KingSett Capital, AIMCo to partner in Kanata real estate buy

Killam Properties Inc, in a joint venture with Canadian real estate-focused private equity firm KingSett Capital and Alberta Investment Management Corp (AIMCo), has agreed to acquire a stake in Kanata Lakes Apartments II. A new 152-unit apartment building in Kanata, Ontario, the property is being sold to the joint venture for $48.7 million. The transaction is expected to be completed this month.

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