Skyline Apartment REIT exits Hamilton

Skyline Apartment REIT exits Hamilton

Skyline Apartment REIT’s $173-million sale of 11 Hamilton apartment buildings to Q Management LP earlier this month fits the company’s historical strategy and will fill its coffers for new investments. “The bulk of our assets exist in secondary and tertiary markets,” said Skyline president Matthew Organ, adding that Hamilton has evolved into more of a primary market.

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Daniels, Diamond team up on Toronto condos, townhouses

The Daniels Corporation and Diamond Corp. will make at least a small dent in Toronto’s affordable housing problem for first-time buyers with their Daniels FirstHome Markham Sheppard condominium community, which recently broke ground. Thirty per cent of the 328 contemporary condo suites and townhouses will be made available as affordable housing.

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Customized, luxury storage condos growing CRE trend

A Calgary developer of luxury storage space is planning to expand its unique idea across the country. The Vaults provides secure condominium space for cars, boats, RVs and other valuable belongings. Amenities include a private on-site clubhouse and a fully-equipped wash bay. The owner’s space is personal and customized for their storage needs.

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Bentall Kennedy JV to build Calgary industrial project on spec

The Calgary region’s first major speculative industrial development since 2015 is a clear sign that the city has come out of its economic doldrums and is on the path of recovery, backers say. Bentall Kennedy, partnering with the Highfield Investment Group and Hillwood, is moving forward on a 400,000-square-foot facility in Balzac, situated in Rocky View County, just north of Calgary’s city limits.

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Bentall Kennedy maintains top position in GRESB rankings

Bentall Kennedy has run its streak to seven years atop the Canadian rankings of the Global Real Estate Sustainability Benchmark. The company ranked as the No. 1 diversified firm in Canada, second among diversified private firms in North American and third among diversified private firms around the world in the 2017 survey.

Sustainable Biz Canada

Calgary’s Calaway Park still thrills, 35 years later

I spent this past Saturday enjoying the sights and sounds of Calgary’s entertainment wonderland, Calaway Park. Not much has changed since my last visit over 20 years ago, which though nostalgic also led me to wonder, ‘Why’? By most accounts Calaway Park is a beloved local attraction, but it did not start out that way.

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Six months ago: GWL’s love for apartments continues

A self-professed “office guy,” Paul Finkbeiner has learned to love apartments for the steady, predictable profits they churn out for his pension fund shareholder base. “A lot of my competitors are only waking up to it the last five years saying, ‘Oh these apartments are really good.’ We have known it for the last 20,” said the president of GWL Realty Advisors Inc.

Property Biz Canada

One year ago: A more focused, disciplined Summit REIT

REITs come and go. What they rarely, if ever do, is come back around for a second iteration. That’s pretty much what Summit Industrial Income REIT has pulled off. The Brampton, Ont.-based trust has the same management team and the same investment strategy that it had a decade ago.

Property Biz Canada

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