Greyspring Apartments continues to expand in the Montreal market with the recent acquisition of an 11-storey, 180-unit apartment building. Located at 335 Deguire Blvd. the property is just down the road from two previously announced acquisitions, including a 412-unit rental community on de Choisy Street.

Referring to the latest purchase as a strategic move, Greyspring says the Dequire property increases the company’s presence in the borough of Saint Laurent to over 550 units while offering operating and execution efficiencies.

Meanwhile at the de Choisy Street property, a comprehensive value-add program is underway, including common area and suite improvements along with building efficiency enhancements.

“We are very pleased to add this acquisition to our growing Canadian portfolio, particularly in Montreal which has recently seen substantial economic growth,” said Karl Brady, President, Greyspring Apartments. “This central location provides residents with convenient transit options and numerous amenities. We are excited to implement our value-add program to enhance the resident experience.”

The Saint-Léonard neighbourhood offers residents easy access to established transit, retail, academic institutions, hospitals and other essential services close to major highways and thoroughfares.

Greyspring describes itself as a “rapidly growing asset management firm that acquires, strategically repositions and manages multifamily assets in growing and stable markets within Canada.” With an expanding portfolio of more than 2,000 units and over $395 million in assets under management, Greyspring is an investment and asset management firm jointly owned by Greybrook Realty Partners and Marlin Spring.

Visit www.greyspring.com for more info.