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Minto Apartment REIT fetes strong 2024 revenues

2 weeks ago

Minto Apartment REIT fetes strong 2024 revenues

Minto Apartment Real Estate Investment Trust (MI-UN-T) posted record highs in same property revenue, same property net operating income, normalized funds from operations and adjusted funds from operations per unit in its 2024 fiscal year ended Dec. 31.

Choice CEO Rael Diamond: Perspectives on a career in CRE

As president and CEO of Canada's largest real estate investment trust, Choice Properties REIT (CHP-UN-T), Rael Diamond oversees a portfolio of more than 700 retail, industrial and mixed-use residential properties.

A real estate look at Hudson's Bay's 96 stores in Canada

The Hudson's Bay Company has said it intends to sell some of its stores and leases as part of its restructuring. In light of that, here is a complete breakdown of the 96 stores, the landlords and its mortgages. 

How much does Brookfield really make?

One of the world's most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolio. Brookfield sold property to itself dozens of times in 2024, using US$1.4 billion from its insurance arm.

Couche-Tard heads to Japan to push for 7-Eleven takeover

Convenience store giant Alimentation Couche-Tard (ATD-T) is stepping up efforts to take over the Japanese-owned 7-Eleven brand, with top executives flying to Tokyo this week to make their case in person.

Floor slab & pallet racking: Key for industrial success

The foundation of an industrial building impacts racking safety and efficiency. With increasing building heights and dense racking systems, slab strength often lags, creating risks. Learn why floor slabs are vital for operational success and tenant satisfaction.

Sponsored by: North American Steel

Loblaw to roll out ‘tariff’ symbols on affected products

As grocers increasingly highlight Canadian products amid a trade war with the U.S., Loblaw (L-T) is rolling out new symbols alongside prices that include an indication that a product’s price has been affected by retaliatory tariffs. 

Vancouver industrial vacancy hits highest level in decade

Industrial vacancy in Greater Vancouver hit 2.6 per cent in late 2024, its highest level in a decade. Still, the region’s vacancy rate is below that of Canada (3.1 per cent) and Toronto (3.1 per cent).

Calgary unveils plans adding 1,100 housing units downtown

Three new residential developments were unveiled by the City of Calgary Monday, along with the announcement of two now-completed office-to-residence conversions, that will bring more than 1,100 new homes in total to the city's downtown west end.

University of Manitoba unveils urban community project

A former golf and country club near the University of Manitoba is set to become the new home of Southwood Circle, an urban community development with housing, offices and a commercial strip that’s the first of its kind in Winnipeg. 

Concord Pacific seeks viaducts removal to build 5,000 homes

A Vancouver-based developer has big plans for northeast False Creek — provided the Georgia and Dunsmuir viaducts are demolished. The viaducts are the biggest obstacle standing in the way of 5,000 new homes to be built by Concord Pacific Developments Corp.

Mount Pleasant's City Centre Motel set for redevelopment

Mount Pleasant’s City Centre Motor Hotel could soon be replaced by a new mixed-use complex with two towers of rental units, ground-floor shops and restaurants and a new visual arts production space.

AIP Realty Trust provides update on expansion plans

AIP Realty Trust (AIP-U-X) has entered into a term sheet and mandate letter with a U.S. banking institution to serve as the administrative agent and sole lead arranger of a senior first mortgage, secured, interest-only US$300M credit facility.

Trump doubles tariffs on Canadian steel, aluminum

U.S. president Donald Trump said he is increasing the steel and aluminum tariff on Canadian goods to 50 per cent to retaliate against Ontario’s move to place a levy on electricity sent to the U.S.

‘Buy Canada’ pressure builds on $2.3 trillion in pension cash

Back-and-forth tariff threats are galvanizing an “invest in Canada” movement that’s prodding pension giants to keep more of their cash at home. They oversee roughly $2.3 trillion, about a quarter of which is invested in Canada.

PSP in talks to buy out D.C. megaproject at $1.8B valuation

The Wharf, a US$3.6B megaproject that reshaped the waterfront of the U.S. capital, is close to being taken over by its Canadian backer. PSP Investments is in talks to buy out majority owner Hoffman-Madison Waterfront.

$60B investment manager raises funds to buy affordable rental homes

Pretium, a U.S. investment manager overseeing nearly US$60 billion of assets, is raising its first fund dedicated to acquiring single-family homes that can be leased at affordable rents, according to people familiar with the effort. 

Wells Fargo sues JPMorgan over troubled $481M real estate loan

Wells Fargo is suing JPMorgan Chase to recover losses for investors in a US$481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric.

Blackstone REIT pivots from office with first new CLO in 4 years

Blackstone Mortgage Trust is preparing to sell its first collateralized loan obligation since 2021, a US$1B deal that shows the real estate investment trust pivoting away from its focus on office properties. 

Office owners scale back concessions

Office lease incentives dropped last year for the first time since CBRE began tracking this metric. A report also shows class-A+/A office building rents and those in class-B and -C continue to go in opposite directions.

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