Contact
Process
Origination
Sourcing Investment Opportunities
Deal sourcing channels:
  • Direct relationships with developers, brokers, asset owners
  • Off-market deals from banks or distressed owners
  • Public listings and auctions
  • Internal pipeline (e.g., assets developed by a sponsor)
Preliminary filters:
  • Direct relationships with developers, brokers, asset owners
  • Off-market deals from banks or distressed owners
  • Public listings and auctions
  • Internal pipeline (e.g., assets developed by a sponsor)
Goal
  • Build a qualified pipeline aligned with the REIT’s return, risk, and ESG criteria.

Once a target is identified, the REIT team conducts detailed feasibility analysis and risk assessment:

Evaluation
Due Diligence and Underwriting
Commercial due diligence
  • Lease audit
  • Occupancy/vacancy
  • Re-leasing risk
  • Rent reversions
Financial analysis
  • NOI analysis
  • CapEx and OPEX
  • Stress testing
Legal and technical due diligence
  • Title verification
  • Permits, zoning
  • Structural integrity
  • Maintenance history

ESG potential

Valuation & financing terms
  • Appraisal by valuer
  • Indicative bank terms
Outcome
  • Investment committee memorandum and go/no-go decision

Upon approval, the REIT moves to execute the transaction efficiently:

Execution
Acquisition, Structuring, Closing
Negotiation
  • Signing LOI or Term Sheet
  • Negotiating SPA and side agreements
Financing
  • Securing debt financing
  • Equity allocation
Structuring
  • Acquisition via SPV under REIT umbrella
  • Legal, tax, and regulatory compliance
Structuring
  • Acquisition via SPV under REIT umbrella
  • Legal, tax, and regulatory compliance
Closing
  • Final documentation, funding, title transfer
  • Onboarding into REIT’s asset and property management systems
Goal
  • Acquire clean title and operational control with minimal execution risk

After acquisition, the REIT focuses on maximizing value and performance over the holding period:

Asset Managemen
Stabilization and Optimization
Leasing / tenant engagement
  • Proactive lease renewals, rent reviews, and indexation
  • Enhancing tenant retention
Operational efficiency
  • Securing debt financing
  • Equity allocation
CapEx planning
  • Refurbishments, lobby upgrades, ESG retrofits
Cash flow management
  • Regular NOI tracking
  • Budgeting
Compliance and reporting
  • Quarterly NAV updates
  • investor reports, IFRS compliance
Goal
  • Grow NOI and asset value to support distributions and REIT NAV

REITs aim to unlock long-term value through multiple levers:

Value Creation
Enhancing Returns and
Unlocking Upside
Rental growth
  • Via CPI indexation, market rent reversion, and tenant mix upgrades
Vacancy reduction
  • Filling underutilized space or converting to higher use
Cap rate compression
  • Driven by macro tailwinds, REIT premium, or asset repositioning
ESG optimization
  • Better ratings = better tenants, financing terms, and valuations
Active portfolio management
  • Recycling capital: divest non-core assets and redeploy into higher-yielding ones
  • Portfolio rotation based on sector trends and city-level dynamics
Exit options
  • Hold for yield (long-term)
  • Sell assets to institutional investors
  • Refinance to release equity