Crestpoint Real Estate Investments is off to a robust start in 2014, with the announcement they have doubled the size of their portfolio (to $600M) with the acquisition of five commercial properties in Toronto, Montreal, and Vancouver. (Their travel expense bill just shot up.)
Company president and CIO Kevin Leon says one of the assets—the 644k SF Steeles Tech office complex in Northeast Toronto, which is 98% occupied—is one of the “best suburban office developments in the country,” with 20 acres available for future development, easy access to public transit and highways and a strong tenant roster. Crestpoint is part of the Connor, Clark & Lunn Financial Group, an international company managing $46B in real estate assets for investors.
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