Commercial broker inquiries

[Michael A.]

Hello! Out of curiosity, would anyone have any recommendations for an investor-investment focused commercial broker in the Edmonton Alberta, Canada market? Much appreciated.

[Evan Polaski]

@Trevor Richardson

This is where things become really sticky.  MF is commercial OVER 4 units from a lending perspective, since you are outside of conventional Fannie and Freddie lending products (until you get into over $1mm balance from the Small Balance program).  

The use type is certainly residential, but the common market perception is residential is primarily owner occupant product.  

Then you get into "commercial" brokers.  In Ohio, there is no distinction in licensure, so the commercial brokers that focus on retail, industrial, office, etc, and even large apartment complexes have the same exact license as the realtor repping buyers and sellers for single family homes.  

I will note, that whether you think a 200 unit apartment complex is residential or commercial, the multifamily brokers, just like the industrial and retail and office, tend to all be specialists.  You may see a little crossover in the smaller mixed use product, where an "apartment broker" is listing a 6k sq ft mixed use building with first floor retail and 8 apartments up top, but whether they are their own shop or not, they are certainly their own team.  CBRE, Cushman, Marcus, etc all have their multifamily group, their office group, their retail group, etc.