July 5, 2023
Another major Vancouver-based real estate developer is making a big push into the United States, in an effort to diversify its business.
Bosa Properties announced today it has created the new subsidiary of IPB Properties for its American expansion.
The company states its US growth will focus on “unique rental homes and curated commercial spaces in high-growth cities with burgeoning rental markets.”
IPB’s growth pipeline in Canada and the United States now includes about 5,000 rental homes and 10,000 condominium homes.
Furthermore, Bosa’s four existing company brands will be unified under one umbrella. Moving forward, Bosa Properties, BlueSky by Bosa Properties, Bosa4Rent, and Bosa Commercial will now simply be known as Bosa Properties.
“The reimagined brand architecture was first conceived in 2021, as the company sought to drive clarity in the market, against the backdrop of its continued scale, growing rental division, and increasingly diversified portfolio of mixed-use projects that span across geographies,” reads a release.
