Value-add assets are commercial real estate’s ugly ducklings, typically entering portfolios as less-than-glamorous acquisitions, but with the potential to catch the mainstream current and make a splash for investors. Prominent Canadian asset managers recently recounted their experiences in repositioning underperforming properties, offering insight on turnaround logistics and the role value-add assets play in investment strategies.
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Announcing the inaugural REMI Summit
The one-day event will draw on globally-sourced presenters, well-vetted case studies, effective management strategies, and a host of game-changing new technologies to deliver critical insight into the real issues commercial building owners and facility managers face today. »READ MORE
IN CASE YOU MISSED IT: Big three retail landlords thrive on experience
Yorkdale Shopping Centre again takes the title of Canada’s most productive mall in the Retail Council of Canada’s annual analysis of shopping centres with more than 250,000 square feet of gross leasable area. Recently released results reveal Oxford Properties’ super-regional mall in northwest Toronto generated average sales of $1,964 per square foot in the 12 months ending June 30, 2019, equating to a 3.1 percent increase from the previous year’s level of sales. »READ MORE