Ironwood Updates - Q3 2024
Assets Under Management
- $225 Million+
- 21% - Residential
- 30% - Mortgages
- 49% - Commercial
Goals for the upcoming quarter
- Refine our corporate infrastructure to build the strongest team possible
- Refresh our marketing materials and enhance our community presence
- Acquire high-quality income producing properties with double-digit returns
Ironwood Team Introductions
This quarter, we welcomed two senior property managers and one senior commercial accountant to support our growing portfolio.
- Ellie Grant, Senior Property Manager
- Darleen Tan, Senior Accountant
- Vanessa Treleaven, Senior Property Manager
Transaction Activity
So far in 2024, Ironwood has completed over $125M in acquisitions, dispositions and construction activity.
Activity this quarter includes:
Klarvatten Plaza
16705 - 84 Street, Edmonton, AB
Purchased September 20, 2024
This 81,418-square-foot property was acquired through a judicial sale. At the time of the sale, the building was 84% occupied, resulting in a profit for Ironwood.
Sun Life Place
10123 - 99 street, Edmonton, AB
Purchased July 24, 2024
Sun Life Place is a notable office building acquired for $33 million. It is currently Ironwood’s largest commercial asset, featuring 25 floors and over 290,000 square feet of rentable space. This property is 80% leased and primarily consists of office tenants.
MacEwan Greens
6201 Grant MacEwan Blvd, Leduc, AB
Sold July 10, 2024
MacEwan Greens is the largest rental property in Leduc with 262 luxury rental suites and at the time of the sale experienced no vacancy.
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