the highest rate of annual return based on the current price per buildable square foot.

One of the keys to winning redevelopment approval from the city is to retain the heritage style of the buildings. Other real estate developers find this difficult to do profitably, if at all. Character retention is extremely time consuming and costly due to the highly skilled work that is required.


Tycon Capital wins city incentives


The current socio-economic climate in Vancouver encourages this unique heritage multi family development strategy. By making wise use of the MCD bylaw, Tycon Capital offsets the higher costs of skilled labor by winning city incentives that allow us to build more total floor space. This in turn increases the value of our projects.

Tycon Capital has successfully developed many multi family heritage home projects. Our buildings deliver density that the City of Vancouver is asking for and are aesthetically pleasing and preserve the unique qualities of the city. They are also generating double-digit ROIs for our high net worth investment partners.

Our funds offer an excellent opportunity for value-add multi family real estate investing in Vancouver. The multi family heritage redevelopment projects from Tycon Capital offer investors a conservative balance of risk and reward, while preserving and growing investment capital.

For more information on current and upcoming limited partnership investments at Tycon Capital please contact us at your convenience at: jclogg@tyconcapital.com