Skyline sells 623 housing units to Black Ridge for $130M in Gatineau

Published December 11, 2024
Skyline sells 623 housing units to Black Ridge for $130M in Gatineau
Skyline sells 623 housing units to Black Ridge for $130M in Gatineau

Gatineau - SKYLINE REAL ESTATE HOLDINGS INC. has sold a 623-unit residential complex located on Radisson Street to LES IMMEUBLES JARDIN RADISSON INC. (linked to Black Ridge). The transaction amounts to nearly $130 million, with $7 million remaining as a balance of sale price.

Mark Kilajian, VP of acquisitions at Black Ridge, indicates that the company, which specializes in multifamily investments, is currently looking for new properties and invites interested parties to contact him directly.

This significant real estate deal demonstrates the continued interest in large-scale residential properties in the Gatineau area. Black Ridge’s active pursuit of new acquisitions suggests a bullish outlook on the local real estate market, particularly in the multifamily sector.

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