{"id":15398,"date":"2023-04-13T21:27:04","date_gmt":"2023-04-14T04:27:04","guid":{"rendered":"https:\/\/essential.construction\/news\/crestpoint-acquires-two-towers-in-brampton\/"},"modified":"2023-04-13T21:27:05","modified_gmt":"2023-04-14T04:27:05","slug":"crestpoint-acquires-two-towers-in-brampton","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/crestpoint-acquires-two-towers-in-brampton\/","title":{"rendered":"Crestpoint acquires two towers in Brampton"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>TORONTO \u2014 Crestpoint Real Estate Investments has announced the acquisition of a two-tower multi-family complex located at 2 and 4 Hanover Rd. in Brampton, Ont.<\/p>\n<p>In addition to the two existing towers, a release states, the property\u2019s 10 acre site can also support the development of an additional 400 units in the future.<\/p>\n<p>The property currently has two towers of 18 and 22 storeys, respectively, with a total of 605 units and 946 parking stalls. The mix of one-, two- and three-bedroom suites have a 97 per cent occupancy rate.<\/p>\n<p>Vestcor and Crestpoint, on behalf of the Crestpoint Core Plus Real Estate Strategy, split a 90 per cent interest in the property. InterRent REIT acquired the remaining 10 per cent and will provide property management services on behalf of the ownership group.<\/p>\n<p>The closing of the acquisition brings Crestpoint\u2019s total assets under management to approximately $9.9 billion and 36.5 million square feet.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2023\/04\/crestpoint-acquires-two-towers-in-brampton\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO \u2014 Crestpoint Real Estate Investments has announced the acquisition of a two-tower multi-family complex located at 2 and 4 &#8230; <a title=\"Crestpoint acquires two towers in Brampton\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/crestpoint-acquires-two-towers-in-brampton\/\" aria-label=\"Read more about Crestpoint acquires two towers in Brampton\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-15398","post","type-post","status-publish","format-standard","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/15398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=15398"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/15398\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=15398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=15398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=15398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}