Introduction

The latest episode of the “Westcliff, Thrive in 25” series offers an insightful conversation about biosis real estate development. Kaz Jaffer and Addy Saeed welcome Samuel Herschorn of Biosis Real Estate Development to discuss the intricacies of real estate development, particularly focusing on high-growth secondary markets. This blog post will unpack the contents of their discussion, providing a comprehensive overview of their strategies, achievements, and the innovative approaches driving their projects.

Background and Approach

Samuel Herschorn brings a unique perspective to real estate development, having transitioned from a career in architecture. His journey began with a deep understanding of the foundational elements of design and construction, which has profoundly influenced his approach to development. Samuel shared his initial challenges and learning experiences, particularly the demanding work environment at architecture firms and how these experiences sparked his interest in creating a real estate business model that capitalizes on design and management efficiencies.

Forming the Biosis Team

The formation of Biosis Real Estate Development was driven by a shared vision among its founders. The team, comprising experts like a civil engineer, technology sales expert, and more, combines over 50 years of experience. Their multidisciplinary approach ensures that Biosis can handle all aspects of property development in-house, minimizing the need for outsourcing and enhancing control over project outcomes.

Market Focus: High-Growth Secondary Markets

A significant part of their discussion revolved around Biosis’s focus on high-growth secondary markets, particularly through the development of low to mid-rise structures. These wood frame or light gauge steel frame projects offer flexibility and cost-efficiency, targeting areas where population growth outpaces housing availability. This strategy positions Biosis at the forefront of meeting the demand for new housing in burgeoning suburbs around Toronto and Ottawa.

Innovations in Modular Construction

Biosis is pioneering innovative construction techniques, particularly modular construction. This method addresses the labor shortage challenges by allowing much of the build process to occur in a factory setting, significantly reducing on-site construction time and improving quality control. Samuel elaborated on their implementation of this technology, highlighting its potential to revolutionize building efficiency and cost-effectiveness.

Case Study: The Kemptville Project

One of the core projects discussed was Biosis’s development in Kemptville. This two-acre site, previously used for commercial self-storage, is being converted into a 52-unit rental community. The project exemplifies Biosis’s strategic approach to leveraging zoning opportunities and municipal partnerships to enhance project viability and appeal. The development is designed to attract young families, offering spacious units in a community-oriented environment.

Capital Raising and Future Opportunities

Kaz and Samuel also explored the financial aspects of real estate development, detailing the challenges and strategies in capital raising. They’ve navigated economic uncertainties by adapting to a more diversified investor base, attracting institutional-level investments due to Canada’s stable real estate market.

Conclusion

In conclusion, the discussion illuminated the various facets of Biosis’s approach to real estate development. By focusing on high-growth markets, utilizing modular construction, and fostering robust partnerships, Biosis is well-positioned to deliver successful projects that meet the housing demands of growing communities. For interested investors or those seeking more information, resources and contact information are readily available through the Westcliff Asset Management’s online platforms.

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Contact Information

For more information, reach out to Westcliff via email at info@westcliffam.com or visit their website. For slides or additional details from the webinar, send a text with the word “slides” to 647 799 2264. Always consult with a professional advisor to align your investment decisions with your financial goals.