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National

Chartwell buying $382.5M stake in Fengate seniors housing portfolio

RENX Staff Residential Seniors Housing National 13 hours ago

Chartwell Retirement Residences intends to invest $382.5 million to acquire a 30 per cent ownership stake in a $1.3 billion portfolio of 23 Canadian seniors residences currently owned by Fengate Asset Management on behalf of the LiUNA Pension Fund of Central and Eastern Canada.

Kenney to retire as CAPREIT CEO, Cutsey named as successor

Don Wilcox People Space Apartments National 16 hours ago

Mark Kenney, whose name has been synonymous with Canadian Apartment Properties Real Estate Investment Trust for almost 30 years, is retiring from his positions as president and CEO on July 2. His successor will be longtime industry executive, Brad Cutsey.

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