It can be challenging to find an apartment in Calgary, and the same applies to purchasing a multifamily residential property in the city that is both Alberta's largest and Canada's fastest-growing town.
Last year, Vancouver-based CDN Global helped an investor client to navigate the competitive Calgary residential real estate market, an effort that culminated in the largest-ever residential property sale in Northeast Calgary in a deal involving 368 rental units and a price tag of over $103 million.
Anderson Builders Group of Edson, Alberta, sold the two Skyview Living apartment properties to Montreal-based Ferrovia Capital for $103.05 million. The portfolio sale also included a third property in Edmonton.
The property at 181 Skyview Bay contains 222 units and traded for $64.55 million. The other property a few doors down at 141 Skyview Bay has 146 units and traded for $38.5 million in the same deal, according to CoStar data.
British Columbia-based CDN Global, a company led by founders Agron Miloti and Jon Bishop, helped guide and shape the deal. The successful sale earned a 2025 CoStar Impact Award in Calgary, as judged by a panel of professionals familiar with the market.
About the project: The complex is located in a fast-growing area full of master-planned communities at the city's northeast corner, a short distance from the Calgary International Airport.
What the judges said: "Attracting investment capital at the scale of $100 million plus to the Calgary market is a challenging endeavor," said Michael D. Anderson, senior vice president of leasing and development for Centron Group.
"With the exception of lease of the year, it is no surprise that all the Impact Awards in commercial development and sales are exceptional multifamily developments. 2024 was the year of the multifamily as the housing crunch continues in Calgary," said Michelle Pink, principal and regional property tax leader for Ryan ULC.
"This investment by outside capital added long-term value to the community and reinforced investor confidence in the city’s growth trajectory," added Chantel Tremblay, real estate program lead at the University of Calgary's Haskayne School of Business, Westman Centre for Real Estate Studies.
They made it happen: Agron Miloti, CEO, and Kris Sotiros, vice president of capital markets for CDN Global, marketed the portfolio on behalf of the seller, and Brandon Kuhn, senior associate at Cushman & Wakefield | Edmonton, represented the buyer.