Transactions

Starlight and KingSett

Starlight and KingSett acquire Northview Apartment REIT

Starlight and KingSett Capital announced that they have entered into an agreement to acquire Northview Apartment REIT in a transaction valued at $4.8 billion.
Halifax portfolio

CAPREIT completes acquisition of Halifax portfolio

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) has completed the purchase of the substantial Halifax portfolio it previously announced in December.
Starlight GTA portfolio

Starlight announces $1.7 billion GTA portfolio acquisition

Starlight Investments announced it has completed the acquisition of a 44-building concrete, multi-residential, high-rise GTA portfolio for a purchase price of $1.735 billion.
Halifax

CAPREIT acquires substantial Halifax portfolio

CAPREIT announced plans to move ahead on the acquisition of a substantial Halifax apartment portfolio comprised of eight properties containing fourteen apartment buildings and 1,503 rental suites.
robertson Nexii

Multi-suite market sweet for landlords

Canada’s multi-suite market performed at a healthy level for landlords and investors in 2019, according to the latest Economic Outlook Report from Morguard.
BentallGreenOak

BentallGreenOak acquires Montreal rental complex

On behalf of Sun Life Assurance Company of Canada, BentallGreenOak announced it has acquired Appartements-Boutique, a purpose-built rental complex in Montréal.
Starlight investments

Starlight announces several new acquisitions throughout October

Throughout the month of October, Starlight Investments announced several apartment acquisitions, as well as plans for new developments.
multi-suite rental sales

Starlight acquires Toronto portfolio of 628 rental units

Starlight Investments announced it has completed the purchase of a Toronto portfolio comprised of 628 rental units spread across 12 properties and 19 buildings.
Calgary apartment sector

Apartment sector leads lagging Alberta investment activity

Altus Group’s latest report on investment shows that both Calgary and Edmonton’s commercial real estate sectors were down significantly in Q2, excluding the apartment sector.
multi-suite rental sales

Multi-suite rental sales sustained record pace in Q2

The strong pace of Canadian commercial investment property sales and record-high levels in the multi-suite rental sector defined the second quarter of 2019, according to a new report issued by Morguard Corporation.
GTA rental market Aug 2019

Elevated immigration fuels GTA rental market

A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Milichap.
Starlight and KingSett

Q Management LP acquires 911-suite property in Oshawa

Q Management LP announced it has acquired Rossland Park Residential Community in Oshawa, Ontario, from H. Kassinger Construction Limited for $220 million.
average rents in Canada

Investor interest in rental properties remains high

Altus Group released its latest Housing Report, indicating investor interest in rental remained high in 2018. Almost 1,100 rental properties comprised of over 40,000 suites were sold in the markets tracked.
multi-suite rental sales

Starlight, Blackstone acquire eight Toronto rental properties

Starlight Investments, an affiliate of Blackstone Property Partners, announced they have jointly purchased eight Toronto-area apartment buildings containing 1,067 units.
the Annex Ottawa

Alignvest purchases Ottawa student residence

Alignvest Student Housing Inc. announced it has entered into a contract to purchase a new student housing property in Ottawa, known as "The Annex".
Starlight and KingSett

Starlight and Homestead acquire two rental properties

Starlight Investments and Homestead Land Holdings announced they have jointly purchased two multi-residential apartment complexes for $241 million.
multi-suite rental sales

Firm Capital Property Trust acquires Dartmouth rental building

Firm Capital Property Trust announced it has acquired a multi-residential building consisting of 69 units located in Dartmouth, Nova Scotia.