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Condo Revitalization

We acquire struggling and aging condo buildings, work through their existing problems, invest in them, and bring them back to a stronger, sustainable condition.

Below are real Harmani projects with the numbers: what the units were worth, what we paid the owners, and what we did with each building.

See the case studies
15+ Condo buildings acquired
500+ Units
15 Years in business

How it works

  1. Acquire

    We buy the units from the owners, often in buildings that are struggling financially or physically.

  2. Work through the problems

    Reserve fund shortfalls, deferred maintenance and unfinished repairs are dealt with one at a time.

  3. Invest

    We put money into the building: repairs, upgrades and the work that was put off for years.

  4. Stabilize

    Over time the building is brought back to a stronger, sustainable condition and managed long term.

It takes time

Some buildings come to us with negative reserve funds, deferred maintenance, financial problems or years of neglected work. None of that can be fixed overnight. Some buildings take a year or longer to stabilize and improve.

Each case below shows where the building started, what was done, and where it is today.

Case studies

Real Harmani projects. Open a case to see the numbers, the work and the documents behind them.

Diamond Ridge

78-unit condominium · Edmonton · Published October 6, 2026

67 of 78 units sold voluntarily to Harmani

2-yr CMA avg. $112,165
Harmani paid avg. $149,285.06
$37,120.06 above CMA average
Diamond Ridge, a four-storey apartment building at 600 Kirkness Road NW, Edmonton
600 Kirkness Road NW, Edmonton
67 / 78 85.9% of units were sold to Harmani voluntarily.

Acquisition pricing

2-year CMA average $112,165 20 individual sales
Average appraised value $120,000
Harmani purchase average $149,285.06 67 acquired units
$37,120.06 Average paid above the 2-year CMA sales average. $149,285.06 average purchase price minus $112,165 CMA average.

CMA: comparative market analysis, the average of 20 individual sales over 2 years.

Revitalization scope

Planned and ongoing work on the building and site.

Cockroach infestation

Eradicate an infestation reported as ongoing for multiple years.

Roof repair

Address ongoing roof leaks reported over several years.

Sewage backup

Repair sewage backup issues affecting the property.

Water migration

Eradicate ongoing water migration between units.

Boiler and water tank

Boiler, water tank and common-area repairs.

Landscaping

Improve and maintain the property's landscaping.

Exterior membrane

Complete exterior membrane repairs.

Reserve fund position

Current reserve fund $186,837.60
Recommended for Jan. 2027 $524,120
Shortfall $337,282.40

Sources. Financial and reserve-fund figures are based on financial statements and reserve-fund studies provided by the condominium corporation. The revitalization scope is Harmani's plan for the building and reflects planned and identified work.

Download this case study (PDF)

Own a unit in a struggling or aging condo building?

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