Starlight U.S. Multi-Family (No. 5) Core Fund announced that it has sold a 126-unit community in Houston, Texas, and plans to use the proceeds, along with the proceeds from the disposition of Belle Haven Apartments, to acquire Carrick Bend in Denver.
Above average transaction volumes, persistent demand, and foreign capital have been driving Canada's commercial investment property market in 2017, according to a recent report issued by Morguard Corporation.
Starlight Investments announced it has begun the process of acquiring 283 apartment units in two recently constructed, multi-residential properties located at 325 Lakeview Drive in Woodstock and 1042 Paisley Road located in Guelph.
Minto Capital Management Inc. announced the acquisition of Radisson Place in Calgary, a 12-storey multi-residential apartment building.
Starlight Investments announced it has completed the forward purchase of a Hamilton luxury rental property located at 140 Main Street West.
CAPREIT announced that it has waived conditions and will acquire a Montreal luxury apartment, comprised of 256-suites and located in the affluent Côte-Saint-Luc neighbourhood.
Avison Young released its fourth-quarter 2016 Real Estate Investment Review of the Greater Toronto Area, reporting that 2016 multi-res sales declined by 39 per cent.
Killam Apartment REIT announced the closing of two multi-residential acquisitions, in London and Calgary, for a total of $26.2 million.
Tricon Lifestyle Communities announced it has acquired a portfolio of three housing communities in California for a total purchase price of $30.4 million .
According to the latest market report from JLL’s Multi-Residential Advisory Group, GTA apartment transactions have decreased by 36 per cent compared to the same period last year.
Pure Multi-Family REIT announced the successful and profitable sale of Livingston Apartments, located in Plano, Texas, for gross proceeds of US $34.3 million, or US$190,555 per apartment unit.
Milestone Apartments REIT announced that it has acquired a portfolio of six garden-style rental properties in the U.S. for approximately $242.2 million
CAPREIT announced it has completed the acquisition of "76 Place", a luxury apartment in Halifax, Nova Scotia, located in the prosperous Bedford South neighbourhood. CAPREIT paid $17.1 million for the property, financed with its Acquisition and Operating credit facility.
Canada’s apartment market continues to capture the attention of investors craving stability in what has become an uncertain economic backdrop. Notably, Calgary apartment market conditions have
Chartwell Retirement Residences announced that it has entered into an agreement to acquire the 121-suite Tiffin House Retirement Residence in Midland, Ont.
Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") announced it has completed the sale of a building CAPREIT announced it has completed the sale of a building in Montreal containing 145 mid-tier suites. Located at 1150 and 1160 Sherbrooke Street East, the property sold for $24.8 million.
Timbercreek U.S. Multi-Residential Opportunity Fund #1 (the "Fund") is pleased to announce that it has completed the sale of the Granite Park property located in Charlottesville, Virginia for a total consideration of $38.0 million USD