QMLP buys residential portfolios in Hamilton, London

QMLP buys residential portfolios in Hamilton, London

Q Management LP (QMLP) has entered into agreements to acquire 2,019 suites at 24 properties in Hamilton and London, Ont., giving it the critical mass it desires in both cities. “Our strategy is to buy very well-located assets in markets that are growing and strengthening, and to enhance the assets by spending targeted capital expenditures,” said QMLP president and chief executive officer Dan Argiros.

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CAIC panel tackles best practices for older apartment buildings

Older apartment buildings need to be treated differently from new properties when it comes to buying, selling and maintaining them, and a panel of key players discussed their strategies at the Sept. 6 Canadian Apartment Investment Conference in Toronto. More than 80 per cent of apartment buildings in Canada are considered older assets, according to panel moderator and Colliers International managing director Karl Innanen.

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What crisis? Canada’s retail sector adapting, experts say

Daily headlines of doom and gloom in Canadian retail might be overblown, according to panelists discussing the sector at the 14th annual RealREIT conference in Toronto on Thursday. “Retail has always had turmoil,” said OneREIT CEO Richard Michaeloff. “It has always changed. You look back over time, retailers have come and gone. You had downtown stores and then suburban stores. You had Walmart come in . . . there has always been lots of change.”

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Vancouver developers bullish on Calgary’s recovery

Calgary’s real estate market has taken a hit over the last few years due to a vicious economic downturn, but Vancouver developers remain bullish about the Alberta city’s long-term prospects. Firms such as Bosa Development, Anthem / Anthem United and Hungerford Properties continue to create new projects in the city, see steady growth in the market, and are well positioned to lead an eventual resurgence.

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ProREIT buys Halifax retail property

PRO Real Estate Investment Trust has added to its east coast portfolio with a binding agreement to purchase an $8.2 million retail site in Halifax. The property, at 165 Chain Lake Drive, is fully leased to a single national retail tenant on a long-term lease. Closing is expected prior to month end. The purchase price represents a going-in capitalization rate of seven per cent, rising to 7.6 per cent in 2018.

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Six months ago: BTB aims to make more noise selling, acquiring

Look to see more announcements from BTB REIT in 2017. The Montreal-based trust had a quiet 2016, focusing on internal housekeeping such as reducing its debt level and efforts to shave its borrowing costs.

Property Biz Canada

One year ago: RioCan REIT’s big city bet still paying off

Edward Sonshine still remembers the moment that changed the fate of Canada’s largest REIT. It was more than a decade ago that the RioCan chief executive was reading a Statistics Canada report.

Property Biz Canada

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