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Canada  + Multi-residential Housing  | 
Graywood Developments has completed the first capital raise on its 10th private real estate development fund.

Graywood Raises $200M for Developments

Graywood Developments has completed the first capital raise on its 10th private real estate development fund.

The Toronto-based company raised its initial target of $200 million for the fund launched in February. Graywood specializes in mixed-use projects. The firm said it will deploy the proceeds in residential developments in the Greater Toronto Area.

“Despite temporary challenges in the market, we remain very optimistic in our ability to generate strong risk-weighted returns as the need for new housing continues to far exceed supply,” said Stephen Price, Graywood’s president and CEO, in a news release.

Graywood said it may plan subsequent rounds for the fund in 2024. The company currently has 15 active projects that represent $5.2 billion development value.

Projects have included hotels and seniors residences.

Photo: Graywood Developments

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Inside The Story

Stephen PriceGraywood Developments

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.

  • ◦Development
  • ◦Financing
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