Parkdale Properties is a privately held company specializing in the leveraging of residential and commercial properties through adjustments to planning, uses and combining existing sites in order to bring exponential returns in value. Through partnerships with existing property owners, Parkdale is able to bring a win win scenario for all parties involved. We have been focusing on purchasing quality multi residential properties in the general area of Canada’s capital.
The principals of Parkdale Properties have a wealth of real estate experience both through ownership and property management as well as commercial financing and leasing. We maintain strong relationships with several financial institutions, trust companies, pension funds and secondary lenders. Our relationships with brokers and agents who are connected to property owners can often bring us opportunities to purchase properties that are either not listed or not widely available to others. Our work has brought us into the West end of London, UK where David Lang previous Director of Ridgerford Properties PLC., bought, managed and developed over $100M dollars in real estate. Additionally, through the sister company of DLRE, we have negotiated leases for corporate facilities on behalf of various corporation in the United States, United Kingdom, India and France.
As capitalization rates continue to compress, real estate opportunities are coming fewer and far between yet the potential for net gain is higher than ever before. Cap rate compression has brought massive unanticipated value to real estate, and it continues to compress in this low interest rate environment. Through financial creativity, and “out of the box” thinking Parkdale is poised to change the downtown landscape in the City of Ottawa and beyond. Working with property owners and involving them in the process of changing property direction is a winning solution in this difficult and ever changing real estate environment.
Mission
To create exponential value of existing properties through working together with property owners, including them in the process of partnering with adjacent properties, rezoning and using other market value techniques in order to bring substantially higher value to their assets.
Team
David Lang
Principal
[email protected] | 613.884.1160
David (B.Comm, Finance) has worked in commercial real estate since 1985 and in 1990 formed David Lang Real Estate Ltd. The philosophy of the company was to act as an “in-house” real estate department for his various clients. David was the pioneer in Eastern Canada in creating the concept of full tenant representation. He strongly believed that any representation of landlords in the form of listings was a conflict whether it be direct or indirect. This “hands on” approach has enabled David to secure many Fortune 500 companies as his long term clients. In addition to working in Ottawa, David has located and opened up facilities for numerous clients in the UK, France, India and the United States.
In 1995, David co-founded Ridgeford Properties in London, England and spent six years developing properties in the UK, where he relocated Thomas Cook Travel from its Barkley Square facility where they had resided for decades, and moving them into Ridgeford’s remodelled 4-5 Maple Street, W1 which was nominated for Building of the Year.
In the capacity of real estate advisor, David has consulted for; Lockheed Martin Corporation, DRS Technologies, Oracle Corporation, Economical Mutual Insurance Company, Corel Corporation, Avis Car Rental, Curtiss Wright Controls to name a few.