Fiera Real Estate CORE Fund Expands Calgary Footprint with Quarry Park Acquisition

Fiera Real Estate CORE Fund has successfully completed the acquisition of three newly developed multi-residential rental assets located in Calgary’s Quarry Park neighbourhood. This strategic addition to the portfolio reflects Fiera’s commitment to investing in high-quality, well-positioned assets across Canada.

The properties, built between 2022 and 2023, include three 13-storey concrete buildings offering a total of 333 rental units. The suite mix features 256 one bedroom and 77 two-bedroom apartments, each equipped with modern amenities designed to provide a comfortable, contemporary living experience for residents.

Quarry Park is a vibrant, master-planned community spanning over 400 acres in Calgary’s southeast quadrant. Situated along the picturesque Bow River, the neighbourhood offers a dynamic mix of residential, commercial, and recreational amenities. We believe residents will benefit from close proximity to corporate campuses, a grocery store, a fitness centre, the Quarry Park Public Library, and other conveniences, all within walking distance.

The acquisition aligns with the CORE Fund’s investment strategy, which targets well-located assets in key markets. Calgary’s multi-residential market continues to demonstrate strong fundamentals, supported by favourable demographic trends and economic drivers. Quarry Park’s appeal as a live-work-play community further enhances the long-term potential of this investment.