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Latest Alberta & Prairies Senior Housing Stories
Chartwell Retirement Residences is expanding its footprint in Calgary with the planned purchase of The Edward, a contemporary boutique seniors residence in the city’s Marda Loop area. The company said it agreed to pay $53 million, or $589,000 per suite, for the property. “The acquisition of The Edward is a strategic expansion for Chartwell in …
Vancouver’s commercial real estate (CRE) investment has increased 21% from this point in 2023, says a news Altus Group report. The market has recorded $7.2 billion in transaction volume year-to-date. The robust performance underscores continued investor confidence in the region despite challenges in the broader economic environment, said Altus. However, the third quarter of 2024, …
Latest B.C. Senior Housing Stories
Demand for alternative real estate assets will be strong for the next two years. That was one of the messages Thursday as industry leaders gathered in Vancouver for the first-time Connect Alternative Real Estate investment conference. More investments are expected in unconventional sectors like student housing, seniors housing, self-store and, particularly, data centres. Jonathan Turnbull, …
Industry leaders are getting ready to gather in Vancouver for the Connect Alternative Real Estate investment conference. The first-time event will be held Thursday on Level 25 of Deloitte Summit, located at 410 West Georgia Street. Sessions will include a special presentation from Prakash Venkat, a Deloitte property-valuation specialist and a panel discussion on how …
Latest National Senior Housing Stories
Demand for alternative real estate assets will be strong for the next two years. That was one of the messages Thursday as industry leaders gathered in Vancouver for the first-time Connect Alternative Real Estate investment conference. More investments are expected in unconventional sectors like student housing, seniors housing, self-store and, particularly, data centres. Jonathan Turnbull, …
Industry leaders are getting ready to gather in Vancouver for the Connect Alternative Real Estate investment conference. The first-time event will be held Thursday on Level 25 of Deloitte Summit, located at 410 West Georgia Street. Sessions will include a special presentation from Prakash Venkat, a Deloitte property-valuation specialist and a panel discussion on how …
Latest Cross Border News Senior Housing Stories
Welltower has agreed to acquire a portfolio of 38 luxury seniors housing communities and nine development parcels from the Ontario Teachers’ Pension Plan for $4.6 billion. The properties, located in affluent areas of Toronto, Vancouver, and Victoria, B.C., include 31 existing communities valued at $3.2 billion. As part of the transaction, Welltower, a Toledo, Ohio-based …
Chartwell has closed on its asset exchange with Welltower in conjunction with the retirement-home operators’ termination of their joint-venture investment partnership. The termination agreement was announced in the spring of 2023. The companies had expected to complete the asset exchange by the end of 2023; no reason was given for the delayed completion. Toronto-based Chartwell …
Latest Maritimes Senior Housing Stories
Vancouver’s commercial real estate (CRE) investment has increased 21% from this point in 2023, says a news Altus Group report. The market has recorded $7.2 billion in transaction volume year-to-date. The robust performance underscores continued investor confidence in the region despite challenges in the broader economic environment, said Altus. However, the third quarter of 2024, …
The federal, provincial and regional governments have invested $16 million in a new multi-residential housing development project in Dartmouth, N.S. The 45-unit Main Street Centre project, which is already under construction, will offer seniors and affordable housing. Of the total, 25 will be designated as affordable units and 20 will offered for market rent. “These …
Latest Ontario Senior Housing Stories
Sienna Senior Living has agreed to acquire the the Hygate on Lexington seniors residence in Waterloo, Ont., for $93.3 million. The purchase price for the 216-unit property equates to $432,000 per suite, with a stabilized 6% investment yield, said Sienna. The property is currently in lease-up and has a 65% occupancy rate. It is expected …
Sienna Senior Living has announced plans to acquire two high-quality senior homes in Ontario for $81 million altogether and launched a $125-million equity offering to finance the acquisitions and support future growth initiatives. The company will purchase Wildpine Residence, a 165-suite retirement residence in Stittsville, a suburb of Ottawa, and Cawthra Gardens, a 192-bed class …
Latest Quebec Senior Housing Stories
Chartwell Retirement Residences has completed the acquisitions two Quebec seniors homes in Quebec. Chartwell purchased a 100% interest in Résidence L’Aubier (376 suites) in Lévis, Que., from development partner Batimo for $128.2 million. Lévis is part of the Quebec City region. “The purchase price was settled in cash and the repayment of a $10.0 million …
Chartwell Retirement Residences has agreed to acquire three Quebec seniors homes for $315.2 million as part of its ongoing growth program. The Mississauga, Ont.-based company announced that it has agreed to purchase 950 suites altogether. The assets include: “We are pleased to continue our strategic growth by acquiring modern, efficient, and highly desirable properties in …












