Fiera Real Estate’s CORE Fund Expands with Acquisition in Calgary’s Vibrant Marda Loop Neighbourhood

Fiera Real Estate’s CORE Fund (“CORE Fund”) has recently closed on a newly developed multi-family residential rental property in Calgary’s highly sought-after Marda Loop neighbourhood, adding another premium asset to its growing and diverse 113 property portfolio. This six-storey asset, which meets the needs of the market, comprises 123 rental units with a mix of one-, two-, and three-bedroom apartments, along with live-work units and a single ground-floor retail space. Each unit offers modern features, including in-suite laundry and air conditioning, providing residents with elevated comfort and convenience.

Marda Loop is a bustling community with a variety of local shops, restaurants, and services, making it a prime location for residents seeking a vibrant urban experience. With excellent transit options and convenient access to major highways, the property is well-positioned for commuter accessibility, adding significant appeal for tenants in this growing area.

“This acquisition represents a valuable addition to the CORE Fund’s $4.6B portfolio,” said William Secnik, Senior Managing Director and Fund Manager for the CORE Fund. “Not only does it position us in a thriving neighbourhood with strong demand and growth potential, but it also aligns with our long-term strategy to invest in high-quality assets in targeted Canadian markets generating solid and growing income with capital appreciation potential. We’re excited about what this property brings to our investors and look forward to continued growth in Calgary and the wider positive attributes of Alberta, particularly as the market benefits from migration.”

As Fiera Real Estate continues to expand its CORE Fund holdings in key urban centers, this property acquisition highlights the Fund’s strategic commitment to sustainable, high-quality growth in the Canadian real estate market.