Ferrovia Capital's purchase of the Village at the Hamptons, a decade-old apartment complex in Edmonton, was one of the city’s largest real estate deals of the year.
Ferrovia, a Montreal-based investment firm led by President Federico Berloni, acquired the complex from Anderson Builders Group, of Edson, Alberta, as part of a three-property portfolio that also included residential properties in Calgary. The sale price of $126 million for the multifamily portfolio ranked as one of the biggest of 2024.
British Columbia-based CDN Global, a company led by founders Agron Miloti and Jon Bishop, helped guide and shape the deal.
The magnitude and complexity of the sale, which included two multifamily properties in Calgary as well as the Villages at the Hamptons, a six-level, 503-unit apartment complex built in west Edmonton in 2015, led a panel of judges familiar with the Edmonton market to award it a 2025 CoStar Impact Award.
About the project: Sales of multifamily properties accounted for nearly 60% of last year's real estate investment sales volume in Edmonton. A total of 13 apartment property complexes in the province sold for more than $50 million in 2024, a 185% increase in total sales of multifamily property over 2023 sales. Two of the biggest buyers of Edmonton apartments were Ferrovia Capital, a Montreal-based investor, which acquired $294 million of multifamily properties and Vancouver-based Oneka Land Co., which acquired $252.5 million of rental properties. The two firms, which made their first investment forays into the Edmonton market in 2024, accounted for 34% of the total $1.6 billion annual investment activity in Edmonton's multifamily asset class for the year.
What the judges said: "This sale represents a significant investment decision in the Edmonton area," said Mark Edwards of Panattoni Development Co.
“It's very positive to have outside capital purchasing residential stock in Edmonton; the fact that savvy investors are uncovering value in Edmonton bodes well for the rest of the market," said Alim Somji, executive vice president of Jaffer Group.
They made it happen: CDN Global CEO Agron Miloti and Kris Sotiros, vice president capital markets, and Brandon Kuhn, senior associate, of Cushman & Wakefield arranged the sale.
The transaction was also made possible with just over $99 million in financing provided by Coast Capital Savings Federal Credit Union.