SAN FRANCISCO—The walkable infill neighborhoods of SanFrancisco, representing a range of housing options, are exhibitingthe low vacancy rates and demographic factors that supportlong-term demand. While there has been increased commercial realestate construction, the Bay Area's development-constrainedmarketplace tends to favor local neighborhood character andexisting properties.

After acquiring 16 residential properties for approximately $200million as part of an execution of a residential propertyaggregation strategy, Canadian-based IvanhoéCambridge and Veritas Investments Inc.now jointly own a total of 45 properties. This exclusivepartnership was created in 2014.

Yat-Pang Au, founder and CEO of Veritas tellsGlobeSt.com: "Pensions and institutions are partnering with Veritasdue to our unique ability to create value by aggregating urbanmixed use apartments and retail in premier neighborhoods in SanFrancisco. Another differentiation we bring to the table is ourinnovative approach in our people and culture … leveragingtechnology, creative space and amenity planning to enhance thefundamental operating value of our properties and desirability byour residents. We also take care to respect the communities inwhich our properties are located, and work to enhance theneighborhood by adding building improvements or by attractingunique, eclectic urban retailers that complements local history,architecture, and community character."