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Hundreds of millions in commercial real estate deals, despite pandemic

1. 945 Reunion Ave., Langford Price: $60 million Improvements: 156 unit multi-family apartment building Vendor: Ledcor Property Investments, Vancouver Purchaser: Killam Apartment REIT, Halifax The Crossing At Belmont is the rental component of Belmont Market, a 160,000-square-foot outdoor shopping centre with anchor Thrifty Foods. The rental units have condo-like amenities and there is a rent-to-own program for tenants to save down payments to purchase across the street at the Belmont Residences strata building. 2. 2861 Craigowan Rd., View Royal Price: $54 million Improvements: 161 units Purchaser: Killam REIT, Halifax The Christie Point Apartments is a unique property on its own peninsula in Portage Inlet The waterfront property has a ­variety of low-density ­buildings originally constructed in the 1960s. Improvements call for five two-storey apartment ­buildings and four two-storey townhouse buildings.

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Ontario
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