Promise of safe haven woos foreign investors

Promise of safe haven woos foreign investors

Foreign investors contemplating Canada’s multifamily market may see more theoretical than actual opportunity, given the current scarcity of available product.

Blackstone’s takeover of Tricon closes May 1

Canadian-based Tricon Residential announced it is set to sell all its remaining shares to US-based Blackstone Real Estate in a $3.5-billion transaction.

CAPREIT ends 2023 with series of transactions

CAPREIT ended off 2023 with a series of transactions that included the purchase of two newly constructed rental apartments in British Columbia.

Concert Income Properties acquires Class A rental building

Concert Income Properties announced it has acquired a Class A, mixed-use rental building on Granville Street in Vancouver.
InterRent joint venture

InterRent announces joint acquisition of Brampton property

InterRent REIT announced it has closed on the purchase of a 605-suite apartment community at 2 and 4 Hanover Road in Brampton, Ontario.
singleton reynolds

CAPREIT sells interest in three Ottawa rental properties

CAPREIT announced it has completed the disposition of its 50 per cent, non-managing interest in three mature Ottawa rental properties.

Equiton closes 2022 with Toronto multi-res acquisition

Equiton Residential Income Fund Trust announced it ended a busy year with the acquisition of a Toronto multi-residential property for $50 million. 

NexLiving acquires Saint John portfolio for $34.3 million

NexLiving Communities Inc. announced it has acquired two properties in Saint John, New Brunswick, for $34.3 million.

Centurion to acquire Gatineau multi-res development

Centurion Asset Management is set to acquire Phase I of a three-phase multi-residential apartment portfolio in Gatineau, Quebec.
Tricon Residential

Tricon sells remaining interest in U.S. portfolio

Tricon Residential announced it has entered into an agreement to sell its remaining 20 per cent interest in 23 U.S. apartment buildings for approximately $315 million.
Ottawa apartment

Centurion announces pending Ottawa apartment acquisition

Centurion Asset Management Inc. announced the pending acquisition of an Ottawa apartment complex in the city’s Overbrook neighbourhood.

Starlight Investments acquires 10 Ontario assets

Starlight Investments announced it has completed the acquisition of 10 Ontario assets located in Ottawa, Kingston, London and Welland.

Morguard acquires Chicago residential complex

Morguard announced it has acquired Echelon Chicago, a Class A multi-suite residential complex, for a purchase price of US $133 million.

Chartwell set to sell two long-term care homes in B.C.

Chartwell Retirement Residences announced it has entered into agreements to sell two long-term care facilities located in BC.

Equiton acquires Brampton residential property

Equiton Residential Income Fund Trust announced it has acquired a multifamily residential property in Brampton, Ontario, for $63.25 million.

Fengate acquires prime Toronto development site

Fengate Asset Management has acquired a mixed-use development site located in downtown Toronto’s Entertainment District.
Park Property acquisition

Park Property acquires London portfolio for $571 million

Park Property Management has purchased the iconic Cherryhill Village in London, Ontario, for a record-setting $571 million.