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.
OBJ360 (Sponsored)
![](https://assets.obj.ca/2024/06/Red-Rooster-5-300x169.jpg)
How Red Rooster Golf makes golf tournaments memorable
Maybe you know the feeling. You’re on a golfing trip with your buddies, kitted out in new golf gear, only to find yourself digging in the bottom of your bag
![uOttawa Faculty of Engineering](https://assets.obj.ca/2024/06/Engineering-20240624_114812_0000-300x169.jpg)
uOttawa’s Faculty of Engineering is filling skill gaps in the tech industry
University of Ottawa’s Faculty of Engineering has been preparing for this moment for years, proactively adapting its curriculum to meet the evolving demands of the technology sector and the Ottawa
“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.