UBC’s billion-dollar trust fund baby

A new Business in Vancouver article highlights the role of UBC Properties Trust in managing more than $2 billion in development projects on UBC’s endowment lands this past decade.

UBC’s land has helped UBC rise in global rankings, according to Robert Lee, who founded what became UBC Properties.

Because UBC owns the land it lives on, UBC Properties was able to finance multimillion-dollar development projects completely or primarily through land equity.