764 units of multi-family rental portfolio in Calgary sells for $138 Million


Friday, March 18th, 2022

Avenue Living buys Calgary rental portfolio for $138 million

Western Investor Staff
Western Investor

Portfolio includes three properties with 764 rental units on a total of 28 acres

Shown: Woodlands Manor, Calgary. JLL Canada, Edmonton, for Western Investor

Property type: Multi-family rental portfolio

Locations:3805 Marlborough Drive NE,  2120 Southland Drive SW, and 1825 Woodview Drive SW Calgary, Alberta.

Number of units: 764

Size of land: 28 acres (total)

Sale price: $138 million

Date of sale; March 7, 2022

Buyer: Avenue Living Group, Calgary

Brokerage: JLL multi-family team, Edmonton

Brokers: Michael Betsalel and Samuel Dean with sales associates Hayley Buskas and Tyler Herder  

 

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