Sunset Investments says it’s back with another, bigger purchase of rental housing in Sackville
The investor group that terminated all the leases in a 16-unit apartment building on King Street this summer has its sights set on another, much larger real estate purchase in Sackville.
Sunset Investments has posted a video online advertising an investment opportunity to purchase six Sackville buildings totalling 82 units. All the buildings in the video appear to be owned by local landlord Charles Estabrooks.
CHMA has reached out to Estabrooks for confirmation and have not heard back as of publication time.
Although the text in the video mentions six buildings, there are five featured in drone footage, which appear to be 55 Salem, and four buildings on Main Street: 172A, 172B, 174, and 176.
Rogan Porter lives at one of the buildings featured. He says there were rumours over the winter that his building might be sold, but that he and his partner breathed easy in the summer when they heard it would not.
“We figured, okay, we’re off the hook. And then the video comes up out of nowhere,” says Porter, “and ruins our sense of peace, unfortunately.”
Porter recognized the investment group—Sunset Investments—from their purchase of 15 King Street this summer, and he was immediately worried.
“I was really upset with what they did to 15 King, even though it didn’t directly impact me,” says Porter. “It’s just a slap in the face to renters.”… Continue