Firm launches real estate investment

Vancouver Island portfolio management firm De Luca Veale Investment Counsel has launched a new income-producing real estate investment.

Dubbed RealStream Income Properties LP, the new investment is the first of its kind to be offered and managed by a locally-owned portfolio management firm. The goal is to provide conservative investors with a professionally-managed portfolio of income-producing real estate.

RealStream has acquired its first investment property known as Timberline Village, a 30,000 square foot shopping centre in Campbell River, constructed in 2013.

It will be purchasing larger, high-quality income properties typically reserved for pension funds or publicly-traded REITs. In purchasing larger properties, RealStream is looking to afford local investors an opportunity to invest directly in these types of properties without needing to form their own investment group.

The partners, Richard De Luca and Jonathan Veale, invited real estate appraiser and former Vancouver Island deputy assessor Jim Stewart to leave BC Assessment and join them in operating RealStream. Since Stewart’s arrival in January, De Luca Veale completed the additional securities registration required to offer RealStream directly to investors.

“I love what RealStream is doing,” said Jason Winton, Colliers International vice-president and managing broker at Colliers Mid-Island. “By pooling the funds of a number of investors, RealStream affords each investor the opportunity to leverage the management team’s expertise and own larger, high-quality Vancouver Island income-producing real estate, which is often unattainable to the individual buyer.”

The minimum investment for RealStream is $100,000. It targets a total return of seven to nine per cent. RealStream was over-subscribed for the initial intake of investors in August. An investor wait-list is being created.

Learn more about De Luca Veale and RealStream at or call 250-890-2000.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

One of the rescues at CATS - Cat Advocates Teaching & Saving Society’s new location on Knight Road in Comox. Photo by Erin Halushak
Feline rescue organization growing into new space

Cat Advocates Teaching & Saving Society opens new facility on Knight Road

Comox Valley RCMP had access to 20 Street blocked off between Cousins and Choquette avenues as they conducted a raid of a house on the block. Photo by Terry Farrell
Comox Valley RCMP raid Courtenay problem house, several arrests made

Neighbours have reached out to media on several occasions with complaints about the property

A vial of Oxford-AstraZeneca COVID-19 vaccine is pictured at a family doctor office, Thursday, Feb. 25, 2021 in Paris. THE CANADIAN PRESS/AP -Christophe Ena
Tentative COVID-19 vaccine site chosen in the Comox Valley

B.C. is moving into Phase 2 of its COVID-19 mass immunization plan

Cumberland is considering downtown densification proposals, and with that comes questions around parking, among other things. Photo by Mike Chouinard
Water bottling ban, parking key changes for Cumberland zoning

Bylaw on amendments still need adoption following March 2 hearing

Arzeena Hamir, working her booth at the Comox Valley Farmers Market. LUSH Valley was recognized last month as a partner of the year by the BC Association of Farmers’ Markets. Photo by Bill Jorgensen
LUSH Valley recognized for collaboration with Comox Valley Farmers’ Market

They won Partner of the Year award by the BC Association of Farmers’ Markets

VIDEO: Courtenay Nissan hosting YANA fundraiser

Courtenay Nissan is hosting a special YANA fundraiser all weekend long, from… Continue reading

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Burnaby Mounties responded to 56 complaints and issued 10 tickets to people flouting COVID-19 restrictions in February. (Patrick Davies/100 Mile Free Press)
COVID denier fined $2,300 for hosting gathering in her home: Burnaby RCMP

The woman told Mounties she does not believe the pandemic is real

Municipal Affairs Minister Josie Osborne speaks in the B.C. legislature, March 4, 2021. (Hansard TV)
B.C. Liberals, NDP sing in harmony on local election reforms

Bill regulates paid canvassers, allows people in condo buildings

The intersection of Melrose Street and Third Avenue. (ELENA RARDON / ALBERNI VALLEY NEWS)
Suspect in custody after two pedestrians struck in Port Alberni hit and run

RCMP asking for video footage, credit witnesses for quick arrest

The Courtenay Fire Department hopes to start a new recruit training program in mid-2021, pending Provincial Health Orders. Scott Stanfield photo
Courtenay Fire Department gets creative

Due to public health orders resulting from COVID, the Courtenay Fire Department… Continue reading

(National Emergency Management Agency)
No tsunami risk to B.C. from powerful New Zealand earthquake: officials

An 8.1 magnitude earthquake shook the north of New Zealand Thursday morning

(AP Photo/Richard Vogel, File)
Pandemic stress, isolation key factors as to why Canadians turned to cannabis, alcohol

Study found that isolation played key role in Canadians’ substance use

Most Read