REMI
Fiera

Fiera expands Calgary apartment portfolio

Tuesday, January 28, 2025

Fiera Real Estate CORE Fund announced it has acquired four newly constructed Calgary rental properties in two separate transactions. The fund acquired “the deVille complex” consisting of three 13-storey buildings with 333 rental units, from Calgary-based Remington Development Corporation. Additionally, it acquired the Hudson property in the Marda Loop neighbourhood with 123 rental units from developer Sarina Homes.

According to the Fund, “This strategic addition to the portfolio reflects Fiera’s commitment to investing in high-quality, well-positioned assets across Canada.”

The Quarry Park properties, built between 2022 and 2023, include 256 one-bedroom and 77 two-bedroom apartments. Quarry Park is a master-planned community spanning over 400 acres with residential, commercial, and recreational amenities.

“The acquisition aligns with the CORE Fund’s investment strategy, which targets well-located assets in key markets,” the brief said. “Calgary’s multi-residential market continues to demonstrate strong fundamentals, supported by favourable demographic trends and economic drivers. Quarry Park’s appeal as a live-work-play community further enhances the long-term potential of this investment.”

Also newly developed, the six-storey rental property in the Marda Loop neighbourhood, adds 123 rental units to Fiera’s diverse Calgary portfolio. Each unit offers “modern features, including in-suite laundry and air conditioning, providing residents with elevated comfort and convenience.”

For more information visit:  Fiera Real Estate CORE Fund

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