All Island Equity REIT
|All Island Equity REIT is a diversified real estate investment trust that is focused on British Columbia with around $215 million of assets on Vancouver Island and in the Okanagan. The portfolio consists of 870 apartment units and 58,000 square feet of commercial space.
All Island Equity REIT is a tax-efficient investment vehicle that aims to pay a steady stream of distributions primarily generated through rental income on stabilized real estate assets. In addition to distributions, the value of REIT units is directly linked to the underlying value of the portfolio, which is independently appraised annually. All Island Equity REIT prides itself in its transparency and provides quarterly communications to unitholders as well as annual audited financial statements.
All Island Equity REIT combines maintaining a personal presence in each community it serves with the efficiencies of large-scale property management. All Island Equity directly employs site level staff while partnering with Devon Properties to optimize operations.