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HorizonYEG

Edmonton, Alberta
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Project Details

Name: HORIZONYEG

Location: EDMONTON, ALBERTA

Website: www.horizonresidence.ca

The Horizon is a 311-bed student residence in the heart of Downtown Edmonton, located just west of MacEwan University and within minutes of NAIT and the University of Alberta. The structure also contains 10,000 sqft of commercial/retail space on the ground level. The property was acquired by the Corporation at a discount to market value through a court-ordered sale after the previous owner defaulted on mortgage obligations.
Through new and focused management, the property value is expected to appreciate over the medium term as the rents stabilize and programs are put into place to reduce turnover and encourage long-term leasing.