Richard Crenian

About Richard Crenian, Richmont Management CEO

Richard Crenian is a leader in the commercial property market who combines research, improvements and demographics to create income-generating properties. Richard Crenian shares his knowledge and experiences to help nurture the next great generation. He is the founder and mentor of Young Entrepreneurs Organization Saskatchewan, and is a participant in Next36. Richard founded a real-estate development company […]
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Richard Crenian about Multi-tenant commercial real estate 

Toronto, Ontario. – Aug. 25, 2023 – Richard Crenian about Multi-tenant commercial real estate refers to properties that host multiple tenants within one building or complex. Designed specifically to accommodate and lease space to multiple businesses, organizations or individuals; tenants in multi-tenant real estate could include retail stores, offices, restaurants, medical clinics, co-working spaces and more. Key characteristics of multi-tenant commercial real estate […]
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why multi-tenant properties should be taken seriously as long-term income opportunities – Richard Crenian

Richmont Management defines multi-tenant properties as real estate consideration that house multiple tenants or occupants within one building or complex. Such properties could take the form of apartments buildings, office spaces, shopping centers or industrial parks, among others. Here are several reasons why multi-tenant properties should be taken seriously as long-term income opportunities. Multi-tenant properties […]
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Richard Crenian – considering CRE?

Investment in commercial real estate can be an attractive means of creating passive income and long-term wealth creation, but it must also be undertaken carefully with great consideration given to risks and consideration of all possible outcomes. Before diving in to commercial real estate investments, take time to educate yourself about the industry. Learn about different types […]
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Multi-tenant commercial real estate properties possess several key characteristics

Diverse Tenants: Multi-tenant properties draw tenants from various industries or sectors, which not only broadens their customer and client base but also increases the property’s appeal to prospective tenants. Shared Amenities: Shared amenities such as parking spots, lobbies, elevators, restrooms and common areas between tenants are an efficient cost-cutting measure and add comfort and convenience […]
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Why Rent Prices Are Expected To Increase Even More

Due to inflation and other factors, experts predict the already-dramatic rent prices are going to surge even more  Over the past few months, the Canadian housing market has overgone significant changes. Primarily influenced by the Bank of Canada’s decisions to raise its interest rates, the number of sales as well as home prices have been […]
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CAPREIT Is Now A Good Time To Invest In Hamilton’s Real Estate?continues To Trim Its Portfolio And Sells Stake In Three Ottawa Apartment Sites

In efforts to spruce up its real estate portfolio, CAPREIT has said farewells to three Ottawa apartment sites in a $136 million deal Canadian apartment REIT is continuing its efforts to remove aging ‘non-strategic’ assets from its real estate portfolio. Last week, it announced the sale of 50% non-managing interest in three condo properties in […]
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Hamilton: The New ‘It’ Place To Invest?

Hamilton is undergoing a long-awaited transformation, which will make Steeltown an alluring alternative to Toronto’s expensive market The beginning of the year is an excellent time to start planning your investments. If you’re considering joining the real estate market, we’d like to introduce you to Hamilton – currently one of the safest investment opportunities in […]
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Canadian investment activity remained resilient in Q2 2022 despite a challenging economic landscape

Investment volumes remained resilient in the face of growing economic challenges in Q2 2022 Canadian commercial real estate investment activity reached $16.3 billion over 2,516 transactions in Q2 2022. This total represented a decline of 18.0% quarter-over-quarter but an increase of 16.8% compared to the same period in 2021. While activity did slow in Q2 […]
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