Woodbourne Capital Management

What Woodbourne Capital Management does

Woodbourne Capital Management is a Canadian-focused real estate investment firm that invests, develops, and operates residential rental and niche real estate on behalf of global institutional investors. Founded in 2000 by TJ Heyman in Boulder, Colorado, the firm opened its Toronto office in 2007 under partner Jake Herman and has since completed 115+ transactions across nine Canadian provinces spanning six product verticals: multifamily rental apartments, student housing, seniors' housing, manufactured housing, self-storage, and small-bay industrial. As of December 31, 2025, the portfolio includes 17,800+ multi-residential units, 8,800+ student beds, 4,500+ seniors' housing suites, 6,100+ self-storage units, and 1.84M+ sq ft of industrial space.

The firm executes core, value-add, and opportunistic strategies through a platform that combines in-house underwriting with strategic operating partnerships. Its investment philosophy is described as data-led, anchored on supply and demand fundamentals and structured transactions for risk mitigation, but no proprietary technology systems, AI/ML models, or software products are disclosed. The firm is registered as an investment adviser with the U.S. SEC and as a portfolio manager with the Ontario Securities Commission, and is a Certified B Corporation (2023), UNPRI signatory (2023), and GRESB participant since 2022.

Woodbourne is 100% internally-owned and generates revenue through investment management fees and performance-based compensation on capital raised from public and private pension funds, endowments, foundations, insurance companies, family offices, and funds of funds. Distribution is conducted via direct institutional sales and a secure Intralinks investor portal. Operational scale of 40+ staff across Toronto and Boulder, with $1.3M+ in cumulative corporate donations and 445+ volunteer hours in 2024, indicates a mid-sized specialist manager building towards the first net-zero carbon development in Toronto (construction commenced 2023).

Name

Woodbourne Capital Management

Legal name

Woodbourne Capital Management International, LP

Website

https://woodbourneinvestments.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Woodbourne Capital Management is a 100% internally-owned Canadian real estate investment manager that invests in multifamily, student, seniors', manufactured, self-storage, and industrial properties on behalf of global institutional investors, with offices in Toronto and Boulder.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Nonresidential Property Managers (531312), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Real estate investment management
• Institutional asset management
• Multifamily residential investment
• Commercial real estate development
• Real estate private equity

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Investment Management: Generates revenue through investment management fees and performance-based compensation by investing institutional capital across Canadian real estate sectors including multifamily, student housing, seniors' housing, manufactured housing, self-storage, and industrial properties.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Woodbourne Capital Management invests in, develops, and operates residential rental and niche real estate properties across Canada on behalf of global institutional investors. The firm deploys capital across six asset class verticals—multifamily rental apartments, student housing, seniors' housing, manufactured housing, self-storage, and small-bay industrial—through core, value-add, and opportunistic strategies, and raises institutional capital through private placement offerings.

Product overview

Woodbourne Capital Management is a Canadian real estate investment firm offering a diversified portfolio of residential rental properties and niche real estate investments. The core offerings include three primary product lines—Multifamily (purpose-built rental apartments), Student Housing (campus-proximate student accommodation), and Seniors' Housing (private pay seniors' homes)—alongside targeted niche sector investments in Manufactured Housing, Self-Storage, and Small Bay Industrial. The firm operates across nine Canadian provinces, investing in core, value-add, and opportunistic strategies on behalf of global institutional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Investment Strategy Investment in purpose-built rental apartments in major Canadian urban centers that lack rental housing, targeting newly built, high-quality, amenitized residential rental properties for institutional investors.
• Student Housing Investment Strategy Investment in purpose-built student housing within walking distance of university and college campuses, providing rental accommodation for students across Canadian markets.
• Seniors' Housing Investment Strategy Investment in modern, highly amenitized private pay seniors' homes offering residential housing and care for the aging population in Canada.
• Manufactured Housing Investment Strategy Investment in the manufactured housing sector as a targeted niche opportunity with attractive market dynamics; initial investment in a New Brunswick portfolio.
• Self-Storage Investment Strategy Investment in the self-storage sector as a targeted niche opportunity, with an initial portfolio across British Columbia, Alberta, Saskatchewan, and Ontario.
• Small-Bay Industrial Investment Strategy Investment in micro and small-bay industrial sector as a targeted niche opportunity, with an initial portfolio in London, Ontario.

Quantifiable outcome

• 115+ transactions completed across 9 Canadian provinces
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

Four partnerships are on record, tiered minor.

• Feed It Forward (FYFB)minorOthersCharitable partner receiving corporate donations and sponsorship support. Woodbourne has contributed over $1.3 million in corporate donations and sponsorships since 2014.
• Habitat for HumanityminorOthersCharitable partner receiving corporate donations and sponsorship support as part of Woodbourne's community involvement initiatives.
• The Hospital for Sick ChildrenminorOthersCharitable partner receiving corporate donations and sponsorship support as part of Woodbourne's community involvement initiatives.
• Canadian Red CrossminorOthersCharitable partner receiving corporate donations and sponsorship support as part of Woodbourne's disaster relief and community support initiatives.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Boardwalk REIT: Publicly-traded Canadian multifamily REIT with ~50,000 apartment units concentrated in Alberta, Saskatchewan, Ontario, and Quebec — a direct acquirer and operator competing for the same Canadian purpose-built rental stock.
• Centurion Asset Management: Canadian private investment manager focused on multifamily apartments, student housing, and seniors' housing — near-direct overlap with Woodbourne's three core residential verticals and similar institutional LP distribution in Canada.
• Starlight Investments: Toronto-based private Canadian residential real estate investment manager with a comparable multi-residential, mid-market, institutional-LP business model and diversified strategy across apartments, townhomes, and select niche assets — directly competes for the same Canadian institutional mandates.
• CAPREIT (Canadian Apartment Properties REIT): Canada's largest publicly-traded multifamily REIT with ~60,000 units across six provinces; competes for the same Canadian rental-residential acquisition opportunities and institutional capital pool that Woodbourne accesses.
• Minto Group: Ottawa-based Canadian residential developer, owner, and investment manager active in multifamily rentals across Ontario and Alberta; similar vertical integration of development, ownership, and institutional capital raising.
• KingSett Capital: Canadian real estate private equity firm raising capital from pensions and foundations for multifamily, office, industrial, and seniors' housing strategies — overlapping LP base and core asset classes with Woodbourne.

Broad incumbents

• Brookfield Asset Management: Global alternative asset manager with a large Canadian real estate platform across multifamily, seniors' housing, student housing, and industrial; larger-scale institutional competitor for global pension LP allocations to Canadian real estate.
• Trez Capital: One of Canada's largest private mortgage and real estate investment managers with a broader multi-strategy platform spanning debt and equity — overlapping LP base and Canadian real estate focus, but with a wider scope than Woodbourne's pure equity orientation.
• Morguard Corporation: Long-standing Canadian real estate investment manager and REIT operator with diversified multifamily, retail, office, and industrial assets — comparable institutional LP relationships and Canadian footprint, but broader asset-class mandate.

Regional players

• Greystone Real Estate Investment Trust (formerly Granite REIT): Canadian industrial-focused REIT overlapping with Woodbourne's small-bay industrial segment; competing acquirer in Ontario and Western Canadian industrial sub-markets where Woodbourne has built positions.

Market position

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/woodbourne-capital-management-international-lp

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woodbourne Capital Management