AKELIUS SELLING 13 BUILDING PORTFOLIO OF GTA APARTMENTS
Akelius selling 13-building portfolio of GTA apartments Steve McLean Residential Apr. 29, 2019 This apartment building at 74 Curlew Dr., in Toronto is among 13 assets being sold by Akelius. (Courtesy JLL) Akelius Canada has put 13 apartment buildings, with a combined 664 units, up for sale in the Greater Toronto Area. “Many of these assets are peripheral to their core portfolio and were acquired in conjunction with other properties,” said JLL Capital Markets multi-family investment executive vice-president and national team lead Michael Betsalel, who’s responsible for the sale. “They’re selling some of the stuff in their portfolio that doesn’t necessarily fit their long-term strategy.” Betsalel stressed Akelius is still committed to owning, managing and acquiring rental properties in Toronto. Akelius declined to comment on the properties until after any transactions occur. The apartment buildings range in size from 20 to 122 uni...