acquisition
REMI Network
Allied acquires space at 560 King Street West
Allied Properties is set to acquire the retail and office component of 560 King Street West in Toronto for $28 million.
REMI Network
Fortress acquires Collier Centre project in Barrie
Fortress Real Developments has arranged to acquire the Collier Centre in Barrie, Ontario, a mixed-use building that began construction in 2012.
REMI Network
Calloway fully acquires SmartCentres platform
Calloway has completed the purchase of the SmartCentres platform, acquired from Mitchell Goldhar as part of a $1.16 billion transaction.
REMI Network
Allied Properties to buy more King West property
Allied Properties is set to purchase three Class 1 buildings on King West property in Toronto for $100 million.
REMI Network
Calloway to buy SmartCentres in $1.16-bill deal
Calloway REIT (Calloway) is set to acquire SmartCentres and become a fully integrated real estate development company called SmartREIT in a transaction valued at $1.16 billion.
REMI Network
Hilton Garden Inn Montreal Airport is sold
The parent company of Shelter Canadian Properties Limited has bought Montreal’s Hilton Garden Inn Montreal Airport for $15 million. The 159-room hotel, which opened in
Canadian Apartment Magazine
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.
Canadian Apartment Magazine
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.
Canadian Apartment Magazine
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.
Canadian Apartment Magazine
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.
Canadian Apartment Magazine
Allied REIT completes Duncan St. acquisition
Allied Properties REIT (Allied) has completed the acquisition of a 50 per cent interest in a property located at 19 Duncan St. in Toronto, Ont., which the company plans to develop into a mixed-use building including retail, rental apartments and five floors of office space.
Canadian Apartment Magazine
Vancouver hotel to convert to student housing
A 17-storey luxury hotel in downtown Vancouver, known as the Viva Suites Hotel, has been acquired by CIBT Education Group’s (CIBT) wholly owned subsidiary, Global Education City Holdings Inc. (GEC), with the intent to convert it into a 230-bed student housing development for foreign students. The total value of the project, including purchase price and renovations, is approximately $37-million.
Canadian Apartment Magazine
Milestone REIT to acquire Orlando apartment
Heritage on Millenia (Heritage), a 303-unit multi-family apartment community in Orlando, Florida, will soon be acquired by the Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone). Heritage will be purchased for $40.0-million U.S. and is expected to be fully acquired by March 31.
Canadian Apartment Magazine
Starlight to acquire North Carolina apartment
The Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has entered an agreement to acquire a 176-unit apartment complex in Charlotte, North Carolina. Located at 9005 Post Canyon Lane, the LEED-Silver certified property, known as Belle Haven Apartments, will be purchased for approximately $26.4-million U.S.
Canadian Apartment Magazine
Ivanhoé Cambridge acquires 11 Calif. apartments
As part of an ongoing property aggregation strategy with partners Veritas Investments, Inc. (Veritas), Ivanhoé Cambridge has acquired 11 multi-residential properties in San Francisco, California. Together, the acquired properties represent a total investment of $190-million U.S. This brings the number of American properties jointly owned by the partners to 20.
Canadian Apartment Magazine
CAPREIT acquires Dublin apartment portfolio
The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired an apartment portfolio in Dublin, Ireland, consisting of 270 residential suites and 50,214 square feet of mixed-use commercial space. The Rockbrook Portfolio, which was purchased for € 87.3-million, is the first acquisition that CAPREIT has completed under the previously announced “Pipeline Agreement” with Irish Residential Properties REIT plc (I-RES).
Canadian Apartment Magazine
Mainstreet acquires $33.7-mil Surrey apartment
A 331-unit, five-building rental complex, located in Surrey, B.C., has been acquired by the Calgary-based Mainstreet Equity Corporation (Mainstreet). The property was purchased for $33.7-million and brings Mainstreet’s total Vancouver/Lower Mainland B.C. apartment portfolio to just over 2,700 units.


