VanPlex Plexperts · BC Multiplex Property Manager
Sunstone Realty Advisors
Featured on VanPlex Plexperts — the curated directory of BC multiplex property managers.
Multi-Family Real Estate Advisor + Manager, Sunstone Realty Advisors
North Vancouver multi-family fund manager since 2002.
Founded by Steve Evans and Darren Latoski. Sunstone has bought and managed 70 income-producing properties — 58 in Canada (over $1 billion) and 12 in the U.S. (over $288 million USD). The group launched and sold three publicly traded REITs.
2002
Year founded
70
Properties acquired and managed
$1.3B+
Real estate transacted (CAD + USD)
3
Publicly traded REITs co-founded
Meet Sunstone Realty Advisors
Sunstone Realty Advisors was started in 2002 by Steve Evans and Darren Latoski. The firm runs out of North Vancouver at 50 Fell Avenue and invests in revenue-producing real estate across major Canadian markets and the U.S. Sunbelt.
Across its Canadian funds, Sunstone has acquired 58 properties worth more than $1 billion. Its U.S. funds added 12 properties worth more than $288 million USD. The firm describes its approach as opportunistic acquisition plus value-added management — buying assets it can improve through renovation, better operations, or refinancing.
Steve Evans is President, Director, and CEO. He co-founded three publicly traded REITs alongside Sunstone: Pure Multi-Family REIT LP, which went public in 2012 and sold to Atlanta-based Cortland Group for $1.6 billion in 2019; Pure Industrial Real Estate Trust (PIRET), sold for $3.8 billion in 2018; and American Hotel Income Properties REIT LP. Pure Multi-Family owned 22 apartment communities with over 7,000 units in Texas and Arizona at the time of its sale.
Co-founder Darren Latoski died in September 2013 at age 44. Steve Evans continues to lead the firm with Sunstone’s senior executive team.
Why work with Sunstone
01
Multi-family is the whole business
Sunstone has spent more than two decades buying and operating apartment assets. The Pure Multi-Family vehicle alone held 22 communities and over 7,000 units at sale. For a small multiplex owner, that is operating experience at scale.
02
Value-add operators, not just buyers
The firm’s stated method is to acquire assets it can improve through renovation, operational changes, or refinancing. That is the same playbook that turns a tired rental into a higher-yielding multiplex.
03
Fund and exit track record
Sunstone took three REITs public and sold them — Pure Multi-Family ($1.6B, 2019) and PIRET ($3.8B, 2018) among them. They have run the full cycle from acquisition through disposition.
Frequently asked questions
Does Sunstone manage individual multiplex properties?
Where is Sunstone based?
What is the connection to Pure Multi-Family?
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