Woodbourne is a Canadian real estate investment firm that combines an entrepreneurial culture with institutional processes and pedigree.


Woodbourne is a Canadian real estate investment firm and specialist in newly built, high quality, amenitized residential rental properties. In our 20-year history, we have been involved in over 100 projects across various sectors nationwide.

Operating Platforms

In addition to the residential rental sector, Woodbourne has a history of targeting niche sectors that exhibit strong operating fundamentals and have not yet attracted significant institutional capital.

Woodbourne has executed focused investment strategies in niche sectors such as manufactured housing, self-storage, and micro and small bay industrial.


Purpose-built rental apartments in major urban centers that lack rental housing.

Student Housing

Purpose-built student housing within walking distance of campuses.

Seniors’ Housing

Modern, highly amenitized private pay seniors’ homes.

Targeted Niche

Undercapitalized opportunities with attractive market dynamics, such as manufactured housing, self-storage, and industrial.


As real estate investors and developers, we create value and places that positively impact people and communities.



Our culture is our shared set of beliefs and values that underpin and drive our behaviours:


We foster a high-performance environment where we hold ourselves accountable to deliver successful outcomes.


We bring an agile, creative mindset with a bias to action.


We value results over recognition and are constantly striving to learn, grow and improve.


We commit to the highest ethical standards, without compromise.


We unlock the diverse talents and perspectives of our team through high engagement, positive collaboration and mutual respect.

Investment Philosophy

Focused Approach

  • Disciplined, rigorous execution, including structured transactions to mitigate risk.
  • Data-led investment thesis where we believe supply and demand dynamics are attractive.
  • Deep insights and expertise in our areas of investment.

Management Platform

  • Dedicated specialist in residential management.
  • U.S. best practices implemented in Canada.
  • Programmatic investment platforms to invest in specific sectors.

Strategic Partnerships

  • Long-term scalable relationships.
  • Ability to leverage specialized expertise.
  • Alignment between partners to create mutually beneficial outcomes.


To be an exceptional real estate investment firm. Woodbourne’s success is defined by the success of its investors, partners, employees, and the communities in which the firm invests.



Firm Inception

Firm is founded by TJ Heyman in Boulder, Colorado.


Woodbourne began investing in Canada.

Private Equity Launch

Jake Herman joined, opened the Toronto office and co-founded the private equity real estate business.

First Manufactured Housing Investment

Initial investment in the manufactured housing sector with a portfolio in New Brunswick.

First Seniors’ Housing Investment

Initial investment in the seniors’ housing sector with a project in Manitoba.

First Self-Storage Investment

Initial investment in the self-storage sector with a portfolio across British Columbia, Alberta, Saskatchewan, and Ontario.

First CMBS Investment

Initial investment in commercial mortgage-backed securities (CMBS).

First Multifamily Investments

Initial investments in the purpose-built apartment sector with projects in Montreal, Quebec and Edmonton, Alberta.

First Multifamily Development

Began construction on first multifamily development in Calgary, Alberta.

Rhapsody Founded

Woodbourne principals founded Rhapsody Property Management Services in a joint venture with one of the largest property managers in the U.S. to bring U.S.-style, active property management to the Canadian residential sector and exclusively manage Woodbourne projects.

First Student Housing Investment

Initial toehold investment in the student housing sector in Toronto, Ontario.

First Small Bay Industrial Investment

Initial investment in the small-bay industrial sector with a portfolio in London, Ontario.

Certified B Corporation

Woodbourne becomes a Certified B Corporation, joining a global community of businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.

UNPRI Signatory

Woodbourne becomes a signatory to the United Nations Principles for Responsible Investment (UNPRI).


Rhapsody Property Management Services is a multifamily property management firm in Canada focused on purpose-built, high-quality rental communities.

Headquartered in Toronto, the company was formed to satisfy a growing need for sophisticated residential property management for the new generation of purpose-built rentals in Canada. Rhapsody has a differentiated offering based on the highest levels of resident care and community building to create a premium lifestyle experience for its residents. Leveraging technology and the seasoned leadership team’s deep operational experience in both the U.S. and Canada, we believe Rhapsody’s operating platform brings a new standard to property management.
Rhapsody is a winner of multiple industry awards recognizing its marketing, design, and customer service.  More information about these awards can be found on Rhapsody’s website.


lease-up of new build
multifamily purpose-built rentals




combined years of experience
by leadership team

4.3 +

average Google rating