Concert Properties Diversifies Investment Fund, Answering “Critical Need” For Housing

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 74%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Canadian real estate corporation Concert Properties kicked off 2023 with a rebrand, unveiling a new name for its investment arm.

that CREC Commercial Fund will continue operations as Concert Income Properties to better reflect its diversification into the multi-family rental space.

Andrew Tong, chief investment officer for Concert Properties and managing director for Concert Income Properties, tells STOREYS that multi-family was an intended focus for the Fund.“When Concert first established CREC Commercial Fund in October 2016, pension fund and institutional investors and their advisors had an interest in investing in both commercial and multi-family asset classes,” he says.

Although Tong can’t presently speak to acquisitions in the pipeline, he says Concert Income Properties will pursue high-rise, purpose-built rental developments and re-development opportunities on under-utilized sites in BC and Ontario where the Fund already has a strong presence, while bearing in mind the complexities of today’s market.

“With all property acquisitions considered within the context of an uncertain market, the challenge is to sift through the extensive opportunities we are finding,” he says. “Additionally, we must ensure that we have properly underwritten and forecasted the opportunity against all leasing, operating, and financing assumptions.”

Concert Income Properties is an open-ended, limited partnership Canadian fund maximizing long-term value for investors by investing in, and actively managing, real estate in Canada. The assets in the Fund’s portfolio are managed by Concert Realty Services.Zakiya is a staff writer with STOREYS. She has reported on real estate for Post City Magazines, Apartment Therapy, and Curbed. She also writes a quarterly series for a Canadian design publication.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 16. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Find out which companies got money from Ontario's pandemic tourism recovery fund | CBC NewsAirlines, breweries and movie theatre chains were among the biggest recipients of $100 million in Ontario taxpayer funding designed to compensate the tourism industry for pandemic losses, CBC News has learned. 🙄🤨 Really? Because the first thing I want to do when I go on vacation is to watch a movie? And airlines? They money from the feds that was meant for cancelled tickets that instead went to shareholders wasn't enough? onpoli breweries, really?!? I was under the impression that people drank 4 times the usual during the lockdowns!! LOL! I’m against corporate welfare, but tbh this is more like restitution for damages
مصدر: CBCNews - 🏆 2. / 99 اقرأ أكثر »