Bayfield Realty Advisors
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Market Timing

110 Yonge

Sold

Taking advantage of the lack of capital for real estate during the financial crisis of 2008/2010, we purchased a 50% interest in 110 Yonge at the 3rd Quarter of 2009. Within 2 years, we successfully reached full occupancy and enjoyed ~9% increase in market rental rates. Shortly thereafter, and despite assurances to the contrary, the anchor tenant accounting for ~40% of the building only renewed half of their space. We promptly initiated an aggressive leasing strategy and in less than 24 months attained 91% occupancy; a significant accomplishment considering the office market dynamics at the time. We once again took advantage of market timing, quickly identifying the early stages of a rising demand in office properties by institutional investors, and sold our interest in the property by Q3/2013; representing a 275 bps Cap Rate compression during our period of ownership.

Early recognition of a scarcity in real estate capital leading to an exceptional office acquisition opportunity

Devised a value-add strategy while respecting prudent financial management in an economically challenging environment

Identified a favorable exit strategy and achieved a significant return on investment

More on

Intensification

Intensification

Greenfield Development

Greenfield Development

Redevelopment

Redevelopment

Strategic Transformation

Strategic Transformation

Expansion & Remerchandizing

Expansion & Remerchandising

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Bayfield Realty Advisors Inc.
40 Eglinton Avenue East, Suite 300
Toronto, Ontario M4P 3A2

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  • Who We Are
    • About
    • Leadership
    • Bayfield News
  • What We Do
    • Management Principles
    • Asset Management
    • Property Management
    • Construction & Development Management
    • Lease Origination & Management
  • What We Did
    • Our Accomplishments
    • Redevelopment
    • Intensification
    • Market Timing
    • Greenfield Development
    • Strategic Transformations
    • Expansion & Remerchandizing
  • Portfolio
    • Portfolio Summary
  • Leasing
  • Our Impact
  • Contact Us