Joint Policy.
Underutilized apartments, dedicated floors, and entire buildings, converted into managed flexible-stay assets. Short-term stays, long-term returns.
What Partnering With Us Means.
- One Asset, Two Revenue Models.
- We sit where multifamily, hospitality, and extended stay meet, converting space that underperforms as pure residential into a managed flexible-stay asset.
- Full Occupancy On Day One.
- As anchor or sole tenant we remove the lease-up ramp, leasing commissions, turnover costs, and tenant credit risk. Net operating income starts at completion instead of climbing toward it.
- Operated End To End.
- Keyless access, noise monitoring, in-house housekeeping and maintenance, and a pricing engine driving $509 CAD RevPAR in New York and $253 CAD in Toronto.
The Numbers.
What the portfolio has delivered since 2018, across six cities and three countries.
- $34M
- Gross revenue, CAD, global
- 508
- Bedrooms managed, 205,690+ sq ft
- 91.3%
- Peak occupancy, Q3 2025
- 2X
- Revenue growth, year over year
Four Ways To Partner.
- Master Lease
- We become your single anchor tenant on a fixed lease. Guaranteed monthly rent, no vacancy exposure, no turnover cost.
- Hybrid Lease
- A guaranteed base rent holds cash flow steady, while a shared upside lets ownership capture seasonal rate surges.
- Revenue Share
- We run the hospitality layer end to end and share gross revenue, on institutional-grade pricing and distribution.
- Operating Partnership
- Multi-building and cross-market management, from boutique hotels to apartment-hotels.
Owners And Developers We Work With.
Buildings We Operate.
1141 Broadway
A 1927 boutique hotel in the Flatiron District, configured for hotel and extended-stay use.
New York, 64 keys
Visit the hotel- 12 West 44th StNew York, 91% occupancy
- A historic Midtown property between Fifth and Sixth, at $498 CAD average daily rate.
- 159 Elm StToronto, $243 CAD RevPAR
- A five-suite downtown apartment hotel by the hospital corridor, at 89% occupancy.
- 21 Iceboat TerraceToronto, 23 bedrooms
- An active CityPlace address hosting 1,120+ guests a quarter.
The Terms, In Plain Language.
How does Return Policy structure real estate partnerships?
Four structures, matched to the owner's risk profile and asset type. A fixed master lease pays guaranteed rent on selected units, floors, or full buildings. A hybrid lease pairs a guaranteed base rent with performance upside. A revenue share splits gross revenue while we operate the hospitality layer. An operating partnership covers full-building or portfolio management.
What property types does Return Policy partner on?
Partial buildings, where we master-lease or operate one or more dedicated floors; full buildings operating as boutique hotels or apartment-hotels; and multi-building or cross-market portfolio partnerships. We operate in Toronto, New York City, Vancouver, Jersey City, Mexico City, and Mississauga.
How does partnering with Return Policy accelerate lease-up and NOI?
Return Policy acts as anchor or sole tenant, delivering full occupancy on day one after completion. That removes the traditional residential lease-up ramp, ongoing maintenance costs, leasing commissions, and tenant credit risk, which lifts net operating income.
What is Return Policy's track record and portfolio size?
Founded in 2018, Return Policy manages 508+ bedrooms across more than 205,690 sq ft in 6 cities and 3 countries, generating over $34M CAD in global gross revenue. Average annual occupancy is 87%, peaking at 91.3% in Q3 2025, with average daily rates of $635 CAD in New York and $300 CAD in Toronto.
Let's Talk Terms.
Tell us about your asset and we'll take it from there. No obligation, no exclusivity talk on the first call.