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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 Torontoās missing-middle housing.
They cover shifting CMHC underwriting and how first-time developers can struggle to secure MLI Select financing, plus potential partnerships where Allianceās 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 āwould I live here?ā location tests matter again.
Exchange-Traded Funds (ETFs) | BMO Global Asset Management
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