Hillcrest Place & Lymburn Lane

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been exclusively retained by the Owner to offer for sale a 100% freehold interest in Hillcrest Place and Lymburn Lane located at 107 Hillcrest Place NW and 7308-178 Street NW in Edmonton, Alberta (the “Property” or the “Portfolio”).

Hillcrest Place is comprised of 144 stacked townhomes, with a strong suite mix of 1 one-bedroom, 24 two-bedroom bi-level, 47 two-bedroom bungalow, and 72 three-bedroom bi-level suites. The six buildings are spread across approximately 6.02 acres of land in the affluent neighbourhood of Patricia Heights.

Lymburn Lane is comprised of 48 row townhomes, all of which are three bedroom, 1.5 bathroom suites. The six buildings are spread across approximately 2.89 acres of land in the amenity-rich neighborhood of Lymburn.

The Properties are in desirable, affluent neighbourhoods in Edmonton’s mature west end. The six-minute drive between Hillcrest Place and Lymburn Lane provides operational efficiencies, specifically, day-to-day management and tenant retention given the diverse suite offering. The communities are both family-oriented with an attractive suite mix, large suite sizes, and provide a defensive and irreplaceable offering. These best-in-class multifamily properties have been well-maintained and benefited from consistent capital reinvestment.

The Portfolio is being offered with no list price and no formal bid date. The Vendor reserves the right to call for offers at a future date. Interested parties can acquire the properties on an individual basis. Existing financing is to be assumed. No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser.