DEAL | Institutional Property Advisors, a division of Marcus & Millichap, advised City Vibe Rentals and the Carlisle Group on the sale of Secord Crossing, a 232-suite multi-family development at 615 Secord Boulevard NW, in Edmonton. Recently completed and fully occupied but with upward momentum in rents, the property sold for $57.4 million at a cap rate of 5 per cent on Oct. 1. The price works out to $247,208 per suite.
PRICE | $57,352,300
FROM | Bradyn Arth, Institutional Property Advisors
