Pier 4 REIT

Pier 4 is a private REIT that invests in multi-family buildings in Canada and provides investors with the opportunity to diversify their portfolios and gain investment exposure to high level real estate assets. The fund was founded in June 2020 and retains 493 units within 19 properties across Ontario and New Brunswick.

With over 100 years of combined experience in real estate acquisitions, asset management and property management, Pier 4 focuses on building strategic partnerships in the real estate industry to ensure the highest return for investors. Pier 4 currently has approximately $95M in AUM, with another property under contract that is expected to close this year. Following this closing, Pier 4 will surpass $100M of AUM.

A Strong Track Record

With over 40 years of experience in the real estate industry, Darrell, Adam and Michael co-founded Pier 4 REIT in 2020. The three co-founders along with a strong team have grown the business into an up-and-coming leader in the apartment industry. Their passion for real estate compounded with years of industry experience have created a unique family run business that is growing intensely. We aim to become the preferred choice for advisors in the low and mid rise multi-family asset class in the Canadian real estate market.

A Superior Strategy

Pier 4 targets undermanaged and under-performing assets in regions which present strong market fundamentals. Pier 4 pursues buildings off-market as management is inclined to purchase under-valued properties in order to generate value at inception.

Attractive Returns

Pier 4 REIT targets a total return of 12%-15% annually, with an 8% targeted net distribution per year, offering a compelling return profile for investors.

‍Experienced Management and Diversification‍

With over 100 years of combined experience and a diversified portfolio of 19 properties across Ontario and New Brunswick, Pier 4 REIT aims to reduce volatility and pursue value creation strategies, providing both stability and growth potential.

Pier 4 REIT targets underperforming and mismanaged multi-family assets in regions with strong market fundamentals, employing a proactive acquisition strategy. The management team identifies undervalue properties, often off-market, that can be revitalized for immediate value creation. 

The “Triple R” approach - Realize, Revitalize, and Return guides their investment strategy: 

• Realize: The team locates mismanaged or undervalued properties listing below market rental rates in robust economic areas.
• Revalitze: Pier 4 enhances properties by implementing operational improvements, such as expense mitigation and tenant services that allow for revenue sharing. These upgrades improve aesthetics and attract higher rents, while utilities are sub-metered to promote efficiency 
• Return: Investors benefit from both short-term returns through monthly distributions and long-term returns derived from the growth of the Net Asset value of the properties.

Class A and C shares available.