Greenrock Real Estate Advisors, a Toronto-based property management company, has announced an additional $1 million in relief and support funds to support those struggling amidst the COVID-19 pandemic.
This commitment follows the company's unveiling of its support fund in March, which included $500,000 in resident gift certificates and local community support.
READ: Toronto Property Management Company Shows How to Support Residents During COVID-19
The company says the $1 million in new funding will help extend the impact of the program with an additional $500,000 for each of May and June for total overall support to date of $1.5 million.
Support measures include $300 in grocery gift cards that will be provided to every suite in Greenrock’s 2000 suite portfolio – $100 for each suite in April, May, and June.
What's more, Greenrock has pledged a further $600,000 to Canadian charities with funds being donated starting this May. This is in addition to the company's previous support of $150,000 to Daily Bread Food Bank and $30,000 each to Stella’s Place, Kids Help Phone, The 519, The Redwood, and Sprint Senior Care.
“I’m proud of our board and management team for making this happen”,” said Gloria Mogavero, Greenrock’s CEO, “As we reach out to help each other, if only in a small way, including all our residents in these measures is especially meaningful. It’s a time of separation but we’ve never been closer.”
This is just another example of local landlords and property management companies in the city going the extra mile to help residents who are struggling due to COVID-19.
Not to mention there's the Toronto real estate community that's doing its part to support the city’s front line healthcare workers by raising money to make PPE face shields and the Toronto developer that's offering its employees and their family members access to free virtual health care.
