Multiplex Advice From The CEO of Canada's Only Multiplex REIT
About this episode
Daniel interviews Hooman from Alliance REIT about multiplex development and financing challenges in Toronto.
GET TICKETS TO CANADA'S #1 MULTIPLEX EVENT: https://realist.ca/community/events/unpacking-multiplexes-toronto On the Canadian Real Estate Investor podcast, Daniel welcomes Hooman from Alliance REIT ( https://www.alliancereit.com/) to discuss his path from Bay Street lawyer to multiplex developer and operator, and how Alliance built an evergreen, non-exchange-listed REIT focused on Toronto’s missing-middle housing. They cover shifting CMHC underwriting and how first-time developers can struggle to secure MLI Select financing, plus potential partnerships where Alliance’s experience and conservative underwriting could help. Hooman explains REIT liquidity, RRSP/TFSA eligibility, and the complexity of capital planning for redemptions, and shares operational realities: flat post-development appraisals on recent projects, rising turnover due to incentives in new purpose-built rentals, cheaper condo rentals, and more renters buying homes. He details cost-control tactics, tenant retention, and neighbor relations strategies, and outlines why authentic, vibrant neighborhoods and “would I live here?” location tests matter again. TORONTO MULTIPLEX EVENT Try it…
People in this episode
Hosts: Daniel Foch, Nick Hill
Guest: Hooman
Topics covered
- multiplex real estate
- REITs
- housing development
- financing
- tenant relations
Keywords
- multiplex
- REIT
- Toronto
- financing
- housing
- tenant retention
- capital planning
Sponsors
NordVPN, BMO Global Asset Management
Mentioned in this episode
Organizations: Alliance REIT, CMHC
Products: NordVPN
Places: Toronto
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- A Short History Of Canadian Real Estate Pt. 1
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- The Rise of the Citizen Developer
- Has The Canadian Housing Market Hit Bottom?
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