Press Release · Acquisition
Acquisition adds to Lankin’s $2+ billion institutional-grade portfolio of Canadian multi-family rental communities.
TORONTO, ONTARIO — Lankin Investments today announced that Lankin Apartment REIT has acquired 1551 Lycee Place, a 258-unit multi-family residential community located in Ottawa.
The property strengthens Lankin’s footprint in the National Capital Region, a market characterized by government-anchored employment and rental demand.12 The acquisition aligns with Lankin’s disciplined investment criteria for institutional-grade multi-family assets in select Canadian markets. For analytical context on how Lankin evaluates markets like Ottawa — which sits in the primary / upper-secondary tier of Canadian apartment markets — see our recent market intelligence report, Primary vs. Secondary Markets: Reading the Rent Spread.
Location
Ottawa
Ontario
Address
1551 Lycee Place
Ottawa, Ontario
Units
258
Multi-family residential
Lankin Investments is a real estate investment firm specializing in institutional-grade Canadian multi-family assets. With over 15 years of experience, the firm has successfully acquired, managed, and operated rental communities across Canada. Today, Lankin manages a real estate portfolio exceeding $2 billion, with more than 6,200 multi-family units under management.
For more information, visit lankin.com.
Forward-looking information. Certain statements in this release constitute forward-looking information (“FLI”) within the meaning of applicable Canadian securities laws. Forward-looking statements include words such as “expect,” “anticipate,” “may,” “will,” “could,” “intend,” “plan,” “believe,” and similar expressions, as well as statements about Lankin’s ongoing operational and management plans for the property and its broader portfolio strategy. Forward-looking information is based on assumptions and is subject to risks and uncertainties — including real estate market conditions, financing availability, interest rate changes, and other market-specific factors — that may cause actual results to differ materially from those expressed or implied. Lankin Investments undertakes no obligation to update forward-looking information except as required by applicable law.
This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering of securities by Lankin Investments will be made only to qualified investors pursuant to applicable exemptions from prospectus requirements and only by way of an offering memorandum or other authorized offering document, which should be reviewed in full prior to making any investment decision. Investors should consult their own legal, tax, and financial advisors before acting on any information in this release. Please read full disclaimers at lankin.com/disclaimers.
Information presented is sourced from third parties believed to be reliable; Lankin Investments has not independently verified, and does not assume responsibility for the accuracy or completeness of, third-party data. Market commentary reflects Lankin’s view as of the publish date and may change without notice.
