A day after expanding its Ottawa holdings with a multi-family portfolio in Brittania, InterRent Real Estate Trust announced Thursday it has acquired a 280-suite high-rise in Montreal.
The deal is worth $32.4 million and is expected to be completed by mid-March.
With the acquisition, InterRent now has 781 suites in Montreal.
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“This is an ideal acquisition for InterRent as it allows us to grow in the Montreal market while leveraging our knowledge, experience and branding from our existing Côte St-Luc operational team and properties,” CEO Mike McGahan said in a statement, adding the REIT will continue to look for growth opportunites in the Montreal market.
