Avenue Living has acquired Calgary's The Pinnacle apartments – its second major purchase in less than a year at the suburban property. In total, Avenue Living has spent $116 million to acquire over 600 rental units at the site.
Hazelview Investments has a $13.4-billion development pipeline of 21,000 residential units it can deliver on properties it already owns. Much of the growth will come through intensifying existing assets in the Toronto, Montreal, Ottawa and Halifax areas.
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