Canadian Apartment Magazine - Transactions
REMI

Transactions

InterRent acquires Hamilton portfolio

InterRent Real Estate Investment Trust announced that it has entered into an agreement to acquire a multi-family portfolio in Hamilton that will add 618 suites to the REIT.

BayBridge Seniors Housing to acquire Amica

Amica Mature Lifestyles Inc. and BayBridge Seniors Housing Inc. have entered into an agreement pursuant to which BayBridge will acquire Amica, owner and operator of 26 luxury seniors residences across Ontario, British Columbia and Alberta.

Milestone acquires apartment in Texas

Milestone Apartments REIT announced that it has entered into an agreement to purchase a 372-unit apartment community in Dallas, Texas, for US $45.1 million

GTA apartment market summary: Q2 2015

After a sluggish opening three months in the GTA, the second quarter rebounded convincingly to reach its fifth best quarter of all-time in dollar volume, totaling $3.6 billion

Canada’s 3rd-largest multi-family REIT forms

Northern Property Real Estate Investment Trust and True North Apartment Real Estate Investment Trust announced the creation of Canada's third-largest publicly-traded multi-family REIT

Akelius acquires six Montreal properties

Akelius announced that it has purchased six rental properties located in Ville de Saint-Lambert, an off-island suburb of Montreal.

Boardwalk agrees to sell Windsor, ON, portfolio

Boardwalk Real Estate Investment Trust announced that it has entered into an agreement with a private REIT to sell its Windsor Portfolio for a total price of $136.2 million.

CPPIB chases multifamily investment returns

Canada Pension Plan Investment Board (CPPIB) announced on Monday that it has acquired a 60 per cent ownership interest in Minto High Park Village, a multifamily rental property in Toronto.

Terra Firma Capital Corp. enters U.S. market

Terra Firma Capital Corp. has successfully completed the closing of two financing transactions in the United States amounting to a total of US $13.5 million.

Milestone purchases North Carolina apartment

Milestone Apartments Real Estate Investment Trust announced that it has entered into an agreement to purchase a multifamily apartment community in North Carolina

True North REIT acquires Hamilton property

True North Apartment Real Estate Investment Trust has closed the previously announced acquisition of 150 and 160 Market Street in Hamilton

Apartment transactions up versus Q1 last year

Apartment transactions totaling $328 million contributed12 per cent to the overall first quarter dollar volume, with 37 properties trading in excess of $1 million.

Chartwell announces plans to sell its U.S. division

Chartwell Retirement Residences (Chartwell), a company specializing in independent living, assisted living and long-term care residences, has announced plans to sell its U.S. business to joint venture partners HCP, Inc. and Brookdale Senior Living Inc. Subject to customary closing conditions, the U.S. division will be sold for $849-million U.S. in the third quarter of 2015.

Milestone REIT to acquire Atlanta apartment

The Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone REIT) has agreed to purchase a 236-unit apartment complex in East Atlanta, Georgia. The community, known as the Village at Almand Creek (Almand Creek), will be purchased for $24-million U.S.

Starlight purchases Texas apartment complex

Travesia Apartments (Travesia), a 396-unit apartment complex in Austin, Texas, has been acquired by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight). Located at 3701 Quick Hill Rd., the 18-building development was purchased for $50.6-million U.S.

Starlight purchases Belle Haven Apartments

The previously announced acquisition of North Carolina’s Belle Haven Apartments by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has closed. Belle Haven Apartments, a group of seven three-storey, 176-unit garden style apartment complex, was purchased by Starlight for approximately $26.4-million U.S.

CAPREIT acquires Alberta apartment property

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired Grandin Tower, a 126-unit apartment property in Edmonton, Alta. At the same time, the company also sold four Toronto apartment buildings located on Wilson Ave.