At Votre Equipe Immobilier, we firmly believe in the enormous potential of the commercial real estate market. We maintain that opportunities abound for both buyers and sellers, even amidst the ever-changing dynamics of the market landscape. A clear manifestation of this viewpoint is the recent strategic acquisitions by Greyspring Apartments, a Toronto-based company, which has been tenaciously growing its portfolio in the Greater Montreal market.

Over the past couple of months, Greyspring has added two properties with a total of 553 apartments to their portfolio. The properties are two 14-story concrete buildings situated at 135, and 145-155 Deguire Blvd. in the Montreal borough of Saint-Laurent. The purchase of these buildings, consisting of 393 residential units and a ground-floor commercial space of 5,361 sf, totaled a significant investment of $68.9 M, with individual prices being $34.32 M and $34.58 M respectively.

Such hefty investments underscore the vibrancy and robustness of the Montreal market, highlighting its continued attractiveness for institutional investors. Because of its strong economic fundamentals, high occupancy rates, and promising growth prospects the city has been identified as a significant hub for real estate investments. This makes Montreal a prime location for firms like Greyspring Apartments.

Additionally, Greyspring acquired 2000 Rue Saint Marc, a 21-story apartment building located in downtown Montreal for $29.25 M. This building, composed of 160 units, is strategically situated in the Shaughnessy Village, in close proximity to other Greyspring properties, allowing the company to leverage economies of scale.

Following these acquisitions, Greyspring plans to implement a comprehensive value-add program to improve common areas, suite amenities, and building efficiencies.

Established in 2020, Greyspring is a partnership between Greybrook Realty Partners and Marlin Spring. The firm started with a seed portfolio of about 2,000 apartments, valued at $395 M, and made its debut under the new branding in January 2021. Its CEO, Karl Brady, identified Montreal as a key market for the company, a vision that continues to take shape with several more properties being added to their portfolio and is a great sign for real estate investors.

These moves by institutional actors and high level money players highlight the wealth of opportunities within the commercial real estate market. Whether you’re a commercial real estate investor or a professional looking to expand your investment horizon, Votre Équipe Immobilier stands ready to assist. With our exceptional wealth of experience, meticulous attention to detail, and exclusive network of investors, we can guide you through the market and find your ideal property.

Remember, regardless of market conditions, opportunities for buyers and sellers are there to be found. Contact us today for a consultation and let us assist you in making informed real estate decisions. The future is brighter with Votre Equipe Immobilier!