BGO has marked its entry into the North American student housing sector by acquiring a two-tower complex in Edmonton, Canada. The Eleanor and Laurent towers provide a mix of 493 student beds and 272 residential apartments, including 68 affordable units. Located in the Garneau district near the University of Alberta, the fully leased assets represent a significant expansion for BGO’s residential platform.
CAPREIT has confirmed the acquisition of six new rental properties across Canada, totalling nearly $293 million in investment. The deal includes major residential complexes in Quebec, Saskatchewan, and British Columbia, aimed at modernising the firm's portfolio. Alongside these purchases, the trust has committed $94 million to share buybacks as part of its ongoing capital strategy.
H&R REIT has entered agreements to sell retail and office properties across Canada and the United States in transactions totalling $1.5 billion. The sales, which align with the trust’s ongoing simplification strategy, will see proceeds directed toward reducing debt and shifting the portfolio further toward residential and industrial assets.
First Capital REIT has secured overwhelming unitholder approval for its internal reorganisation plan, with more than 99% support at a special meeting in Toronto. The proposal now moves to a court hearing scheduled for 27 November, with the REIT expecting the arrangement to take effect by the end of the month, subject to final approval.
JLL’s Hotels & Hospitality Group has hired Louis Barruel as Senior Vice President in its Hotels’ Asset Management division. Mr. Barruel will work from the Montreal office, focusing on client service delivery and growing the firm's portfolio throughout Canada. Mr. Barruel reports to Executive Vice President Katie Krieger, who noted his comprehensive Canadian market knowledge and deep sector understanding make him an invaluable addition.
Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has announced a deal to internalise the management rights of Vital Healthcare Property Trust (‘Vital’). The conditional agreement is valued at NZ$214 million (approximately $170 million), which Northwest will receive in cash. The transaction aligns with Northwest's strategy to simplify its business and reallocate capital back to North America. Vital will fund the purchase through a capital raise launched concurrently with the announcement.
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