In this episode, Steve Jagger sits down with David Porte, President of Porte Communities, to explore how his family-owned real estate business is breaking barriers in property investment. With over 50 years of experience in the real estate industry, Porte Communities is reshaping the landscape by providing accessible investment opportunities through the addy platform and focusing on strategic growth in emerging markets like Calgary.
Building a Legacy: David’s Journey in Real Estate
David Porte shares his journey into real estate, highlighting his family’s involvement in the industry since 1968. With a diverse portfolio that spans residential, commercial, and industrial real estate, Porte Communities has thrived by adapting to market shifts and maintaining a long-term vision.
David reflects on his leadership role in growing the company and emphasizes the importance of balancing acquisitions, development, and property management. With a team of 80 professionals, Porte Communities has built a reputation for transparency, consistency, and delivering value to both its investors and tenants.
Making Real Estate Accessible to All
A key focus of the conversation is Porte Communities’ partnership with addy, a platform designed to democratize real estate investment. David explains how this partnership enables employees and community members to invest in properties with flexible amounts and terms.
By simplifying the investment process and lowering financial barriers, Porte Communities and addy are making real estate ownership more accessible than ever. As David notes, this approach has empowered hundreds of investors, allowing them to invest alongside his team in properties across Alberta and British Columbia.
Exploring Alberta’s Booming Market
David discusses Porte Communities’ strategic focus on Calgary and surrounding areas. He shares insights into why Calgary’s affordability, population growth, and favourable regulatory environment make it a hotspot for real estate investment.
The podcast highlights several key properties brought onto the addy platform, including:
- The Park at Willowglen: A massive 11-building business park that has seen increased occupancy and rental growth.
- Altadore Townhomes: A unique 20-townhome property with steady rental demand.
- The Airdrie Block: A stratified 40-townhome property offering flexibility for future exits.
- The Harrison: A 51-unit mixed-use building in the vibrant Marda Loop neighbourhood.
- Heartland: A growing residential community in Cochrane, Alberta.
David’s team strategically entered Alberta’s market in 2020, recognizing the potential for growth before it became a trend. By establishing a local presence with a dedicated team, they’ve been able to navigate market dynamics and capitalize on emerging opportunities.
Managing Risk and Delivering Results
David highlights the importance of strong operational teams, strategic discipline, and a focus on community engagement. Porte Communities’ commitment to quarterly reporting and transparent communication has set a high standard, earning praise from addy’s investor community.
David also shares how his team continues to innovate by exploring opportunities to add residential rental units to existing commercial properties, creating diversified cash flows and enhancing property value.
Why Listen to This Episode?
This episode is packed with actionable insights for anyone interested in real estate investment. From navigating Alberta’s booming market to making property ownership more accessible, David Porte offers a wealth of knowledge on building a resilient and forward-thinking real estate business.
Whether you’re an investor, developer, or someone curious about the future of real estate, this conversation is a must-listen for understanding how innovation and accessibility are reshaping the industry.
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Connect with David Porte
- Website: Porte Communities
- addy Properties Discussed:
