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.
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.
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.
On behalf of Sun Life Assurance Company of Canada, BentallGreenOak announced it has acquired Appartements-Boutique, a purpose-built rental complex in Montréal.
Throughout the month of October, Starlight Investments announced several apartment acquisitions, as well as plans for new developments.
Starlight Investments announced it has completed the purchase of a Toronto portfolio comprised of 628 rental units spread across 12 properties and 19 buildings.
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.
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.
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.
Q Management LP announced it has acquired Rossland Park Residential Community in Oshawa, Ontario, from H. Kassinger Construction Limited for $220 million.
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.
Starlight Investments, an affiliate of Blackstone Property Partners, announced they have jointly purchased eight Toronto-area apartment buildings containing 1,067 units.
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 Investments and Homestead Land Holdings announced they have jointly purchased two multi-residential apartment complexes for $241 million.
Firm Capital Property Trust announced it has acquired a multi-residential building consisting of 69 units located in Dartmouth, Nova Scotia.
Minto Apartment REIT announced it has purchased two multi-res buildings in Calgary for $63.8 million. In addition, it is moving forward on the redevelopment of a commercial property into a mixed-use multi-res and retail property in Ottawa.
The latest market report from Marcus & Millichap reveals the GTA apartment sector is experiencing another strong year, with continued growth projected.