REITs & Institutions

A rendering of Phase Two of ALMAR @ Guelph.
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.

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.

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.

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

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.