Management

Whitehall Apartments Corporation offers a resilient investment opportunity in the multi-residential asset class. With immigration driving population growth and renting becoming increasingly common, the demand for affordable rental options like Whitehall is on the rise.

Our business model focuses on acquiring, renovating, leasing, refinancing, reinvesting, and managing a diverse portfolio of rental apartment buildings across Ontario, New Brunswick, and Nova Scotia. Since our inception in 2014 as a privately-owned Ontario-based company, we’ve grown steadily to a portfolio of $255 million in appraised assets and continue to expand. As founding partners, we are actively seeking new shareholders who possess the capability and vision to fuel the company’s growth with additional capital. Join us in shaping the future of Whitehall Apartments and the rental market.


Business Model


Strategy: Whitehall acquires buildings with equity upside

Buy

Identifying opportunistic assets in need of renovations

Renovate

Renovating properties to modern standards

Lease

Leasing newly-renovated properties to market rents

Manage

Improve rentals rates, tenant experience and expense management

Refinance

Refinancing of invested equity with long-term commercial loans

Reinvest

Post-refinance investment in renovations and additional acquisitions


Apartment Portfolio – Quick Facts


  1. Number of Apartment buildings 53
  2. Total Apartment Units 1483
  3. Current Portfolio Appraised Value $255MM
  4. Book Value ~ $80MM equity
  5. Current Loan to Value 69%
  6. Renovated Units 35% of the portfolio, meaning 950 units unrenovated and significantly under market rents
  7. Vacancy rate less than 2% on stabilized buildings
  8. Units under Renovation 90; Unrenovated Units 950 (65%)
  9. Strong demand driven by growing immigration and limited supply