Fiera Real Estate CORE Fund acquires a new asset
The CORE Fund and its partner, Canahahns Company Limited, have recently closed on a multi-residential apartment located in Mississauga, Ontario. The property is located in the Port Credit neighbourhood with close proximity to the GO Station. The building contains 82 total suites with in-place rents that are well below market.
There is an opportunity to improve the site by injecting capital along with active management through suite renovations. This acquisition provides the CORE Fund with its first exposure to the GTA multi-residential rental market.