Prospero International Realty Inc. is a mid-sized real estate company focusing on the purchase and sale of real estate in British Columbia, and the management of investment properties. Prospero is owned by the Lee Family. Robert H. Lee founded Prospero in 1979 and his son Derek Lee has run the Company for the past ten years.
Both Derek and Robert (Bob) Lee have been very active in the Vancouver and B.C. real estate market for the past twenty-five years.
Prospero's prime focus is the purchase, sale and ongoing management of revenue properties whether they be rental apartment buildings, shopping centres, office buildings or industrial buildings. Derek Lee has been successful in connecting clients wishing to sell their properties with investor groups looking to purchase revenue properties.
Prospero has benefited from a core group of long-term property management and accounting staff, many of which have been with the company for over ten years. Each of the property managers have over twenty years of experience in the industry.
By being a smaller company, Prospero is able to give greater attention to each property's and each investor's, particular requirements. The company has over 150 employees operating at properties; in the Okanagan, on Vancouver Island, and in Greater Vancouver. Besides Prospero's business successes, the company and the Lee Family are highly active in supporting the community and numerous charities in the Vancouver area.
Our Property Management Division has earned an excellent reputation for its ability to maximize the value of properties within a client's portfolio.
Prospero currently manages over three million square feet of residential apartment buildings, shopping centres, office buildings and industrial properties, a portfolio which is valued in excess of CDN $600 million.
Our success in managing this diverse portfolio has provided us with a wealth of operational knowledge and insights. Our experience is an invaluable asset to our clients, and produces tangible financial benefits. Over many years, our careful and prudent operating procedures have been refined to ensure buildings are well maintained and property values are enhanced. Our experience in upgrading and rehabilitating properties has allowed us to establish relationships and volume purchasing power with trusted and proven trades and suppliers. Our accounting and information systems are the finest in North America and provide clients with a clear understanding of their properties' performance.
Ultimately, property management is about people. Property management has become one of the most demanding disciplines within the real estate industry, and highly skilled specialists are essential to the success of any property's performance. Prospero's commitment to excellence has attracted an extraordinary team of motivated, long-term employees, and through their professionalism and experience, client investors profit from the highest level of service.
Sales and Leasing
Prospero is reputed in providing clients with an objective, expert perspective on the real estate market, and for shaping and facilitating strategies to create the best opportunities for success. Our clients profit from our knowledge of market conditions, real estate trends and the players involved in the sale and acquisition of major residential, commercial and industrial real estate in Vancouver, British Columbia and North America.
Active in virtually every facet of commercial real estate, the Prospero International Realty Inc. is well positioned to assist clients. We thoroughly research all aspects of a property to assess its value and develop a viable marketing strategy. Before a property is placed on the market, each aspect of the building is carefully reviewed - its physical condition and characteristics, the leases, the strength of its tenants, and its financial record. After analyzing market and financial information, a value is established.
With our extensive network of investors, we are then able to quickly identify the most appropriate purchasers. We have developed and maintained excellent long-term relationships within the British Columbia, the North American and Pacific Rim investment communities. We are aware of the investment needs of corporate and individual purchasers, and understand how to favorably position our clients' properties in the international investment market.
Our comprehensive understanding of the needs and objectives of key players within the investment community provides our clients with a decided sales advantage.
We take pride in our ability to complete real estate transactions with speed and integrity. Our reputation and past performance have established Prospero as a company you can trust.
Prospero has a long history of successful negotiations and satisfied clients. Our years of experience and knowledge of market conditions ensure that our clients always receive the finest, most comprehensive real estate and investment service.
We understand real estate from the insider's point of view. In the last twenty years, Prospero has invested more than CDN $700 million in major residential, commercial and industrial properties across British Columbia and North America.
Our investment projects have provided us with first-hand knowledge and a thorough appreciation of the owner's perspective.
It is because of this point of view that we are able to offer innovative but practical solutions to the wide range of challenges presented to us by our clients. Just as importantly, our investment experience has strengthened valuable business relationships with key individuals in the financial and real estate communities. These valued associations, forged over decades, are based on integrity and trust. This inside track has helped Prospero secure sound joint venture partners, arrange attractive financing for clients and achieve notable success in acquiring prime properties.
Our experience and position within the investment community have proven to be invaluable when negotiating on behalf of our clients. In a business where making profitable investments is the one true indicator of success, it is always an advantage to have the inside track.