Sign Up | Archives August 18, 2015
GTA apartment market summary: Q2 2015
RealNet Canada Inc. announced 2015 second quarter results for the Greater Toronto Area commercial real estate and land investment markets. After a sluggish opening three months, the second quarter rebounded convincingly to reach its fifth best quarter of all-time in dollar volume, totaling $3.6 billion.
Canada's 3rd-largest multi-family REIT forms
Northern Property Real Estate Investment Trust and True North Apartment Real Estate Investment Trust announced the creation of Canada’s third-largest publicly-traded multi-family REIT.
Apartment managers prioritize leasing skills
New survey results reveal that credentialed residential property managers have some key diverging priorities from their peers in the commercial sector, despite the many similarities in their job functions.
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Starlight U.S. to purchase Atlanta property
Starlight U.S. Multi-Family (No. 1) Core Fund and Starlight U.S. Multi-Family (No. 3) Core Fund announced that they have entered into an agreement to acquire Sorelle, a 401-unit, mid-rise, Class “A”, apartment complex, located in a rapidly growing area in north Atlanta, Georgia.
Building permit values rose 14.8 per cent in June
The total value of building permits rose 14.8 per cent in June to $7.7 billion, following a 13.9 per cent drop in May.
Quebec launches mass timber building guide
The Government of Québec announced the publication of a technical guide entitled Bâtiments de construction massive en bois d’au plus 12 étages (“Construction of Mass Timber Buildings Up to 12 Storeys”).
CPPIB student housing arm expands in U.K.
CPPIB Liberty Living Inc. announced that it has acquired a portfolio of five student accommodation residences with a total of 2,153 beds in five major university cities from Student Castle for a consideration of 330 million British Pounds.
Power Vac
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Effectively managing rental vacancies
Regardless of the company’s overarching strategy—whether it’s carrying a bit of vacancy to capture a higher average rental rate or keeping a building as full as possible to manage to a low vacancy level—there are four conditions surrounding vacancy that need to be effectively managed. Read More »
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