ONTARIO, February 3, 2020 – In the most recent JLL multifamily report, a detailed overview of the 2019 multifamily rental and investment market, Equiton was among the top five most active buyers in the GTA. JLL is a leading professional services firm that specializes in real estate and investment management.
The Equiton Residential Investment Trust acquired 237 units in 2019.
These units were purchased in Markham, London, Burlington, Guelph and Mississauga. The Mississauga property, consisting of two, 7-storey buildings, totaling 155 units, was ranked in the top seven transactions by total value in 2019, with a purchase price of $47,200,000.
The acquisition of these properties further enhances Equiton’s presence in Ontario, further demonstrates its access to investment opportunities, and displays its ability to maximize investor unit value by accretive acquisitions.
Equiton is a private equity firm that specializes in providing private market real estate investments to Canadians. It is led by a senior team of industry veterans who have more than 100 years of combined real estate, investing and management experience. Collectively they have overseen the acquisition and management of over $10 billion in real estate, developed over 100 million square feet of real estate projects and overseen a combined portfolio of more than 10,000 apartments in Canada and the United States.
For more information see: https://www.equiton.com
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SOURCE : EQUITON