REITs & Institutions
Construction
Inside Forum Asset Management's $15.5M Development Charges Battle In Guelph
Forum Asset Management announced earlier this month that it is putting the second phase of its student housing project in Guelph on hold after the City's decision to impose $15.5 million in development charges.
May 01, 2025
Industrial
Choice Properties REIT Announces $340.3M In Industrial Property Acquisitions
The acquisitions announced by Choice Properties REIT (TSX: CHP.UN) occurred subsequent to Q1 2025.
Industry
KingSett Capital Now Has Nearly $1.2B Tied Up In Receivership Proceedings In BC, Ontario
KingSett Capital recently initiated two new receiverships in BC, adding to an extensive list of mortgages tied up in insolvency proceedings in that province and in Ontario.
Development Projects
Bazis Buys Two-Tower Project From First Capital For $32M, Planning Third Tower
First Capital REIT (TSX: FCR.UN) has sold 895 Lawrence Avenue East in North York, where it was planning two towers. Bazis is now planning three towers for the site.
Nearly 4 Acres of Waterfront Luxury Await At This Lake Rosseau Escape
Perched on nearly four acres along the coveted shores of Lake Rosseau, a newly listed, meticulously renovated cottage offers an extraordinary blend of privacy, recreation, and upscale relaxation.
Multifamily
Boardwalk REIT Acquires Elbow 5 Eight Property In Calgary For $93M
The Elbow 5 Eight rental building is located at 730 58 Avenue SW in Calgary and was developed by Cove Properties.
Multifamily
Concert Properties Completes Seniors Housing Divestiture, Securing $334M
Over the past year, Concert has sold its four Tapestry seniors housing properties in BC and Ontario to Tridel, Fengate Asset Management, and Chartwell Retirement Residences.
Listed Commercial
CPP Investments Puts Downtown Toronto HQ At 1 Queen East On The Market
The Canada Pension Plan Investment Board acquired 1 Queen Street E and 20 Richmond Street E in 2013 for $220 million.
Multifamily
Forum To Reposition Ottawa Student Housing Tower Under REIIF After $183M Purchase
Forum Asset Management is set to reposition ALMA @ ByWard Market Ottawa at 256 Rideau Street under its REIIF in Q3 2025.
Industry
Cracks Emerge In RioCan And Hudson’s Bay Joint Venture Over Unpaid Rent
The joint venture RioCan REIT (TSX: REI.UN) and the Hudson's Bay Company established in 2015 leases space to Hudson's Bay.
Industry
Inside Hudson's Bay's "Fully Intertwined" Relationship With RioCan
The Hudson's Bay Company filed for CCAA creditor protection last week and that creditor protection extends to its joint venture with RioCan REIT (TSX: REI.UN) as well.
REITs & Institutions
OTPP Sells Amica Seniors Housing Portfolio To US's Welltower REIT For $4.6B
The Ontario Teachers' Pension Plan is selling a portfolio of 47 properties owned under Amica Senior Lifestyles to Ohio-based Welltower REIT.
REITs & Institutions
The Largest Acquisitions Or Sales Canadian REITs Made In 2024
The country's largest real estate investment trusts (REITs) have all been publishing their 2024 year-end results the past few weeks.
Industrial
Dream Eyes Warehouses For 32-Acre Brampton Site Acquired From Stellantis For $80M
The site is an excess portion of automotive manufacturer Stellantis' 269-acre plant at 2000 Williams Parkway in Brampton.
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