Supporting Forum's acquisition of Alignvest Student Housing
The developer is proposing 18 storeys on a transit-oriented site
The two companies divvied up 39 jointly owned assets.
Reports indicate an uptick in vacancy, but market fundamentals are strong
The firm plans to build 142 homes on the site
The property is valued around $26m
Capreit offloaded the apartment complex on Jan. 22
The venture closed on its first acquisition Jan. 28
A development partner has not yet been selected