Cranson Capital’s Toronto condo REIT

Cranson Capital’s Toronto condo REIT

The Toronto apartment rental market is hot but with little new product, existing building stock expensive and often locked up by long-term investors, it’s a tough play to get into. Cranson Capital believes it has hit on a winning way for investors to benefit from the rental market by buying newly built condos at a discount from condo developers.

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RioCan wants to be a big city REIT: Sonshine

Earlier this month, RioCan teamed up with Tricon Capital Group and Diamond Corp. to acquire retail outlets and a block of land in midtown Toronto near the Summerhill subway station for $85 million from Woodcliffe Landmark Properties.

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Jennifer Nevitt on how to maximize apartment rents

Maximizing yield from apartment buildings is important, and a successful lease-up for new ones is the key to early and ongoing prosperity for owners.
‘We’re an asset appreciation group,” said Forty2 National Apartment Property Management chief executive officer Jennifer Nevitt, a 33-year veteran of the real estate business based in Philadelphia.

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Toronto’s Templar Hotel is on the auction block

Bidding opened at one dollar for The Templar Hotel, a luxury boutique property in downtown Toronto, this week. “The previous vendor spent a lot of money and went bankrupt,” said Core Consultants Realty Inc. managing director Shawn Abramovitz, who listed the eight-storey, 27-suite hotel.

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Fibre optic should be factor in choosing offices

As the Internet becomes a more crucial part of many business activities, the importance of fibre optic connectivity to deliver peak performance should be taken into greater consideration when companies choose office space.

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What’s behind the commercial condo boom in Vancouver

The prevalence and popularity of owning your own business space has been in the news lately. That’s because growth of commercial condos is trending in Toronto, Vancouver and Calgary.

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Segmenting boomers: The pyramid of boomerdom

The segmentation model for Boomers summarized in this post was given to me in rough form by my friend Iain Meredith, who spent many years at Altus Group studying consumer behavior and trends in the housing market for various real estate clients.

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One year ago: Slate REIT’s ‘non-trophy’ strategy a winner

The company names have changed over the years but the philosophy behind Slate Office REIT’s (SOT.UN-T) latest acquisition is the same as the one that guided Slate founders Brady and Blair Welch when they handled acquisitions for the Blackstone Group: find undervalued office gems while rivals are focused on trophy assets.

Property Biz Canada

Six months ago: NexusCrowd, Downing Street JV on crowdfunding

Crowdfunding startup NexusCrowd Inc. is celebrating its second successful money raise, gathering up $500,000 over five weeks for a GTA industrial redevelopment. The raise was part of a $5.8-million equity raise for Toronto-based Downing Street Realty Partners.

Property Biz Canada

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	Every year RENX shuts down for the first week of July so all our staff can have a summer break.  This year because Canada Day is on a Friday we are taking an extra day.  RENX will resume publishing on July 11, 2016.  Have a wonderful Canada Day!