hamilton, Ontario / Syndication Cloud / April 10, 2025 / Tuk Developments
TUK Developments Inc. Unveils Multi-City Growth Strategy with Focus on Impactful Real Estate Investment Opportunities
TORONTO, ON – TUK Developments Inc., led by co-founders Jordan Alexander King and Evan Ungar, is excited to share its expanded vision for investing in Ontario’s rental housing landscape—one rooted in strategy, scale, and social impact. With active rental holdings in 11 cities across Ontario and a development pipeline fueled by plans of a $100 million investment partnership with Tempus Capital Inc., TUK is inviting like-minded investors to join a mission that balances returns with meaningful contributions to housing accessibility.
Strategic Growth in Toronto and Beyond
Building on momentum from their recently announced joint venture with Tempus Capital Inc., TUK Developments is doubling down on its commitment to build “missing middle” housing in Toronto and the GTA, while simultaneously revitalizing neglected and underutilized properties in communities across the province.
This includes both ground-up new developments—like the 10-unit luxury rental building now underway in Toronto—and the acquisition and repositioning of distressed real estate in cities where quality rental housing is in critically short supply.
“TUK is not just constructing buildings—It’s creating long-term rental communities that meet real needs,” said Jordan Alexander King, President of TUK Developments Inc. “TUK portfolio reflects a deliberate strategy: acquire and transform properties in key urban markets where rental demand is strong, and inventory is aging or misaligned with modern tenant expectations.”
Resilient Performance in a Challenging Market
Despite the challenges posed by a down market and persistently high interest rates over the past several years, TUK Developments has continued to actively acquire and successfully turn over assets while many others in the industry have struggled. This resilience is driven by a disciplined acquisition strategy focused on cash flow fundamentals, along with a development approach that increases net operating income through densification, conversions, and the renovation of underperforming or dilapidated properties.
By prioritizing forced appreciation via construction and strategic upgrades, TUK ensures its assets remain cash flow positive in any market cycle—creating both a financial buffer and a long-term value advantage that insulates investors from market volatility.
Why Investors Are Taking Notice
Diversified Portfolio: Active projects and stabilized rental assets in 11 Ontario cities, from major urban hubs to emerging markets.
Experienced Leadership: A proven team with decades of construction, asset management, and real estate development experience.
Strategic Timing: Entering the market during a critical inflection point, with vacancy rates near record lows and rental demand outpacing supply.
Government Tailwinds: TUK’s focus on “missing middle” housing aligns with municipal and provincial goals to encourage multi-unit developments and increase affordability.
Evan Ungar, co-founder, adds: “With high interest rates sidelining many would-be homebuyers, rental demand has never been stronger. This creates an incredible opportunity for investors to participate in high-performing assets backed by real fundamentals.”
Impact-Driven Development
TUK’s mission goes beyond ROI. The firm is actively investing in neighbourhoods that have been historically overlooked, taking on challenging refurbishments and repositioning tired properties into safe, beautiful, and functional homes. These are investments that uplift entire communities—while producing stable, long-term cash flow for investors.
Join Us
TUK Developments is currently engaging with private and institutional investors who are seeking:
Equity or debt participation in real estate development projects
Exposure to stabilized rental assets in high-demand Ontario markets
Partnership with a values-driven firm that prioritizes both performance and purpose
“TUK built it’s business on trust, execution, and vision,” said King. “Now, it’s time to invite the right partners to join in scaling something truly impactful.”
About TUK Developments Inc.
Founded by Jordan Alexander King and Evan Ungar, TUK Developments Inc. is an Ontario-based real estate development and investment firm specializing in modern, mid-density housing across urban and suburban markets. TUK combines innovation, experience, and community-focused strategies to create high-quality living spaces and lasting value for residents and investors alike.
For Investor Inquiries or Media Contact:
Admin@tukcapital.com
Tuk Developments
558 upper gage ave #2
suite 316
hamilton
Ontario
l8v 4j6
Canada
