How Ron Lovett Plans To ‘Transform’ 1,000 Affordable Housing Units In N.S., N.B

HALIFAX — Halifax real estate company Vida Living made headlines earlier this month when it bought more than 1,000 units of affordable housing in Nova Scotia and New Brunswick from an investment company connected to Telus.

The sale happened in the wake of controversy stirred up by media investigations and tenant protests at some of the buildings.

While the deal allowed Telus to shed assets that were bringing the company negative attention, it more than tripled the size of Vida’s real estate portfolio.
Unlike Telus, which distanced itself from the properties, Vida founder and CEO Ron Lovett has embraced the publicity that came with the purchase.

Lovett says Vida is on a mission to revolutionize affordable housing and sees the deal as one of the first big steps to making that happen… [Read More]