Heartwood Trust

Heartwood Trust offers investors exposure to the full lifecycle of purpose-built rental housing development, from entitlement and construction through long-term ownership and stabilization. By leveraging CMHC-insured financing, public incentives, and energy-efficient design, the Trust seeks to generate attractive long-term returns while future-proofing assets against rising energy costs and evolving carbon regulations. Heartwood’s strategy is centered on building high-quality rental communities designed to remain in its portfolio over the long term, rather than pursuing short-term asset sales.

Build-to-Core Strategy:

Assets are developed specifically for long-term ownership, targeting stable cash flow and capital appreciation over time.

Housing & Sustainability Tailwinds:

Focuses on addressing Canada’s chronic housing shortage while targeting significant energy-use reductions and carbon-neutral operations.

Vertically Integrated Platform:

In-house control across zoning, development, and leasing enhances execution efficiency and reduces reliance on third parties.

CMHC-Insured Financing Advantage:

Access to lower-cost, long-term financing supports higher net operating income and asset resilience.

Scalable Development Pipeline:

13 secured projects representing approximately 2,350 potential units and ~$1.4B in total project value.

The Heartwood Trust is focused on developing and holding a diversified portfolio of purpose-built multi-residential rental properties. The Trust’s current pipeline consists of 13 secured development projects representing approximately 2,350 housing units. Developments are designed as mixed-income communities, with 20–30% of units allocated to below-market rents, while targeting energy-use reductions of approximately 65% compared to code standards. The strategy aims to generate returns through rent growth, operational efficiencies, and long-term property value appreciation.