Three private investors are spending $197.5 million to purchase the Norgate Apartments from KingSett Capital and Starlight Investments in Greater Montreal. Broker JLL calls it the biggest multifamily transaction this year in Quebec.
Harlo Diversified Canadian Real Estate Trust fund's management plans to incorporate a range of strategies into the new open-ended vehicle, with an eye to raising up to $100 million in equity in their initial call for investors.
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