The Broadway Company Sells 'Le Charles' in Montreal for $8.65M

Boston, Massachusetts--(Newsfile Corp. - June 6, 2022) - Boston-based real estate investment firm The Broadway Company has sold 3639-3641 Sainte-Famille, a 51-unit apartment building in the heart of the McGill Student District in Montreal, Quebec, Canada. The sale price was $8.65 million CAD ($6.74 million USD).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• "We have a great handle on excellent investment opportunities there and are looking to acquire more assets," said Tana Weissman.
• The property's value was improved through significant capital investments, including full renovation of 22 of the 52 units.

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ABOUT THE BROADWAY COMPANY

The Broadway Company is an innovative, technology enabled real estate investment platform founded in 2011. The company's investments span asset classes and locations, including investments in multifamily, manufactured housing and single-family residences. The Broadway Company has acquired more than 70 buildings in approximately 60 syndications and is active in the Greater Boston area; Brooklyn, NY; Montreal, Canada; Huntsville, AL, and Bozeman, MT. The Broadway Company is an owner, manager, and operator. For more information, please go to www.tbcre.com.

Contacts:

Tom Palmer
6177557250
tompalmer@rcn.com

Source: The Broadway Company

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126633