Transactions

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.
condo sales

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 .
condo sales

GTA apartment transactions down from 2015

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.
apartment transaction

Pure Multi-family REIT sells Texas property

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.
apartment transaction

Milestone Apartments REIT acquires U.S. portfolio

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
Halifax

CAPREIT acquires Halifax luxury apartment

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.
apartment market

Canada’s apartment market today

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
Midland retirment residence

Chartwell acquires Midland retirement residence

Chartwell Retirement Residences announced that it has entered into an agreement to acquire the 121-suite Tiffin House Retirement Residence in Midland, Ont.
Montreal

CAPREIT sells Montreal rental property

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.
apartment transaction

Timbercreek U.S. completes $38 million sale

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