Co-development

While UBC Properties is a developer of many projects at UBC, in Co-development, the role of developer is played by each of the participating individuals. The role of UBC Properties is to initially act as a conduit in bringing like-minded University affiliated individuals together, and then acting as their Project Manager to guide the design, construction and completion of each of the homes. Upon completion of construction, each Co-developer becomes the owner of a pre-identified home. By using Co-developers' equity to fund the required working capital, and avoiding the developer's profit, sales and marketing commissions, it is likely that Co-developers can achieve savings of up to 10 - 20% of the appraised value of a home.

Co-development allows UBC's faculty and staff to own a home in an exciting and evolving community, while assisting in the building of the University's endowment for future generations. This unique experience offers faculty and staff the ability to be involved in constructing a product they sought after while simultaneously building an attachment to the product and watching its progress. To date UBC Properties and almost 200 members of UBC's faculty and staff have completed 4 successful Co-development endeavors.

There are currently no current Co-development projects underway. Please visit us again for news on upcoming Co-development home ownership opportunities.

To register for future Co-development opportunities please contact co-development@ubcproperties.com.