Calgary-based Strategic Group continues to expand its Atlantic residential rental portfolio. In early 2015, the privately-held real estate company announced that it had acquired the debt of the Atlantic Living Group of Companies. Strategic Group has now acquired a portion of real estate underlying its previously acquired debt, and has ownership of 1,361 units in 66 buildings.

“For Strategic Group, greater expansion into Atlantic Canada makes good business sense as it is a market with stable and sustainable growth,” explains CEO Riaz Mamdani. “With a skilled work force, the expansion of key industries and excellent transportation infrastructure, the economy in the region is only going to continue to see gains. Communities are going to continue to grow as will the need for rental housing in these markets.”

The Nova Scotia holdings include properties in Dartmouth, Glace Bay, Halifax, Kentville, Truro and Windsor. The New Brunswick portfolio consists of buildings in both Saint John and Fredericton.

Strategic Group anticipates further portfolio acquisitions in Atlantic Canada in the latter half of 2015.