Real Estate Gifting
The majority of projects we work on at Portico occur within Greater Vancouver. For the most part, we work with local developers, builders and a few residential clients. As such, we see a very connected network of business people in the lower mainland and know that real estate development and sales very much drive the economy. Primary focus for all is profitability, sales, reputation and the next project.
However, we all need to take a step back from time to time and consider those that are so much less fortunate than we are. The following outlines the generosity and success of a humanitarian project taken on by one of our clients. It is heartwarming to see how these individuals have taken the time to figure out how to give back to the less fortunate, and to use real-estate sales to do so.
Pete Dupuis and Sid Landolt of S and P Destination Properties have jump started an incredible social housing project with The World Housing Organization; a vision to build housing for the poor in the third world.
Through a chance meeting and conversation between Pete Dupuis and the founder of TOMS shoes, Blake Mycoskie, before Pete knew it, he had a new direction for his Master’s thesis, that being Social Housing in the Third World. Thus began the incredible journey of using real-estate to provide housing to people living in poverty and in landfill sites around the world.
The launch of S & P’s latest property venture, the Ritz Carlton Waikiki Resort, coincided with the start of “the world’s first one-for-one real estate gifting model”. S & P’s mandate was as follows:
“For every home sold at our event, another home will be gifted to a qualified, deserving homeless family in the third-world. Our first World Housing recipient community will be Scott Neeson’s Cambodia Children’s Fund located in the Steung Meanchey landfill community in Phnom Phen, Cambodia. Our goal is to generate funding to launch our first round of homes to be gifted on November 1, 2013.”
We are truly impressed with this project and hope that some of our other clients join with S & P to participate in future World Housing events like this one.
Congratulations S & P!
To get involved please take a look at the World Housing website, Roof’s Over head
Photo from the Roof’s over head website