TSX:MPCT.DB - Post by User
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InvestSmarteron Aug 06, 2024 7:35pm
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Post# 36166743
"Hines Interests" to invest 2B in Canada's Rental Housing
"Hines Interests" to invest 2B in Canada's Rental HousingNew Article. Hines is looking to spend 2B on PBR's in Canada - Perfect match for MPC's 49 Onario
https://www.theglobeandmail.com/business/article-us-property-giant-hines-has-2-billion-to-shop-for-housing-development/
Real estate giant Hines Interests LP is looking to invest up to $2-billion in Canada, and high on its shopping list is land for rental housing developments.
The Houston-headquartered firm, which owns and manages about 850 properties in 30 countries, views apartment building developments as a top investment in Canada given the country’s shortage of affordable homes. Its significant pool of capital will let it compete for deals at a time when the commercial
real estate sector is reeling from higher construction and borrowing costs...