What execution really looks like right now

One of the things that rarely comes through in real estate headlines is what execution actually looks like once projects move beyond concepts and approvals.

Most of the real work and much of the real risk shows up in unglamorous places: structuring capital, navigating approvals, working through legal processes, coordinating construction, and keeping projects moving when timing doesn’t line up perfectly. That’s where value is protected, and that’s very much where we’re operating right now.

Execution across multiple projects and jurisdictions

At the moment, we’re actively advancing projects at very different stages, in parallel:

• Placing pari passu mortgages alongside CMHC loans after completing garden and laneway suites, allowing us to stabilize projects and optimize capital structures

• Wrapping up our laneway suite at Dovercourt and pouring foundations at our garden suite on Dufferin, keeping small infill projects moving efficiently

• Continuing construction at Highland, which remains well underway

• Budgeting and advancing the Pacific project, including working through the legal components of a severance application

• Attending the OLT for the first time on a five-unit project in Hamilton. A reminder of the time, cost, and patience required to build in constrained urban markets

• Preparing to break ground in Costa Rica, where permits, water letters, a builder, and a project manager are all in place, and financing is being finalized

Different projects, different jurisdictions — the same disciplined, execution-first approach.

Capitalization, structure, and the long game

From a capital perspective, we’re firmly in capitalization mode.

The focus right now is on:

• Bringing in strategic equity to strengthen projects and position them for the next phase

• Continuing to raise equity on Oakmount. For those interested in participating, feel free to reach out

• Using pari passu mortgages thoughtfully and working with our existing lenders to secure better terms where possible

• Optimizing existing assets by finding ways to increase revenue and decrease expenses

Real estate is a long game. Periods like this tend to reward teams that prioritize structure, relationships, and durability over speed. Our goal is to keep executing, reduce friction where we can, and ensure projects are positioned to perform well over time.

Costa Rica residences now available

Our Costa Rica project is fully approved and ready to break ground, and we are currently offering three distinct residence models at a 10% pre-sale discount.

The residences are designed for use as a second home or short-term rental, with comparable properties in the area averaging approximately $500-$1200 USD per night.

Available models include:

• 2,200 sq. ft. - 3-bedroom, 3-bath residences @ $900,000

• 2,300 sq. ft. - 4-bedroom, 3-bath residences @ $1,100,000

• 2,600 sq. ft. - 4-bedroom, 4-bath residences @ $1,400,000

All residences are located steps from one of the most pristine beaches in Costa Rica, with amazing surfing, yoga, wellness and cuisine. 

If you’re interested in purchasing a residence or would like additional details, simply reply to this email and we can continue the conversation.

Thanks for reading,
Darren