Transactions

apartment transaction

Northview Apartment REIT acquires 1,250 units

Northview Apartment REIT announced it has agreed to acquire a 1,250-unit portfolio from independent third-party vendors and affiliates of Starlight Group Property Holdings Inc. for an aggregate purchase price of $196.8 million
toronto_apartment_buildings

Q3 2017 apartment market highlights

Overall, the Canadian real estate industry continues to be performing well with the apartment sector holding strong, according to the 2018 Emerging Trends in Real Estate report, published by PwC Canada and the Urban Land Institute
rsz_coquitlam_development_site

High-rise development site sells in Coquitlam, B.C.

Colliers announced that it has sold a high density, mixed-use development site, located steps from the Burquitlam SkyTrain Station in West Coquitlam, B.C.
Vancouver market

Multifamily market thrives in Vancouver

A new report from Avison Young looks at commercial real estate investment activity in five countries and 54 markets, including how the multifamily market has fared to date in 2017.
Hamilton

Skyline sells $173M in assets to Q Management LP

Skyline Apartment REIT announced that it has sold $173M in multi-residential real estate assets to Toronto-based Q Management LP. The sale consisted of nine properties and 1,036 apartment units located primarily in the city of Hamilton.
apartment transaction

InterRent expands portfolio in Montreal and Hamilton

InterRent Real Estate Investment Trust announced that it has entered into an unconditional agreement to acquire two neighbouring high-rise apartments located in Montreal, Quebec.
Brampton property

Brampton property sells with record-low cap rate

Colliers Multifamily Advisory Group announced it has brokered the sale of a seven-storey Brampton property to Starlight Investments for a record-setting price.
Nashville

Starlight acquires Nashville apartment community

Starlight U.S. Multi-Family (No. 5) Core Fund announced that it has acquired a-288 suite, Class "A" Nashville apartment community, constructed in 2015.
apartment transaction

Starlight sells Texas property; acquires Denver apartment

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.
toronto_apartment_buildings

Apartment Market Highlights: Q2 2017

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.
apartment transaction

Starlight acquires two new Ontario rental properties

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.
apartment transaction

Minto Capital acquires Radisson place in Calgary

Minto Capital Management Inc. announced the acquisition of Radisson Place in Calgary, a 12-storey multi-residential apartment building.
Hamilton

Starlight purchases new Hamilton luxury rental

Starlight Investments announced it has completed the forward purchase of a Hamilton luxury rental property located at 140 Main Street West.
apartment transaction

CAPREIT acquires Montreal luxury apartment

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.
GTA new homes market

GTA supply shortage limits 2016 multi-res sales

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.
apartment transaction

Killam announces two multi-res acquisitions

Killam Apartment REIT announced the closing of two multi-residential acquisitions, in London and Calgary, for a total of $26.2 million.
apartment transaction

Tricon Capital Group acquires California portfolio

Tricon Lifestyle Communities announced it has acquired a portfolio of three housing communities in California for a total purchase price of $30.4 million .