Federal Real Estate buys Westmount apartment portfolio for 51 million dollars
Federal Real Estate has acquired a 125-suite residential portfolio in Westmount, Quebec, for $51 million, marking the first ownership change since the property was built.
FTMQ Real Estate, written by our newsroom0 views
Federal Real Estate has acquired a 125-suite residential portfolio in Westmount for $51 million, RENX reported. Global commercial real estate advisory firm Avison Young announced the sale on October 22, 2026. The property was sold by entities linked to real estate developer Edward Laurence Cohen and his family. [1]
The portfolio consists of two six-storey concrete buildings located at 220 and 225 Olivier Avenue. According to RENX, the Cohen family had owned and managed the portfolio continuously since the structures were originally developed. This transaction represents the first ownership change in the history of the properties. [1]
Federal Real Estate is a private real estate and property management firm based in Montreal. Its acquisition expands its holdings within Westmount, an affluent enclave in the Montreal area known for high-value real estate. The municipality is characterized by strict heritage protections, preserved Victorian and Edwardian architecture, and high median household incomes that exceed $360,000 in certain neighborhoods. [1][4]
In short
- Federal Real Estate acquired a 125-suite residential portfolio in Westmount for $51 million.
- The transaction includes two six-storey concrete buildings at 220 and 225 Olivier Avenue.
- Avison Young brokered the deal, which marks the first ownership change for the properties since their construction.
- The assets were purchased from entities associated with Edward Laurence Cohen and his family.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Federal buys 'rare' Westmount apartment portfolio for $51 millionRENX, 11d ago (the report this story comes from)
Background
- [2]FedEx on Wikipedia
- [3]McGill University on Wikipedia
- [4]Westmount on Grokipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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