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.
Starlight, CAPREIT, and Morguard: Key Moves in Canada's Multifamily Market
In this episode, Sandy MacKay introduces the latest topics in the multifamily market, setting the stage for a detailed discussion. The episode delves into Starlight Investments' recent initiatives and its partnership with CIBC Investment Management, highlighting the potential impact on the sector. Sandy examines CAPREIT's strategic maneuvers within the multifamily market, providing insights into their approach. The episode also features an analysis of Morguard North American Residential REIT's market stance, offering considerations for investors. Sandy wraps up the episode with closing remarks and gratitude to the audience for their continued support.
Key Points
- Starlight Investments is launching a $750 million fund to purchase purpose-built multifamily rental properties in Canada's largest urban markets, highlighting the growing demand for multifamily housing driven by urbanization.
- CAPREIT is strategically upgrading its portfolio by acquiring five multifamily properties and selling two, aiming to include newer and more premium real estate assets to enhance its asset base and optimize portfolio performance.
- Morguard North American Residential Real Estate Investment Trust has received mixed analyst ratings, with a recent downgrade by the Royal Bank of Canada but continued buy ratings from other analysts, reflecting a nuanced outlook on its potential in the multifamily market.
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Transcript
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