Closing Date: July 2021

Address:  104 Boyce Street & 86 Bell Street, Red Deer, Alberta

Number of Units:  133 in two properties

Year Built:  1980/1987

Highlights:

• Two properties consisting of 4 buildings and 133 multifamily residential units
• Stable occupancy at 98% with an average occupancy of 97% over the past 6 years
• Majority of large capital expenditures have been incurred by existing ownership – boilers, hot water heaters, roofs of the larger buildings and many of the exterior windows have been replaced since 2012
• Two large parcels for each of the properties at 2.14 acres and 2.34 acres allow for the potential to add density in the future