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Killam Properties Inc Announces $29 Million In Acquisitions In Ottawa And Halifax

Tuesday, 5 Feb 2013 03:45pm EST 

Killam Properties Inc announced that it has completed the acquisition of 1090 Kristin Way, a 102-unit apartment building in Ottawa, Ontario. The eight-storey concrete building is centrally located and adjacent Killam's 621 Cummings Avenue property in the city's East End. The building includes 7 bachelor units, 23 one-bedroom units and 72 two-bedroom units, and has an average rental rate of $817 per month. The purchase price of $10.35 million ($101,500 per suite) was satisfied with cash. The capitalization rate on the acquisition is 5.8%. 

Company Quote

0.03 +0.29%
24 Dec 2014