Canada’s apartment market continues to capture the attention of investors craving stability in what has become an uncertain economic backdrop. Notably, Calgary apartment market conditions have
Chartwell Retirement Residences announced that it has entered into an agreement to acquire the 121-suite Tiffin House Retirement Residence in Midland, Ont.
Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") announced it has completed the sale of a building CAPREIT announced it has completed the sale of a building in Montreal containing 145 mid-tier suites. Located at 1150 and 1160 Sherbrooke Street East, the property sold for $24.8 million.
Timbercreek U.S. Multi-Residential Opportunity Fund #1 (the "Fund") is pleased to announce that it has completed the sale of the Granite Park property located in Charlottesville, Virginia for a total consideration of $38.0 million USD
National vacancy levels remain healthy as we move into Q3, supporting strong income stability for owners and investors active in the Canadian apartment market.
The CAPREIT acquisition of a Markham townhome property for $16.4 million helps solidify it as one of Canada's largest residential landlords.
Morguard's Director of Research Keith Reading provides advance insights into Q1 market conditions, noting that things continue to look optimistic for the purpose-built rental scene.
Morguard North American Residential REIT announced that it has purchased 160 Chapel Street, a rental apartment building in Ottawa, ON, for $67 million, exclusive of closing costs.
RealNet Canada Inc. announced 2015 GTA apartment market results, noting that total dollar volume for the 12-month period reached $1.7 billion, representing a year-over-year increase
CAPREIT announced that it has completed the acquisition of a portfolio of six apartment and townhome properties located in London, Ontario, totaling 670 rental suites.
Pure Multi-Family REIT announced the successful and profitable sale of Windsong Apartments located in Dallas, Texas, for gross proceeds of US$22.0 million. Windsong is comprised
A proposed amendment to British Columbia’s Strata Property Act could make it easier for apartment developers to scoop up prime real estate in B.C.’s hottest neighbourhoods.
LREIT announced that it has completed the sale of Colony Square in downtown Winnipeg for $70.25 million. The three tower complex consists of 428 apartment suites, approximately 83,300 square feet of commercial space and a 270-stall underground.
Milestone Apartments Real Estate Investment Trust announced that it has entered into a definitive agreement with Starwood Capital Group to acquire, by way of merger, Landmark Apartment Trust for US $8.17 per Landmark share in cash, representing a total enterprise value of approximately US $1.9 billion.
The average cap rate in the GTA for the third quarter of 2015 (Q3’15) hit its lowest level in the last 30 years. Cap rate in Q3’15 stood at 3.75 per cent, down from 4.2 per cent in Q2’15 and down almost 50 per cent from the 6.3 per cent posted in Q3’10.
Pure Multi-Family REIT has announced the successful closing of the Brackenridge at Midtown, a multi-family apartment community in San Antonio, Texas, for a purchase price of US $51,000,000.
The Primecorp Group of Companies is pleased to announce that its National Multi-Residential Investment Sales Group led by Aik Aliferis and Sam Firestone, has successfully completed the sale of a 23-property, 1,685 unit multi-family portfolio in Windsor, Ontario.