At the very least it is something that I have never heard before.
But what the heckfire do I know about real estate and finance and all that.
Anyway, here it is, from a non-pro blog-post from FABula on the developer driven renovation of the old Canada Post building in downtown Lotusland:
...It was also kind of relief to hear about a project where the owner is
planning for almost three-quarters of the units to be rentals, without
city incentives. Just because pension funds like rental buildings for
the income stream...
Must be a short game vs. long game thing for the investors, I reckon.
Regardless, pretty interesting to know, eh?
Especially if you think how, for example, the public could kick-start projects like this with a one time capital investment that could then be used to pay out public rather than private investment schemes (use your imagination....how about an Arts enhancement fund run by people in the know rather than flipmeisters and marketers with big collections?).
It would be kind of like the IPP Ponzification-Of-Everything deal, only in reverse, wherein we front the money and then get money back in return to run entire social industries.
Not to mention garner a whole lot of long term social capital (see the south False Creek co-ops, for example).
Would that be crazy or is it realistically conceivable (and/or has it already been done)?