CRE

Anthem and Crestpoint form CRE partnership

Monday, July 11, 2016

Anthem Properties Group and Crestpoint Real Estate Investments have teamed up to co-own a portfolio of 11 shopping centres located in B.C. and Alberta.

The $362 million deal, brokered by CBRE, features assets that total more than 1.3 million square feet. form CRE partnership.

“We are really pleased to be partnered with a group that has the calibre and reputation of Crestpoint, and we look forward to working together to create significant value for our investors,” Eric Carlson, chief executive officer of Anthem, a company headquartered in Vancouver, B.C.

The joint-venture assets include centres in Calgary, Edmonton, Metro Vancouver, as well as other locations in Alberta and British Columbia.

“We are excited about all aspects of this transaction,” added Kevin Leon, president of Crestpoint Real Estate Investments. “This is a chance to add a quality collection of primarily food-anchored retail properties to our portfolio, the ability to establish a new relationship with a firm of the calibre and experience of Anthem, and the opportunity to expand and grow the portfolio in the future.”

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