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.
Crombie REIT wants to be a multi-family player
In this episode, Sandy MacKay welcomes listeners with an introduction before delving into the shifts within the multifamily sector and development strategies that are currently shaping the landscape. He explores market focus areas and identifies potential growth opportunities for investors. Sandy also discusses external acquisitions and expansion tactics, providing insights into how these strategies can drive success in the multifamily real estate market. The episode offers a comprehensive look at the evolving dynamics and strategic approaches that are essential for navigating the multifamily real estate sector.
Key Points
- Crombie Real Estate Investment Trust is leveraging its existing grocery and drugstore-anchored properties to venture into the mixed-use and multifamily residential sector.
- The company plans to develop up to 6,500 residential units, focusing on long-term rental apartments rather than short-term condominium sales.
- Crombie is initially concentrating on 19 development sites across Canada, with a strong emphasis on urban centers like Vancouver, Calgary, Toronto, and Halifax.
Chapters
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Transcript
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