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.
Sagard Real Estate Expands Multifamily Portfolio with Acquisition of Highlands at Morris Plains in Northern NJ
In this episode, Sandy MacKay introduces the discussion by focusing on Sagard Real Estate's recent acquisition, offering insights into the strategic moves behind this decision. He examines the property details, renovations, and how these align with Sagard's broader strategy in the multifamily market. Sandy provides a comprehensive view of the acquisition's implications and its potential impact on the real estate landscape. The episode concludes with Sandy's closing remarks, where he summarizes the key insights shared and thanks the listeners for tuning in.
Key Points
- Sagard Real Estate has acquired the Highlands at Morris Plains, marking their third investment in their moderate value-add, open-end fund focused on seaport and last-mile industrial properties and attainable rental housing.
- The Highlands at Morris Plains offers convenient access to major employment hubs and transit options, making it an attractive option for young families and professionals in Northern New Jersey.
- Sagard Real Estate plans to execute a value-add renovation program for the property, including upgrading 96 units and enhancing common areas and outdoor amenities to drive long-term value for residents and investors.
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Transcript
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