Lankin Apartment REIT has acquired a 258-unit multi-family residential in Ottawa for an undisclosed price.
The property is located at 1551 Lycee Place in the city’s Riverview neighbourhood.
The REIT is controlled by Lankin Investments, which said the acquisition reinforces the firm’s presence in the National Capital Region, a market that benefits from government-anchored employment and strong rental demand. The property aligns with the firm’s investment strategy of acquiring institutional-grade multi-family assets in selected Canadian markets, said Lankin..
Vaughan, Ont.-based Lankin Investments is a real estate investment firm focused on institutional-grade Canadian multi-family properties. The company has more than 15 years of experience acquiring, managing and operating rental communities across Canada. It manages a real estate portfolio valued at more than $2 billion, including over 6,200 multi-family units.
Pictured: Lankin’d
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