(REAL ESTATE BISNOW) — Miley Cyrus wasn’t the only person with her tongue wagging in 2013. Industrial investors had quite the year, too, with record-setting yields in the sector, according to Beedie Development Group prez Ryan Beedie.
Ryan says the lack of supply of quality, income-producing industrial assets in the Vancouver area, along with a surge of available capital and willing investors, has pushed yields sky high. This shows continued recognition of Metro Vancouver’s industrial market as one of the most stable and secure in North America. “We are without question viewed as a safe haven for many investors,” he tells us.
Meanwhile, the company held a holiday party at Hard Rock Casino in Coquitlam this year in part to celebrate the company’s 60th anniversary. Included in that was salute to Ryan’s father, Keith, who founded the company. The night’s festivities included a performance by Loverboy. (Break out the red leather pants.) “They rocked the house,” Ryan tells us.
Also, company employees volunteered their time to CKNW’s Orphan’s Fund, answering phones and taking pledges. Beedie Development Group also donated $25k to the charity. Here’s Keith at a recent NAIOP event celebrating his career.
“We are without question viewed as a safe haven for many investors”