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Home arrow Getting Started arrow Press Release - Rho – Orion Investments Inc., Langley BC: Jan 5, 2017
Press Release - Rho – Orion Investments Inc., Langley BC: Jan 5, 2017 Print E-mail
Written by Don White   
May 27, 2014 at 02:17 PM

Press Release: Rho-Orion Investments, Jan 5, 2017

Rho-Orion Investments Inc. are pleased to announce the opening of Windsor Pool II - a pool of 3 to 5 properties and up to 250 suites. By pooling several properties together we believe we can achieve lower operating costs per door and diversify earnings, vacancies and major expenses across more suites. As additional qualified properties are added to the pool, we will provide opportunities for additional investments and investors.

 

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Our latest acquisition, The Hyde Park Apartments is the first property in this investment pool.   This Hyde Park Apartments has a mix of 16 one bedroom and 18 two bedroom suites for a total of 34 suites. We have secured the property by a conventional purchase and sales agreement. There are currently 2 vacancies (6%) which is slightly over CMHC reported market average of 4%. The plan is to repair and fill the building with stable tenants with better than market rents and a lower than market vacancy rate. This will improve our Return on Investment on the property substantially. We have arranged for a conventional commercial mortgage from our financial partner, Motor City Community Credit Unit. 

  

 

Last Updated ( Jan 05, 2017 at 01:35 PM )
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