Hazelview Investments has completed a $150-million first close of its Hazelview Canadian Multi-Residential Fund VI, securing equity commitments from Canadian institutional and private investors for a value-add rental-housing investment strategy focused on supply-constrained markets.

The closed-end fund will target purpose-built rental properties in Ontario, Alberta, Quebec and Nova Scotia, with a seven-year investment horizon. Hazelview said the fund will pursue acquisitions and improvements to multi-family assets through its integrated investment, development and property- operations platform. A second closing is planned for mid-2027.

“Hazelview’s edge is our ability to create value across the full investment lifecycle,” said Michael Tsourounis, Hazelview’s co-CEO and chief investment officer for private real estate. “Our integrated platform spanning investment management, development, and property operations gives us the control, insight, and execution capability to create value at every stage of ownership, not just manage it. In a market like this, that advantage matters.”

The company said persistent supply-demand imbalances continue to support demand for rental housing in Canada’s major urban markets.

“This first close reflects the trust that leading investors place in Hazelview as a long-term partner in multi-residential real estate,” said Ali Katz, managing partner and head of capital partnerships at Hazelview.

Toronto-based Hazelview manages more than $11 billion in assets and has invested in Canadian real estate since 1999.

Pictured: Pictured: Hazelview and Sierra’s future apartment building in Toronto’s Leaside neighbourhood.

Rendering: Courtesy of Hazelview