London, Ontario-based construction firm Ironstone specializes in single-family homes and townhouses across southwestern Ontario. The firm aims to diversify its product line while maintaining a streamlined home purchasing experience. However, Ironstone’s hallmark is its commitment to delivering exceptional homes at accessible prices. Currently, its move-in-ready condos offer high-quality housing for those seeking immediate occupancy.
One of Ironstone’s new developments, Evans Glen, is a community of two-story and bungalow townhouses in London’s coveted Summerside neighborhood. Evans Glen exemplifies the firm’s high standard specifications and hassle-free buying process, which ensures no hidden fees. Strategically located near Highway 401 for convenient commuting, Evans Glen features proximity to schools, parks, nature trails, and protected green spaces backing select homes - an ideal location and value proposition. Another popular development is Shift Towns, Ironstone's latest modern three-story townhouse and stacked two-story condo development in London. Featuring fresh designs with floor-to-ceiling windows and premium finishes, Shift Towns upholds Ironstone’s reputation for quality with standard specifications like nine-foot main-level ceilings with pot lights, tiled glass showers, and striking kitchens with tall upper cabinets and sleek hard surface countertops. Situated in the desirable Kilally on the Thames neighborhood, Shift Towns residences offer easy access to nearby amenities and the Thames River cycling and walking trails.
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Numerous individuals and families face challenges in affording essential groceries to feed their loved ones. Consequently, many food banks have emerged to support these families in accessing healthy and nutritious meals. However, most of these food banks rely on generous donations from individuals and groups to fulfill their mission. Therefore, it is crucial for individuals to contribute in any way they can to combat hunger in their communities. In May 2023, residents of the Drewlo community organized a substantial food donation drive. Over the course of a week, residents of Drewlo Apartment buildings came together to donate a significant amount of food. Motivated by the desire to give back to their community, they contributed non-perishable food items, toiletries, and household essentials. All donations were directed to a local food bank in London. This altruistic gesture exemplifies the spirit of giving and cooperation within the Drewlo community. The food donations were helpful in providing numerous families with essential food and groceries, helping to alleviate hunger in the community. Shelter Asset Management is a real estate development consultancy based in Los Angeles. The company is a part of the Drewlo family of companies, and is built on a foundation that cuts across six decades. The company has an established track record of offering clients the creativity, guidance, and experience regarding their real estate needs.
Further, Shelter Asset Management understands the rigor of looking after and managing real estate, so the company provides its clients assistance with the operational complexities of real property investment. Among other things the company recognizes the importance of time, and helps its clients save this valuable resource by assisting them in managing the day to day elements of their investments, enabling them to focus on building wealth for the future. They are also skilled in guiding their clients on the optimal time to divest or redevelop real estate investments. In addition, the company develops and implements capital and operational budgets. Marquee Asset Management was founded in 2008. It is a wholly-owned subsidiary of Drewco Development Corp, a United States-based. The company builds, develops, and manages luxury properties. Marquee is also the United States holding company for Drewlo real estate investments.
A part of the Drewlo Family of Companies, Canada’s ninth largest rental housing provider and best rental housing provider across the country in 2021, Marquee Asset Management LLC joined the United States apartment market to kick start its 50th-year growth strategy. The company developed an integrated platform through its primary operating companies, SAM Residential Group LLC and Shelter Asset Management LLC. Marquee Asset Management also offers a wide range of investment strategies, including core plus apartment acquisitions and new construction managed by SAM Residential Group and Shelter Asset Management. The company comprises a team of industry experts dedicated to all clients and partners regardless of their financial status. Marquee assets offer opportunities that add value to their clients and increase their cash flow. A residential community off Evans Boulevard in London, Ontario, Evans Glen is conveniently located just a few miles from Highway 401. Created by Ironstone Building Company, the community comprises 93 condominium townhouses. They range from 1982 to 2314 square feet as homebuyers can pick from bungalows and 2-story layouts.
Desirable features of Evans Glen townhouses include 9-foot main floor ceilings, private wood decks, and central air conditioning. Homebuyers can also enjoy ample vinyl casement windows and single-lever Moen faucets. Outside the main living space, each townhouse has an insulated single-car garage with an opener-activated door and fully sodded yards in the front and back. Moreover, homeowners can enjoy several community amenities. Evans Glen is part of the London neighborhood of Summerside. Community amenities include two public parks with playground equipment, sports fields, and courts. The Evans Glen community is also close to the Meadowlily Woods Environmentally Significant Area and the historic Meadowlily Bridge. Real Estate Investment Trusts (REITs) provide investors with the advantages of real estate investment and the convenience and benefits of investing in publicly traded shares. Firms like Shelter Asset Management explore REITs as a way to optimize investment opportunities in real estate.
The investment vehicle has traditionally offered investors income through dividends, strong market returns, transparency, liquidity, safeguard against inflation, and the benefit of diversifying their investment portfolios. REITs invest in several real estate property types, such as multi-unit buildings, cell towers, office buildings, retail centers, and warehouses. REITs provide liquidity in real estate assets, which have lower risks than other investment vehicles, such as stocks. In addition, experts can oversee REITs that will employ established methodologies to inform their decisions. REIT administrations forge to optimize the investments and results, leaning on their market knowledge. Lastly, investors can collectively contribute to REITs. Therefore, their responsibility only lies in their portion of the entire fund, including the management fee. Rental households have accounted for nearly 50 percent of all household growth in Canada in recent years. The market is expected to demonstrate flat economic growth for the first half of 2024, with increased activity expected for the end of the year.
Rising interest rates have handcuffed growth over the past few months, and are expected to continue to climb in the immediate future. Certain sectors have experienced growth. Office occupancy rates, for example, continue to recover following the COVID-19 pandemic, as more businesses mandate a return to the office. In 2023, weekly occupancy rates ranged from 54 to 69 percent. The average cost of rent increased 12 percent between 2022 and 2023, up to $2,112 per month, while condo and apartment benchmark prices climbed by 1.8 percent. Many additional trends are set to shape Canada’s rental housing market in 2024 and beyond. The nation’s surging population has placed an increased demand on increased housing availability and affordability. On the other hand, rental property owners must streamline processes and optimize efficiency in hopes of offsetting increased operating costs. The primary offerings of the Ironstone Building Company include its custom-built homes in and around London, Ontario, Canada. Clients speak with in-house staff and explain the accommodations they seek. Then, the Ironstone staff creates designs that meet the requirements.
Ironstone sources the highest quality materials and incorporates features that promote energy savings to deliver long-lasting homes. Moreover, clients can pick from a few options, such as Ironstone’s Ready-To-Go Homes. After viewing each property and finalizing a selection, homeowners move in within 30 days of submitting the paperwork. Ironstone builds the homes and can furnish them. Some homeowners require residences that accommodate multigenerational families. Others may seek to rent part of their home for supplemental income. Ironstone’s Flex House program teaches buyers how to attract renters. It also makes applying for mortgages from the RBC (Royal Bank of Canada) easier by allowing applicants to factor potential supplemental rental income into their mortgage applications. A real estate development company, Shelter Asset Management assists clients in navigating the intricacies of real estate investments. The company is experienced in developing and executing operating and capital budgets. It also guides clients on divestment and redevelopment opportunities.
Shelter Asset Management manages a comprehensive range of services that ensure the preservation and growth of real estate investments. Leveraging their extensive experience from the inception to the realization of real estate developments, Shelter Asset Management approaches each opportunity as an open canvas. The multifamily-focused investor firm primarily focuses on value-added apartment transactions, including development and construction. Their strategic focus includes identifying sub-markets with growth potential, high-barrier-to-entry locations, and assets priced below replacement cost. The company thoroughly evaluates assets totaling over $1.5 billion weekly, establishing yield requirements that align with the specific risks and opportunities of each investment. Additionally, Shelter Asset Management possesses decades of expertise in conceiving and executing various projects. These projects include subdivisions, single-family homes, multifamily structures, and mixed-use developments. Drewlo Holdings operates out of Ontario, Canada, and has multiple buildings with varying sizes and accommodations of luxury apartments. Renting one of the units requires completing a few steps.
In addition to a photo ID, a prospective renter must provide proof of income via their most recent paycheck and yearly pay stub. Prospective renters must also submit proof of renter’s insurance before receiving entry to their residence. Monthly rent payments include utilities like heat and water, but residents must arrange phone, TV, and Internet services individually. However, Drewlo suggests a list of possible providers. One notable benefit of living in a Drewlo Holdings apartment is its Rent. Save. Own. Program, held in partnership with Ironstone Building Company. Each month renters live in their apartments, Drewlo Holdings will set aside money to contribute to an Ironstone residence. As of 2023, Drewlo Holdings will accumulate $350 per month, up to a maximum of $10,000, removing some of the renter’s burden of transitioning from renting to home ownership. |
AuthorStuart Hansen is a respected real estate advisor who works with a team of experienced executives with links spanning China and the Asian markets. Archives
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