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Edmonton

GWLRA selling, building to modernize multifamily portfolio

Steve McLean Residential GWLRA National Mar. 13 2025

As GWL Realty Advisors modernizes its multifamily portfolio, the Toronto-based firm has listed another large apartment property for sale. The twin-tower The Diplomats in Burlington is to be sold and the proceeds reinvested in development and "core holdings".

Melcor gets Firm Capital, Telsec approval for REIT takeover bid

RENX Staff Commercial REITs Edmonton Mar. 6 2025

After publicly opposing Melcor Developments’ (MRD-T) bid to take Melcor REIT (MR-UN-T) private for the past several months, FC Private Equity Realty Mgmt. Corp. (Firm Capital) and Telsec Property Corp. have done an about-turn and agreed to support the move.

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