A private equity real estate firm investing in purpose-built rental housing in Canada and the United States, alongside families, family offices and institutions.
Lobo Capital & Partners was formed by Derek Lobo and Joshua Hoo. Derek has spent four decades in the apartment business as a broker, advisor and author, and has placed private capital with developers on both sides of the border. Joshua has structured and raised more than $300 million of private capital for real estate development and runs a registered exempt market dealer and a licensed brokerage.
The firm exists to source institutional-grade rental housing investments for a select circle of ultra-high-net-worth families and institutions, and to place our own capital beside theirs. Derek secures the developer, the site and the terms through relationships built over four decades. Joshua underwrites and structures each investment to the standard a pension fund or life insurer would expect, documents it accordingly, and manages it through the full hold. We present only the opportunities we would invest in ourselves, and we report to our investors with the rigour we would expect in their place.
Figures reflect the founding partners' careers before Lobo Capital & Partners, at Rock Advisors Inc. and Greybrook Realty Partners respectively.
We invest in one asset class and know it well. Within rental housing we work in three ways.
We co-invest with experienced apartment developers in Canada and the United States, taking a limited-partner or co-general-partner position in new rental communities. The developer builds and operates. We bring the equity, the structure and the oversight, and we stay in the deal until it is stabilised and refinanced.
Low-rise and mid-rise rental in Ontario, garden-style communities in the US Midwest, and larger sites delivered in phases. Buildings are planned to be held, with CMHC and agency take-out financing in mind from the first drawing, so that the refinancing returns most of the equity and the income continues.
Rental projects that have stalled or run short of capital, and need completion funding, a new structure or a new partner. We price these on the asset and the discount, not on the original plan, and we put our own structuring work into making them whole.
Canadian capital placed with Milhaus, a national multifamily developer and operator headquartered in Indianapolis, with more than 9,000 owned apartments across the Midwest and Sun Belt.
Two mid-rise purpose-built rental buildings on adjoining sites in south Barrie, delivered in two phases. A three-way joint venture with Milhaus and Drewlo Holdings, structured by Lobo Capital & Partners.
Projects shown reflect investments arranged by the founding partners and their affiliated firms. Past performance is not indicative of future results.
Founding Partner
Derek has worked exclusively in the apartment business since 1986. He is the founder, President and Chief Executive Officer of Rock Advisors Inc., Brokerage, the Burlington, Ontario firm he built into Canada's specialist advisor on purpose-built rental and student housing, and its Broker of Record.
Over four decades he has brokered some of the country's largest apartment transactions, advised developers, pension funds, REITs and governments on what to build and how to position it, and raised private capital for apartment developers in Canada and the United States, including Milhaus and Denton Floyd. In 2005 he took a sabbatical from Rock to serve as Vice-President, Sales and Marketing at CAPREIT, and he has since worked with Starlight on its US multi-family platform.
Derek is President and Chair of the National Apartment Council, which represents Canada's private apartment developers, and the author of twenty-one books on apartment development and investment. He founded Apartment University and The Self Funding House, and is a regular speaker at the major real estate and investment conferences in North America.
Founding Partner
Joshua has spent more than 25 years in real estate development, private equity and capital markets in Canada, New Zealand and Asia. For eleven years he was with Greybrook Realty Partners, one of Canada's largest real estate private equity firms, latterly as Executive Director, Private Capital Markets, where he raised more than $300 million across more than 60 development projects for roughly 1,000 investor households.
Before that he ran his family's development group in New Zealand through fifteen projects and some 800 homes and sections, leading every stage from feasibility and land acquisition to construction, marketing and closing. He remains Group General Manager of that business.
Joshua is the founder and Chief Executive Officer of Goodland Equity Partners and of Goodland Wealth Inc., an exempt market dealer registered in Ontario, British Columbia, Alberta and Québec, where he holds the Ultimate Designated Person and Chief Compliance Officer registrations personally. He is Broker of Record of Hoo Capital Realty Inc., holds a Bachelor of Commerce and a Postgraduate Diploma from the University of Auckland, and is bilingual in English and Mandarin.
We raise capital from ultra-high-net-worth families, family offices and institutional investors in Canada and abroad who want direct exposure to rental housing alongside a sponsor they can speak to. Each investment is a single, identified project or a defined portfolio, not a blind pool.
Minimum commitments apply. Every subscription is papered through Goodland Wealth Inc., a registered exempt market dealer, under confidential offering documents, and reported on quarterly.
If you have an apartment site or a rental project that needs an equity partner, a completion partner or a new structure, we would like to see it. We look for experienced sponsors, locations where rental demand is proven, and projects that can be financed through CMHC or an agency take-out once stabilised.
Enquiries are read by Derek and Joshua personally. Tell us briefly who you are and what you would like to discuss, and one of us will reply within two business days.
