Colliers Announces the Sale of One of Metro Vancouver’s Largest Multifamily Investment Assets

Casey Weeks and Morgan Iannone of Colliers International are pleased to announce the successful completion of the Surrey Gardens Apartment Portfolio, 5.9 acres, 3 apartment buildings with 223 residential suites and 11,000 SF retail strip centre.

Transaction Highlights

Colliers International ran a competitive bid process that achieved 10 bona fide offers from local private Investors, foreign investors and REITS within one month. The winning bid negotiated by the listing team was unconditional.

Results

This transaction represents an acquisition of a 100% freehold interest in one of Metro Vancouver’s largest multifamily transactions ever in Surrey. This is also the first time the property has been on the market since constructed in 1973.

For More Information, Please Contact:

Casey Weeks

Executive Vice President - Investment | Personal Real Estate Corporation

Vancouver

Call now +1 604 661 0811

Call Mobile +1 604 318 6892

Casey Weeks specializes in Investment Sales in Greater Vancouver with an emphasis on land and investment properties.

Casey has sold over $1.4 Billion worth of assets, including multi-family, land, retail, office, industrial, and hotel assets, many of which were large scale and complex. His achievements are a result of his acute understanding of the transaction process, strong relationships with industry professionals, keen understanding of the Greater Vancouver market as well as undivided dedication to client goals and success.

Casey’s refined marketing platform has proven consistently successful in exceeding client's disposition objectives. Clients include private equity, institutional investors, developers, local and offshore investors/developers.

Born and raised in Vancouver, Casey attended Simon Fraser University where he obtained a Bachelor of Arts (1997) with a major in Political Science.

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Morgan Iannone

Senior Vice President | Investment | Personal Real Estate Corporation

Vancouver

Call now +1 604 662 2654

Call Mobile +1 604 562 0568

Morgan Iannone is one of the top revenue producing Commercial Real Estate Brokers across Metro Vancouver, he is responsible for the origination and execution of investment sales transactions that span a variety of asset classes, including development land, multi-family properties, office and retail investment assets. He prides himself on having the ability to see the long term picture when it comes to the potential future value of an investment asset or development site, working with his clients to maximize the value of the opportunity. He is able to consistently exceed client expectations by utilizing a proven marketing platform and completing complex transactions with tremendous success.

Morgan came to Colliers International from a sales background in the real estate industry. He has built strong relationships with a large number of local and international developers/investors over the last decade and has been successful in leveraging these relationships to find the right buyers for his clients' assets.

Morgan and his team have facilitated the sale of over 1.3 Billion Dollars in Assets over a range of asset classes, including mulit-family, land, retail, office, industrial, and hotel assets, many of which were large scale and complex.

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