Mr. Richard Morantz, President and CEO of Globe Capital Management, is pleased to announce the company’s most recent acquisition of the L’Estérel apartments in Pointe-Claire, Quebec. L’Estérel is a three-building 220-unit complex constructed 2002. The price paid was $65.5 million.
Pointe-Claire, a borough of Montréal, has a diverse and growing economy and many community amenities including shopping and green space, as well as a new stop on the REM train line, which provides access to downtown Montréal in a matter of minutes for commuters and others.
Mr. Morantz remarked ”We’re very pleased to have been provided with the opportunity to acquire such a well located and well-maintained property that will fit seamlessly into our portfolio. We would like to thank all the people who helped us bring this deal together and look forward to serving the residents at the property going forward."
Proudly headquartered in Winnipeg, Globe Capital Management has a portfolio of over 8,000 apartment units across Canada with a market value exceeding $2 billion.