Killam Marches on Ottawa

CEO Philip Fraser of Killam Properties, who called Ottawa, Canada, the nation’s capital, “one of the strongest cities for long-term investment in Ontario,” says his company is on the prowl for more acquisitions there, reports the OttawaBusinessJaournl. Based in Halifax, Nova Scotia, Killam purchased a 25 percent share in a 146-unit apartment development in Ottawa, partnering with Kuwait Finance House. In Sept. 2012 Killam shelled out $24 million for a 244-unit portfolio of four apartment buildings in Ottawa, where the vacancy rate for multi-units stands at 2.1 percent. As MHProNews knows, Killam is one of the largest owners of manufactured home communities in Canada.

(Photo credit: Killam Properties)

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