Immo Leads Purchase of Montreal Apartment Portfolio

Immo Leads Purchase of Montreal Apartment Portfolio
News| June 25, 2026| Monte Stewart
Canada + Apartment Buildings

A group headed by Immo Alliances has acquired a Montreal 25-building apartment portfolio, says a published report.

The portfolio in Montreal’s Notre-Dame-de-Grâce neighbourhood spans 25 buildings containing 248 units, along with two redevelopment sites folloing a fire at 2012-2022 Westmore Avenue, according to the report, which states that the group bought the properties from family-owned Lacopar. The buyers include include Developlex, OREA Real Estate Holding and Jean Sebastien Bergeron Gagne, according to the report.

Immo confirmed its purchase in the report with Denis Gallico, the firm’s acquisition and real estate development strategist, telling his interviewer that the company wanted to balance its portfolio with relatively large units generating reasonable rents.

The portfolio was 98% leased as of October 2025 and includes a combination of one-, two- and three-bedroom units along with studios and bachelor suites in buildings located on Patricia and Westmore avenues, 7375 Sherbooke St., and 7320 Harley Ave. And, plans call for the development of about 50 unites at the fire-damaged sites, according to the report.

Pictured: Montreal

Shutterstock

Other News

JLL Arranges Financing for Lightstone Acquisition on Upper West Side

New York & Tri-State + Apartment Buildings

JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...

Learn more

National City Investment Group Commences Workforce Housing Build

California & West + Apartment Buildings

The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...

Learn more

Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets

California & West + Apartment Buildings

 Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up