R2 Capital Buys Two Calgary Class A Office Towers at 59% Discount

R2 Capital Partners has acquired two Class A office towers in Calgary's northwest for $160 per square foot, a 59% discount from their previous market value. The buildings, constructed in 2006, have a total of 119,030 square feet and are fully leased to 14 tenants, including government agencies and multinational corporations. This acquisition is part of R2 Capital's broader strategy for Calgary, with plans for further purchases in the area. The towers are considered suburban but are located close to downtown Calgary, providing a cap rate exceeding 12%.