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Lance Coulson Personal Real Estate Corporation
Commercial Real Estate | Executive Vice President | CBRE National Apartment Group & Investment Properties Team
Lance Coulson, executive vice president at the National Apartment / Investment Properties Group Team, boasts over 23 years of experience in commercial real estate.
He specializes in sales of rental apartment buildings, strata property wind-ups, major development sites, and investment properties in British Columbia, with a track record of over $3 billion in sales transactions.
Lance and his team have excelled by completing over 148 successful rental apartment property transactions in the past 6 years, amounting to a total asset value surpassing $1.84 billion.
Leading the Rental Apartment market in BC for the past 3 years, Lance achieved a milestone in 2021 by overseeing the sale of 39 rental apartment buildings valued at over $628 million.
Lance Coulson holds a degree in Marketing Management with a specialization in Real Estate from the British Columbia Institute of Technology.
He previously served as the Executive Vice President and Senior Vice President at CBRE.
For property valuation or marketing inquiries, reach out to Lance Coulson at 604-662-5141.
Highlights
The CBRE National Apartment Group – BC (NAG-BC) is pleased to release our Mid-Year Apartment Report. So far in 2024 the multi-family market has seen positive results, having yielded relatively stable cap rates given the current economic environment and has seen further signs of strengthening as the Bank of Canada has officially embarked on its interest rate cutting cycle with the first rate cuts in four years. With further rate cuts expected over the coming quarters, confidence is returning to the investment market which is starting to show signs of recovery.
We have prepared this comprehensive report to provide you with insight into the market, a detailed breakdown and in-depth analysis into each rental apartment sale that transacted throughout Metro Vancouver and Greater Victoria in the first half of 2024 and included the latest market statistics. Our Team prides itself on providing our clients with current and accurate market data to assist them in their decision-making process and our success is built on a foundation of trust and integrity which has been built over decades. Now, more than ever, it is important to choose a broker who will keep your interests at the forefront and can assist in navigating the evolving multi-family market. We are very grateful to all our clients who put their trust in our team, and we look forward to continuing to work with each of you on exciting new opportunities in 2024!
CBRE NAG's Annual Apartment Report includes the following:
• Current Multi-Family Market Statistics • 2024 YTD Apartment Sale Transactions across Metro Vancouver & Greater Victoria • Multi-Family Trends to Watch • CBRE Capital Inc “2024 Mortgage Commentary” • Capital Gains Commentary • Housing Commentary
Please contact any member of our National Apartment Group-BC, Greg Ambrose, Sim Waraich, or myself for more information or to receive a copy of our report. I'm looking forward to the end of the year!
Download the Report Here: https://lnkd.in/gkmMPyrw
#cbre #multifamily #apartments #multifamilymarketreport #britishcolumbia
Calling All Investors and Developers! The CBRE National Apartment Group – BC is pleased to present the unique opportunity to acquire The Lonsdale Apartments, a well maintained 25 suite rental apartment building with a Penthouse centrally located in the highly desirable Upper Lonsdale Neighbourhood of the city of North Vancouver, BC which is one of Canada’s most desirable cities characterized by its steady population growth and a diverse and robust economy. The subject property is steps to an abundance of tenant friendly amenities and just steps from what will be the New Harry Jerome Community Recreation Centre which is currently under construction and upon completion will comprise a new state of the art recreational facility scheduled to open in early 2026. The property is situated on a large corner 14,472 square foot rectangular shaped land parcel, and is ideally suited for an investor or developer to take advantage of the Residential Level 5 Zoning that may allow for a new purpose-built rental building up to 6 storeys and approximately 50 or more rental units. In addition, the recent capital improvements completed to the building by the current Vendor will minimize the capital requirements that a new investor or developer may have to spend on the building during their desired holding period. Please reach out to our apartment team with any questions or to request additional information on this offering by calling 604-662-5141 or reaching out to any members of our team at Greg Ambrose and Sim Waraich. You may also find more info on our custom multi-family website https://lnkd.in/emPNqfP for information on current Listings, Sales, Market Information or to sign up to our email distribution list. #CBRE #NewListing #NorthVancouver #Apartments #ForSale #Rental #Development #Residential #Investment #Realestate #Investing #Commercial #Lonsdale #BCapartments #Apartmentgroup #VancouverRealEstate #MultiFamilyInvestment
