We are initiating coverage on Mainstreet Equity Corp. (TSX: MEQ) with a BUY rating. MEQ is involved in the acquisition, divestiture, value-enhancement, and management of multifamily residential units in Western Canada. The company now owns more than 13,000 units across ~340 buildings focused in six key centres: Edmonton, Surrey, Abbotsford, Calgary, Saskatoon, and Regina. MEQ was founded by Navjeet (Bob) Dhillon in 1997 and was listed on the TSX in 2000. Mr. Dhillon is an entrepreneur who began his real estate career as a teenager in Calgary and is responsible for building MEQ into what it is today.