Civitas Real Estate Investments LP is doubling down on multifamily real estate acquisition in #Strathmore, AB. Why? 🤔 Glad you asked. While following the typical population trends of Alberta overall, at 2.6% YoY, projections suggest Strathmore is more likely to mirror Airdrie's explosive growth in recent years 📈 Of particular note, industrial growth in the area is expected to create more than 4,500 jobs over the next 2.5 years. Further, rental rates across the city are currently 30-40% below market value, presenting a compelling opportunity for immediate cash flow 💸 Strathmore has a small town feel with the amenities of a large urban center. Well-located, land and properties provide opportunities for future land use as the area continues to urbanize, only 40 minutes for Calgary’s business core. Check it out: https://lnkd.in/g9umhecZ #realestateinvestment #multifamilyinvestment #calgaryrealestate #albertarealestate
