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.
Exploring Kanata North Sustainability and US Multifamily Market Trends
In this episode, Sandy MacKay begins with an introduction before diving into Ottawa's Kanata North conversion project, emphasizing its sustainability focus. The discussion then shifts to Houston, where there's an apartment construction boom, exploring the market's outlook and potential for growth. Sandy highlights the sale and distinctive features of Level at Sixteenth in Phoenix, Arizona, providing insights into the property's appeal. The episode concludes with an examination of strategies employed by Marcus & Millichap and Institutional Property Advisors, offering listeners a comprehensive view of current trends and strategic approaches in the multifamily real estate market.
Key Points
- KRP Properties is transforming a 10-storey office tower in Ottawa’s Kanata North business park into 115 high-end residential apartments, leveraging its location in Canada's largest tech hub.
- Sustainability is a key focus for the project, aiming for the equivalent of LEED gold or platinum standards by reusing and recycling a significant portion of building materials, including diverting 75-80% from landfills.
- Houston is experiencing a significant surge in multifamily housing development, driven by population and job growth, with over 29,000 units under construction and an additional 62,000 units in the planning stages.
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Transcript
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