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.
Hazelview's Record Loan & Avenue Living's Multifamily Expansion Strategies
In this episode, Sandy MacKay provides an overview of Hazelview Investments' record-breaking CMHC loan and the insights behind their ambitious projects. He delves into the marketing strategies and partnerships that are shaping Hazelview's Bloor-Dufferin project. The discussion then shifts to Avenue Living's expansion in the multifamily and self-storage sectors, highlighting their recent U.S. acquisitions with a focus on Sunbelt markets. Sandy examines Avenue Living's financial strategies, including their investment-grade debt rating, offering a comprehensive view of their growth and positioning in the market.
Key Points
- Hazelview Investments has secured one of the largest Canada Mortgage and Housing Corporation-insured loans ever issued to support a massive multi-tower apartment project at Bloor and Dufferin in Toronto, featuring 856 units of market and affordable housing.
- The Bloor and Dufferin development will eventually deliver over 2,000 apartments and includes significant community benefits, such as a new affordable building, a public park, a community center, and a Toronto Transit Commission tunnel, with the community benefits package valued at $79.8 million.
- Avenue Living has surpassed $8.5 billion in assets under management, driven by an aggressive growth strategy that includes significant acquisitions in multifamily residential assets and self-storage properties across Canada and the United States.
Chapters
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Transcript
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