Price: Undisclosed / Market Price
No. of Units: 382
Property Type: Multi-family
City: Edmonton & Red Deer
Province: Alberta
Date of Sale: 12/15/16
Name of Brokerage: CBRE Edmonton
Name of Buyer: Minto Group
A portfolio of 11 apartment buildings has sold to The Minto Group for an undisclosed amount by The National Apartment Group of CBRE Limited. CBRE represented the buyer.
The portfolio includes several high-rise and wood frame apartments in Edmonton and Red Deer, with a total of 382 units transacted among them. The portfolio was held privately for 60 years before trading to institutional investor Minto Group. CBRE reports the apartments sold for market price.
The buildings in the portfolio are: York House, Lancaster House, Hi-Level House, Gloucester House, Mercury Apartments, Randlett House in Edmonton and Pembroke House, Exeter Court, Lincoln House, Park Royal Manor, Valleyview Manor in Red Deer.
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