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Cross Border News  + Canada + Ontario  + Hospitality  |  December 8, 2023
Canadian resort real estate developer Freed Corp. has obtained C$300 million from U.S. investment giant BlackRock.
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By: Monte Stewart

Freed Gets $300M from BlackRock, Buys Out Skyline

Canadian resort real estate developer Freed Corp. has obtained C$300 million from U.S. investment giant BlackRock.

As part of the deal Toronto-based Freed has acquired the remaining 29% interest in its portfolio from Skyline Investments to secure full ownership of the assets. In a news release, Freed said the deal also solidifies the companies as the largest owner-operated of hotel and resort communities in Canada.

Freed specializes in luxury condos, food-and-beverage ventures, luxury condos, hotels and resorts, and commercial spaces.

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FreedBlackRock

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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