Raka Josan and his family, the owners of Josan Properties, value integrity above all else. Cumulatively, as well as individually, this virtue is at the heart of everything they do. ”We would not stand for anything that compromised our integrity,” Raka says. “There are too many honest ways to make money than to consider any alternative.” This strength of character has earned them a respectable and credible reputation within the real estate community and has been the driving force in their impressive growth over the years, achieved organically, and without outside investment capital. Since 2009, the value of their assets under management has grown from $13 million to $100 million, with a goal of $200 million by the end of the decade. “We’re patient and in this for the long run,” Raka says.
Raka grew up assisting with maintenance around the properties, and after receiving his Mechanical Engineering degree from the U of A, he rejoined the family business in 2001. He later returned to school, earning his MBA in 2006. In 2009, Raka’s parents retired, and he took the reins, expanding and diversifying their assets. Today, they work within all facets of commercial real estate, including retail, office, industrial, hotels, apartments, and restaurants, with properties throughout Alberta and British Columbia. “We are a high growth, but established, commercial real estate investment firm that has maintained operational stability and continues to keep debt levels under 45% across the portfolio,” he shares. “Although we currently have no investors outside of our family, we will soon be actively looking for like-minded investors for our CRE fund, launching some time in 2024. We encourage any interested parties to contact us directly.”
The development aspect of real estate has always been the most fulfilling for Raka. Immersed in the business all his life, it is within the scope of development projects that all facets of his education and experiences come into play. But what appeals to him most is watching the process, knowing that upon its completion the development will become a community, and he will have built a happy, safe place for hundreds of families to live and call home.
Raka received his mechanical engineering degree from the University Alberta, and an MBA in finance from the University of Calgary, Haskayne Business School.
CEO & President — Josan Properties