CAPREIT and Mondev Complete $183M Transaction for New-Build Apartment Properties in Montreal

KRB acted as legal advisors to both CAPREIT and the seller, Mondev, in the acquisition of three new-build apartment properties in Montreal, valued at $183 million. This transaction represents a significant addition to CAPREIT’s residential portfolio, reflecting its ongoing commitment to providing high-quality housing across Canada.

The properties, located in prime markets, add over 350 residential units to CAPREIT’s offerings, strengthening its presence in Montreal’s growing housing market. Our team worked diligently alongside CAPREIT and Mondev to navigate the complexities of this multi-faceted transaction, ensuring a seamless and successful process.

This project highlights KRB’s depth of expertise in real estate transactions and our ability to deliver results in high-stakes, time-sensitive deals. A team composed of Cristina Darwish, Daniel Prudkov, and Jasmine Huard was proud to represent CAPREIT, while Diana Lyrintzis, Brianna Bertone, and Linda Crisafulli represented Mondev, collaborating to achieve the strategic objectives of both parties.

To learn more about this transaction, read the full article on RENX.