Alberta Multifamily Portfolio

4619 - 199 Street, Edmonton

14 Buildings, 1146 Suites in Edmonton, St. Albert, Spruce Grove, Beaumont, and Edson

For Sale
Building Areas : 1.84 Acres to 5.47 Acres

Alberta Multifamily Portfolio

Description

The flagship asset, consisting of 503 units, and vacant land to build 100 units, is located right off of Anthony Henday Drive in Edmonton. St. Albert and Spruce Grove, two of the strongest performing bedroom communities around Edmonton are home to 400 units. Beaumont, one of the fastest growing communities in Canada with a recent annexation of Leduc County land, includes 169 units. The remaining 79 units are located in Edson, primarily a resource based town (eg. Coal, oil, natural gas and forestry products). All units have been constructed post-2012 and suite mixes consist of one, two and three bedrooms. Most buildings have underground parking and each suite has at least 5 appliances (most have 6). All units have a walk-out patio or balcony. Anderson Builders, the builder, has significant experience in the development of multi-family projects.

Market Housing:
Village At The Hamptons - http://www.collierscanada.com/21502
Building 55 - http://www.collierscanada.com/21503
Spruce Heights - http://www.collierscanada.com/21513
Eaglemont Manor - http://www.collierscanada.com/21504
Big Lake Pointe- Building 10 - http://www.collierscanada.com/21516
Westwood Apartments - http://www.collierscanada.com/21509

Non-Market Housing:
Big Lake Pointe- Building 12 - http://www.collierscanada.com/21629
Westgrove Manor - http://www.collierscanada.com/21512
Paragon Apartments - http://www.collierscanada.com/21511
Montrose Manor - http://www.collierscanada.com/21507

Features

  • Ability to build immediate critical mass in Alberta with brand new construction portfolio
  • Currently managed internally, allowing simple and efficient transfer of units into existing management arm
  • Vacant land at Village at the Hamptons to build 100 units
  • Massive upside on yield when incentives are washed out and rents go back to normal levels
  • Opportunity to add more debt to under-levered Portfolio (roughly $126M of debt)
  • Portfolio characteristics that cater to Edmonton and area tenant profile looking for quality, amenity rich and well located renting options

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