The buying spree continues in Canada’s retirement living sector. Chartwell Retirement Residences (CSH-UN-T) has announced its latest acquisition, a portfolio of six southern Ontario properties comprising 1,024 suites for $432 million.
Fengate Asset Management has closed on the acquisition of a “landmark purpose-built rental development site” in Toronto’s Etobicoke neighbourhood, 4-10 Beamish Dr. The Toronto-based firm intends to start construction of a 44-storey tower at the site in 2026.
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