institutional sale secured for private owner through expert guidance
- 12-unit upgraded asset
- Sold as part of portfolio
- Closed with private REIT
listing
description
Midtown Apartments was one of several assets sold as part of a larger, multi-property portfolio transaction with a private institutional REIT. The building had been substantially upgraded in recent years and was fully leased at the time of sale — but the real success here wasn’t just the property itself. It was the strategic execution behind it.
As listing representative, I guided a private seller through the complexity of an institutional-level sale — something they would not have been able to navigate alone. From due diligence reporting to disclosure protocols, communication standards, and contract structuring, this transaction required a level of detail and professionalism few brokers bring to mid-market assets. I sourced the buyer directly, negotiated the terms, and ensured the building met the documentation and operational thresholds required for inclusion in the portfolio.
Deals like this aren’t won with marketing — they’re won with preparation, trust, and follow-through.
investment
thesis
A well-located, fully renovated apartment building with strong in-place income, low deferred maintenance, and embedded value — sold as part of a larger strategic acquisition.
policy
context
Zoned RM-1, the property supports low-rise multifamily rental use and is aligned with the City of Fort St. John’s urban residential goals. The existing use is fully supported by policy, and the well-maintained form reduces the risk of near-term capital intervention or redevelopment pressure.
buyer
appeal
This building was acquired by a private institutional REIT as part of a larger strategic investment. The buyer’s standards were high — not just for asset condition, but for deal execution. I managed every element of the process directly, ensuring compliance with institutional diligence, clear documentation, and timely delivery.
For the seller, this wasn’t just a sale — it was access to a level of buyer that most private owners can’t reach. And it only happened through the structure, professionalism, and experience I brought to the table.
Institutional-grade execution
Renovated and stabilized
Sold as part of portfolio
specifications
Sold Price: $1,050,000
Price Per Unit: $87,500
Total Units: 12
Suite Mix: 1 x Bachelor, 5 x One-Bedroom, 6 x Two-Bedroom
Rentable Area: 8,875 SF
Lot Size: 12,000 SF (0.28 acres)
Zoning: RM-1
Year Built: 1979
Upgrades: Full unit renovations including flooring, paint, countertops, appliances, baseboards, hot water tanks
Common Area Improvements: New front door, upgraded fire panel, shared laundry (dryer)
Parking: 18 paved surface stalls
PIDs: 013-750-771, 013-750-780
Legal Description: Lot 25 & 26 Block 4 Plan PGP2956 Section 31 Township 83 Range 18 Meridian Land District 44
Property Taxes: $4,750 (2021)
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