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Primecorp completes sale of apartment portfolio

Thursday, July 7, 2016

The Primecorp Group of Companies announced it has successfully completed the sale of a 6-property, 415-unit multi-residential portfolio in Ontario. The sale consisted of five properties totaling 346 suites in 10 buildings strategically located within Sarnia and an additional property of 69 suites in Niagara Falls.

“Primecorp’s multi-residential team work diligently to attain and meet the needs of all its client and we are so proud when we succeed in this regard. This is what is so fulfilling about what we do at Primecorp,” said Aik Aliferis, Chief Executive Officer. “I’m always so proud of the relationships that have been created and the successes that have been earned.”

“I believe the market will continue to be strong in the apartment sector for many years to come whether located in principal or tertiary markets,” added Sam Firestone, Chief Operating Officer & Managing Partner, Primecorp. “The stability ‎of the multi-res sector will provide the safe and consistent investment sought after by both domestic and international investors. This transaction is an excellent example of this type of strong opportunity.”

Primecorp is a progressive commercial real estate investment brokerage and management and advisory firm specializing in commercial investment sales, multi-residential investment sales, retail leasing, office leasing, and property management. The firm has offices in Ottawa, Toronto, Gatineau, and Montréal. Primecorp has completed real estate transactions in excess of $6.0 billion CAD in over 55 Canadian cities since its inception.

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