Industry E-News Update
September 15, 2011
New Property Asset Management Company Debuts
A new Canadian multi-family focused asset management company officially launch recently. Starlight, lead by President and CEO Daniel Drimmer, is aiming to be a premier provider of quality living to apartment renters across Canada. Starlight has already amassed a starting portfolio with multi-family properties as well as commercial properties. Click here to learn more about Starlight.
2011-2012 Housing Market Outlook
The 2011/2012 housing market outlook for Quebec was recently released by the Canada Mortgage and Housing Corporation (CMHC), forecasting the province’s housing and multi-family property market in the next two years. To find out more information about the 2011-2012 housing market outlook, click here.
Significant 57 Property Portfolio Acquisition for TransGlobe
The recent acquisition of a 57 property portfolio for TransGlobe Apartment REIT has been labeled the largest multi-residential transaction in 2011. The $740.4 million portfolio features properties across Canada, more specifically in Alberta, Ontario, Quebec and Nova Scotia. Click here to learn more about TransGlobe's acquisition.

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