
Crombie's Multifamily Expansion and Trends in Canadian Real Estate Value
In this episode, Sandy MacKay provides an introduction and overview before delving into Crombie REIT's multifamily developments and strategic acquisitions. He highlights Crombie's advantages in urban properties and their vision for long-term wealth creation. Sandy focuses on Crombie's efforts to develop multifamily sites across Canada and explores trends in long-term real estate value. The episode includes a sponsor segment from Solaris Estates LLC. Sandy also discusses Langdon Park & Standard Real Estate's socially impactful acquisition, providing insights into its significance. He concludes with closing remarks and a thank you to listeners.
Key Points
- Crombie REIT is shifting its focus from retail properties to multifamily developments, leveraging its portfolio of grocery and drugstore-anchored shopping centers to create up to 6,500 residential units.
- Solaris Estates LLC is launching a direct-to-investor capital raise that offers accredited investors transparent access to institutional-grade real estate opportunities while supporting affordable housing in underserved communities.
- Langdon Park Capital and Standard Real Estate Investments have acquired an 84-unit apartment property in Azusa, California, focusing on long-term affordability and community development through strategic renovations and financial collaborations.
Chapters
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Transcript
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