Purpose-built rental activity drives Alberta multi-family market

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Alberta’s multi\u002Dfamily market is seeing record investment for purpose\u002Dbuilt rentals, according to data from an international commercial realty firm.

JLL released its fall outlook recently finding that Alberta saw more than $1 billion of investment in commercial real estate in the second quarter. About a third — $344 million — was in the multi-family segment.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The activity in the second quarter exceeded that of the first three months of year when four transactions took place worth about $50 million.

 

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