Bridging Private Capital Into Our Communities.
To make profit with a purpose and prove that strong financial returns can coexist with societal benefits.
With big crisis comes big opportunity. Our Housing Impact Funds mobilize private capital to create much-needed multi-family rental supply in partnership with non-profits, government bodies, and community stakeholders who share our values around affordability, social inclusion, and environmental sustainability. By collaborating with these diverse partners, our team can deploy capital with lower risk profiles, defensible economic returns and tangible community benefits. Working together allows us to introduce unique partnership structures, accretive financing solutions, layered grant pools and tiered capital stacks ranging from pure philanthropy to mission driven funds to traditional private equity. We are a relationship driven developer with an unwavering commitment to deliver value to our communities and stakeholders. Our value stems from utilizing Ayrshire's vertically integrated construction expertise and subtrade portfolio companies to deliver high quality mixed-market rental at an attractive cost basis. Whether you are looking to deploy capital or source it, we are interested in connecting.
Ingredients for value creation and impact outcomes:
OUR PURPOSE
“Rental housing is more than an asset class and Ayrshire is more than an investment management business. We have a bigger purpose and are uniquely positioned to create great financial and societal outcomes. This means you can expect a strong financial return as an investor, while also knowing your capital is contributing to positive, lasting change. It’s an investment you can feel proud of—both for its performance and its impact.”
Fund Vintages
Ayrshire is currently in the process of developing assets and deploying capital from Housing Impact Fund II, future funds will continue to build upon our foundational vision of innovating how impact housing is delivered in Canada, while delivering industry leading value to our partners.
Featured Projects
01 — Brooklyn Block
Brooklyn Block will deliver over 300 units under an innovative 10-storey light gauge structural steel concept which provides construction costs savings relative to conventional concrete as well as less embodied carbon. The Housing Impact Fund will discount rents on affordable units by over 20% plus coordinate philanthropic donations to our non-profit partners head-leasing those units. This philanthropic component of our capital stack allows for rent discounts to exceed 50%. Our team is incredibly fortunate to be working with the Sinneave Foundation to plan and provide housing that addresses the specific needs of the neurodiverse community. Not only will this project incorporate deep rent affordability but also unique design guidelines specific to the neurodiverse community.
Our Community of Collaborators
The strength of Ayrshire’s team and purpose is further magnified by the meaningful relationships we’ve forged in our community and industry. Below are just a few of the organizations that help us deliver on our mission.
Ayrshire’s current fund and projects are based in Western Canada but we’re continuing to evaluate ways to deliver impact across our country.
Our Philosophy
“We have a strategic focus on acquiring and developing multifamily and commercial properties, alongside investing in innovative technologies that benefit the built environment.”
At Ayrshire, we are continuously learning from our partners with a goal to grow impact outcomes under a targeted, tangible and transparent approach. We are committed to communicating these initiatives authentically.
Key Initiatives
Lowering Emissions - Our vertically integrated construction expertise allows us to drive innovation as it relates to emissions, speed, embodied carbon and waste. Depending on the project (and its stakeholders) we are able to achieve extreme environmental outcomes such as near net zero emissions (NZEr) by shifting from fossil fuels to renewable sources with smart building technologies and innovative design principles. At minimum we able to utilizing our deep expertise with building envelopes and proprietary light-gauge structural steel to achieve 20-40% lower emissions than the 2017 NECB energy code.
Affordability - Under a mixed-market model, we develop high quality rental projects where a minimum 20% of units contain maximum rental rates which are less than 30% of Median Family Incomes. This is our minimum target. With our community partners, we are fortunate to introduce philanthropic capital pools to steepen the rent discounts on these units to less than 50% of Median Family Incomes. Coordinating multiple community partners can be difficult but it creates deeper impact outcomes and stronger risk adjusted returns.
Non-Profit Partners - To partner with local community non-profits in delivering units to people in need. Key partners for our current development pipeline include HomeEd, Sinneave Foundation and Autism Housing Network of Alberta. HomeEd delivers 50% of units at rents below 50% of CMHC's market average and prioritizes housing to waitlisted families. Sinneave Foundation and Autism Housing Network of Alberta work with neurodiverse adults (often with autism) and help integrate housing, community and employment.
