Globe Capital Management Announces Acquisition of New Quebec Property

Globe Capital Management is pleased to announce the acquisition of a 185-suite residential property at 239 Boulevard Deguire in Ville Saint-Laurent, Quebec.

The property was acquired for $47 million and represents another significant addition to Globe Capital Management’s growing portfolio in the Greater Montreal Area.

“While we are proudly headquartered in Winnipeg, we feel privileged to have opportunities in other provinces as well. This latest acquisition in Montreal, a market in which Globe has been active for more than two decades, brings our total footprint in that market to just under 2000 units” said Richard Morantz, President and CEO of Globe Capital Management. “Early next year, we are looking forward to commencing construction on a twelve-story high rise apartment building in the Beltline district of Calgary, just south of downtown. We are hopeful that, one day, governments at all levels in Manitoba will create conditions that will make it possible for us to invest in our home province again.”

The acquisition of 239 Boulevard Deguire reflects Globe Capital Management’s continued focus on acquiring and operating quality residential properties in strong Canadian markets.

Globe Capital Management extends its sincere appreciation to the brokers, legal teams, property management professionals, and all others involved in the transaction whose expertise and collaboration helped bring the acquisition to a successful and smooth close.