Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Strategic Acquisitions and Purpose-Built Rentals: Insights from InterRent, GIC, and CentreCourt
In this episode, Sandy MacKay begins with an introduction, leading into a discussion on the recent acquisition by InterRent REIT and its strategic implications. Sandy examines InterRent's portfolio and GIC's investment strategy, providing valuable insights. The episode also covers the sale of The Diplomats by GWL Realty Advisors and their ongoing projects. Sandy delves into the joint venture between CentreCourt and Dream Unlimited, offering insights into their market strategies and track records. The episode concludes with an exploration of purpose-built rental opportunities and Sandy's closing remarks.
Key Points
- The acquisition of InterRent by CLV Group and GIC, valued at approximately four billion dollars, positions the trust as a major player in Canada's multifamily housing sector.
- GWL Realty Advisors is selling The Diplomats in Burlington, Ontario, as part of a strategy to reinvest in core holdings and newer urban properties, while also developing nearly 3,500 new units by 2030.
- CentreCourt and Dream Unlimited Corporation are partnering to develop a major multifamily project at 49 Ontario Street in Toronto, introducing approximately 1,200 new apartments, including affordable housing units.
Chapters
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Transcript
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