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Greyspring Expands Montreal Apartment Portfolio

Greyspring Apartments has expanded its Montreal portfolio through two recent acquisitions.

In the latest deal, Greystone announced the purchase of 355 Deguire Boulevard in the cityโ€™s Saint-Laurent borough. The 11-storey concrete structure contains 180 residential units.

The property is located near two other Greystone apartment complexes on Deguire Boulevard. With the acquisition, said Greystone, the company now has about 550 multi-family units in Saint Laurent.

The seller and financial terms were not disclosed.

Greyspring has also acquired a 10-building apartment complex in the Saint-Leonard neighbour. The property is located at the intersection of Belanger Street and Lacordaire Boulevard. It contains 412 units and encompasses 257,523 square feet.

Greyspring said it will launch a comprehensive value-add program that includes common-area, suite and building-efficiency improvements.


Inside The Story

Greyspring ApartmentsMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
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