Born in Vancouver in 2018, addy took some time to expand beyond the borders of beautiful BC as it figured out of the gears of its platform.
In 2020, addy fully launched, and by the end of the year had tapped the Alberta market by releasing an opportunity to invest in an industrial park in the Calgary area.
In 2023, the digital real estate investment platform made waves for helping rejuvenate the downtown core of Calgary following a hollowing-out of office space due to the pandemic-fuelled migration to hybrid and remote working models—and the region continues to attract online investment as addy prepares to release two more Calgary-based opportunities.
But that’s not the only geographical expansion addy is currently involved in.
Another upcoming ownership opportunity will see addy release its first-ever US property. The BC firm is headed to Stillwater, Oklahoma to invest in student housing.
The plan, according to addy, is to “take advantage of an asset already going through renovation and with the addition of smart technology implemented throughout.”
“Students can control their units through their mobile phones,” addy explains in a memo about the development, known as the Apex on Perkins.
Additional communal spaces for Apex are expected to be added, “such as an outdoor lounge, hammock garden, fire pit, and dog park.”
The five-year contract predicts an estimated return of 19% with regular payouts.
“Our software offers everyone a chance at property ownership,” addy states online. “When anyone can invest in a property for any dollar amount, everyone has a chance to get into the market.”
Addy offers what it calls “hands-off ownership,” in which the unexpected headaches that come with owning property are handled on behalf of the investor.
“From contracts to closing, from being a landlord to juggling maintenance—our Issuers handle all the details, so you can just pick an address and go,” the BC upstart says, adding that you own a property “alongside thousands of other community members, sharing in the risks and rewards together.”
Most important, addy posits, is that you are investing in something tangible. Even though the platform allows for a completely digital investment process, “owners are investing in something real that they can drive by, point to, and follow updates to see how it’s doing.”