Peakhill Capital has introduced a new multi-family REIT trust aimed at building a portfolio of rental-apartment properties in the Greater Toronto Area and nearby markets.
Operating as Peakhill Opportunity REIT, or P-REIT, the vehicle is structured to assemble a diversified multi-family portfolio supported by an adaptable investment strategy and Peakhill Capital’s experience across different market conditions.
P-REIT will begin by concentrating on the GTA, Southwestern Ontario and select adjacent markets, pursuing both stabilized properties and assets with upside potential in strong rental locations. Over time, the strategy calls for expansion into other parts of the country that have seen limited institutional investment, including Quebec, Eastern Canada and the Prairie provinces.
“As long-term rental demand continues to grow in the face of a constrained housing supply, this is a great moment to begin building up an asset base,” said Cory Capland, president of P-REIT. “Peakhill Capital has built one of Canada’s leading real estate lending platforms—and now, we’re bringing that same discipline and rigor to the launch of the Peakhill Opportunity REIT.”
Rather than following a conventional REIT structure, P-REIT will employ an open investment model that supports sole ownership, partnerships with institutional and family-office investors, and structured positions such as preferred equity and mezzanine financing. The model is designed to broaden the REIT’s exposure across locations, asset classes and risk levels.
P-REIT is backed by Peakhill Capital’s broader operating platform, which encompasses more than 175 professionals across North America, oversees in excess of $13 billion in assets under administration, and brings established expertise in both real estate equity and lending.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California