{"id":400296,"date":"2020-12-15T13:41:40","date_gmt":"2020-12-15T18:41:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400296"},"modified":"2020-12-15T13:41:40","modified_gmt":"2020-12-15T18:41:40","slug":"greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/","title":{"rendered":"Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Dec.  15, 2020  (GLOBE NEWSWIRE) &#8212; Greyspring Apartments announced today the acquisition of a 13-storey, 105-unit rental apartment building located at 1951 Maisonneuve Boulevard East in Montreal, Qu\u00e9bec. Greyspring Apartments will oversee the execution of a comprehensive value-add program, which will include common area and suite improvements, the creation of a rooftop amenity space, and building efficiency enhancements.<\/p>\n<p align=\"justify\">Located in Ville-Marie, just east of Montreal\u2019s downtown core, the property features unobstructed views of the downtown and benefits from an exceptional transit-oriented location. The building is conveniently located across from the Papineau metro station and adjacent to the Jacques-Cartier Bridge, providing residents with easy access to the Soci\u00e9t\u00e9 de transport de Montr\u00e9al transit. The area is highly walkable, a short distance from the St. Lawrence River, Parc des Faubourgs, Parc des Royaux and La Fontaine Park, and is poised for significant growth with a number of transformative mixed-use developments planned nearby.<\/p>\n<p align=\"justify\">The property has a mix of studios, one-bedroom and two-bedroom units with two ground floor commercial units and four levels of underground parking. The asset will form part of Greyspring\u2019s growing apartment portfolio and expand Greyspring\u2019s Canadian portfolio to over 1,600 units across Quebec and Ontario.\u00a0<\/p>\n<p align=\"justify\">\u201cWe are very pleased to have closed on this acquisition in Montreal &#8211; a core market for Greyspring that strengthens our presence in the city,\u201d said Karl Brady, President, Greyspring Apartments. \u201cThis property presents another great opportunity for us to execute our value-add program, improve the overall quality of the asset, and create additional economies of scale across our portfolio in Montreal.\u201d\u00a0<\/p>\n<p>\n        <strong>About Greyspring Apartments<\/strong>\n      <\/p>\n<p align=\"justify\">Greyspring is a rapidly growing asset management firm that acquires, strategically repositions and manages multifamily assets in growing and stable markets within Canada. With an expanding portfolio of more than 2,000 units and over CAD$395 million in assets under management, Greyspring is focused on effectively implementing value-add programs that improve the quality of its rental communities and provide an enhanced living experience for its tenants. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xDjyD9Cr0VXfzuuhtZe8EvhV9ae8cD-nq_uV4sxsU7g0mjKAK6LWuELUV5kSWR5bPr24zJRjUVP7Z3dTapXwUlcxG_VfHWEYx0Tvhmdt7mQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.greyspring.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>For further information regarding Greyspring Apartments<\/strong>:<\/p>\n<p>Karl Brady, President<br \/>E:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l1qC99D8w-ejlsYduxGFQJ7Qi5fd3iY-6741lYen8kl-gdYg6ZJwI4bL2N6hXIlhuLSIkeeYjcKrtMbr1AjAyWgnDrY2bdxB8DaKeFSMhjDXPnYSfmXkffGJUrGZIFO7pp6X_l2cvdcIVAXvUWTmf4b4vep-x88jGYRmNeTGCEoBJgQJMKu-CH3ZUXQ1aR9ZjnojGR51akzlTwyYlSwKCDQfGr70Y3gQ0_TtUzAIN5B1C0EAZIptQEPl7wgQaJ1hBvvPLOf04IAcdJxTG1imHiyFmGBCJIPsj7X54zDkIW9J_dd9DUOUJTA__cfBTZB9TwH4N_09d8ijI9Q5RL2TQhISScrEjuqIcA33rCWmHnxm8kFllL_jU6KPw-PA6b-ht3lT3v9Ciu2UEAldYA6j5ZJCTQA76eAlzdnLaVr5J75boKiLXOoSfcuYtU4zeWTEUTzlhmGyA1a1zgo4ktA0vWvJ6sWaeKzmeOta69P-3sv8-J22s2ZJsd1efSxKtZazVa4ymX5mufgZYIq30IDzikxpJjMKr4SFWHDGX1pE9OOA1uFi-iYmoKo2ecSsPX7uWziJeK3TQfLnYzNF3X8vgYG3mmrWSQ8_9JIljAWefA_kaSY77kdLGFB_hjQ3-6hHKGWIZKbkAQWIWj_8Uy2x8g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">karl.brady@greyspring.com<\/a><br \/>T:\u00a0 647.691.9550 x 543<\/p>\n<p>Follow Greyspring on LinkedIn:\u00a0 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AKsPrNqaPRZXJwEipht6e7TOCuHMTVgm27jXKHpL6gUhJapQqo_X1OQNwIMFfhPcRgwffT32Rb1Vyx1QUDJ2uE4IyqnU_wkeYpoKhaMsTKw2UW1FJOs2ePxQfuyJ4LongLCw1uVa0vV2fh3g18gyJu6csKR8fAAL52BCejuMTo2FxsmWl3bjFhGF8RXN9-KemvgHIfkepZROr35IR1buoVYXV3uuxYZBrk6hfVGC5hRgNQMDAqnq5PCVWU6Lnk-uI-mp34TjnRtoDCT7wIyl1bMsvd2-_ANMGaEhl7ePDOKUMq8XV1hCopN3GBDabw1VfjES4hP7Xr8RGeDuLK4cW5NeqHSRaYRSNtuMMyXK-VLyNKCvkk9_MHjOJuQfu7ylwKusr3axLv84_W9hYGpm2U890gIgSPVkczTMeVRHgjd4fRMbejJLQG-LZ0X-WugT4n78flcc6bIQjkL0JyZIUccF5XM5yHjWSjsHCUWHveWhDh7erE1BUVT6UOMf_4Af5XVv5WQlBHZZ4G0UbwkrnQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uJ_uISNUnpEYuL3uJtuJpzLL5CVKb3g_cvMcmwC9F_M-vQoIBrCBsLCrZXNncmFvwz2rkFD42j1_C0rr3igQoSpPjsql-BPr3faBleIaugfHYMI0R4Kc_RQkZVauc70IF1460unpkqkRvesZq1vhQV6v1WMlczUWE_eqB-F4UCllx2mmG_llWXeDhg9xjeqx-pftfff46s1e-sAsLYNBfaeqylS8x50RBHQmR-KXNLByp0l7lpO5KbBt8eG7857O6HtBoytFkyWk94W77NodUZyezh-GlsgS-BbQup-DttQAcTX23Y2T_6nFlLbb9Laf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/greyspring-apartments<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjcyOCMzODgyODUzIzIwMjc2MDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f3f73f0f-40ee-4ff3-b03e-fbeb8384fa13\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; Greyspring Apartments announced today the acquisition of a 13-storey, 105-unit rental apartment building located at 1951 Maisonneuve Boulevard East in Montreal, Qu\u00e9bec. Greyspring Apartments will oversee the execution of a comprehensive value-add program, which will include common area and suite improvements, the creation of a rooftop amenity space, and building efficiency enhancements. Located in Ville-Marie, just east of Montreal\u2019s downtown core, the property features unobstructed views of the downtown and benefits from an exceptional transit-oriented location. The building is conveniently located across from the Papineau metro station and adjacent to the Jacques-Cartier Bridge, providing residents with easy access to the Soci\u00e9t\u00e9 de transport de Montr\u00e9al transit. The area is highly walkable, a short &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400296","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; Greyspring Apartments announced today the acquisition of a 13-storey, 105-unit rental apartment building located at 1951 Maisonneuve Boulevard East in Montreal, Qu\u00e9bec. Greyspring Apartments will oversee the execution of a comprehensive value-add program, which will include common area and suite improvements, the creation of a rooftop amenity space, and building efficiency enhancements. Located in Ville-Marie, just east of Montreal\u2019s downtown core, the property features unobstructed views of the downtown and benefits from an exceptional transit-oriented location. The building is conveniently located across from the Papineau metro station and adjacent to the Jacques-Cartier Bridge, providing residents with easy access to the Soci\u00e9t\u00e9 de transport de Montr\u00e9al transit. 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Greyspring Apartments will oversee the execution of a comprehensive value-add program, which will include common area and suite improvements, the creation of a rooftop amenity space, and building efficiency enhancements. Located in Ville-Marie, just east of Montreal\u2019s downtown core, the property features unobstructed views of the downtown and benefits from an exceptional transit-oriented location. The building is conveniently located across from the Papineau metro station and adjacent to the Jacques-Cartier Bridge, providing residents with easy access to the Soci\u00e9t\u00e9 de transport de Montr\u00e9al transit. The area is highly walkable, a short &hellip; Continue reading \"Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-15T18:41:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjcyOCMzODgyODUzIzIwMjc2MDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal","datePublished":"2020-12-15T18:41:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/"},"wordCount":368,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjcyOCMzODgyODUzIzIwMjc2MDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/greyspring-apartments-announces-acquisition-of-a-105-unit-multi-family-asset-in-montreal\/","name":"Greyspring Apartments Announces Acquisition of a 105 Unit Multi-Family Asset in Montreal - 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