from eye-sore to family asset

AVIA Apartments



Owned by a Canadian family, the property had remained largely unchanged since its original construction in 1969. Poorly managed, the property had systemic vacancy, failing plumbing, and poor curb-appeal. In 2004, Trinity met the owners in Vancouver BC and acquired the asset. They immediately started transforming the property, making it desirable to tenants and investors alike.




The transformation included an updated exterior color scheme, and a remodeled clubhouse with new leasing office, meeting area with kitchenette, and theater room. New plumbing was installed throughout the project, along with washer/dryer units in each of the apartments, allowing for a further rent increase. New covered parking was added to help battle the rainy Western Washington seasons. All this added up to improved rents and occupancy and lower unit turnover.




Through professional management, the property quickly enjoyed occupancy gains above 95%, and significantly higher rents. Within 16 months, all the repositioning work was completed, and three years after acquisition the 140 unit property was sold to an investment company at a strong profit.




  • Investment strategy and implementation
  • Asset management
  • Acquisition and disposition
  • Institutional quality reporting
  • Property repositioning, renovation, and development