Avenue Living has acquired Calgary's The Pinnacle apartments – its second major purchase in less than a year at the suburban property. In total, Avenue Living has spent $116 million to acquire over 600 rental units at the site.
Chartwell Retirement Residences and Welltowner Inc. have announced plans to wind up a joint venture which has seen them partner on the ownership of 40 Canadian retirement residences comprising 8,476 suites.
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