
Canadian and South African Multifamily Insights with Boston Market Trends
In this episode, Sandy MacKay delves into new investments within the Canadian multifamily real estate sector and offers insights into the South African multifamily market. The discussion expands to encompass a broader investment perspective, emphasizing the growth of multifamily housing. Sandy highlights the sale of the Royal Crest Warwick apartment building and a significant portfolio acquisition. Expert insights are provided on the multifamily markets in Boston and New England, offering listeners valuable perspectives on these regions. The episode concludes with Sandy's closing remarks, summarizing the key insights and their relevance for investors in the multifamily real estate arena.
Key Points
- Starlight Investments has launched a $750 million fund to acquire purpose-built multifamily rental properties in major Canadian urban markets, highlighting the sector's growing attractiveness amidst housing affordability issues.
- The partnership between Starlight Investments and CIBC Investment Management, which is contributing $415 million in equity, underscores institutional investors' confidence in the Canadian multifamily market's stability and potential.
- The recent $132 million sale of Royal Crest Warwick, facilitated by Walker & Dunlop Inc., exemplifies the strong demand and investment potential in the multifamily real estate market, particularly in regions with limited new supply and robust economic fundamentals.
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Transcript
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