
Navigating Challenges and Opportunities in Canadian and US Multifamily Markets
In this episode, Sandy MacKay kicks off with an overview of the episode's themes, focusing on the rise in multifamily construction and the challenges faced by developers in maintaining market balance. The discussion highlights a Denver-based developer's significant fund and their strategic investment approaches. Sandy delves into the Canadian multifamily sector, exploring innovative strategies and their implications for the market. The episode also features an analysis of Real Estate Investment Trusts (REITs) and the opportunities they present within the Canadian market. Sandy concludes with closing remarks, summarizing the insights and strategies discussed throughout the episode.
Key Points
- Recent reports indicate a significant increase in multifamily construction activity, particularly in the Twin Cities, with a 61% year-over-year rise in new units permitted in September.
- Affordable housing projects like Snelling Yards and Fox and the Grouse Phase II are leading the current multifamily construction landscape, often benefiting from government funding.
- A Denver-based developer has raised a $150 million fund aimed at acquiring distressed apartment properties, potentially unlocking up to $2.5 billion in multifamily investments across the country.
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Transcript
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