Peakhill Capital has introduced a new multi-family REIT trust aimed at building a portfolio of rental-apartment properties in the Greater Toronto Area and nearby markets.

Operating as Peakhill Opportunity REIT, or P-REIT, the vehicle is structured to assemble a diversified multi-family portfolio supported by an adaptable investment strategy and Peakhill Capital’s experience across different market conditions.

P-REIT will begin by concentrating on the GTA, Southwestern Ontario and select adjacent markets, pursuing both stabilized properties and assets with upside potential in strong rental locations. Over time, the strategy calls for expansion into other parts of the country that have seen limited institutional investment, including Quebec, Eastern Canada and the Prairie provinces.

“As long-term rental demand continues to grow in the face of a constrained housing supply, this is a great moment to begin building up an asset base,” said Cory Capland, president of P-REIT. “Peakhill Capital has built one of Canada’s leading real estate lending platforms—and now, we’re bringing that same discipline and rigor to the launch of the Peakhill Opportunity REIT.”

Rather than following a conventional REIT structure, P-REIT will employ an open investment model that supports sole ownership, partnerships with institutional and family-office investors, and structured positions such as preferred equity and mezzanine financing. The model is designed to broaden the REIT’s exposure across locations, asset classes and risk levels.

P-REIT is backed by Peakhill Capital’s broader operating platform, which encompasses more than 175 professionals across North America, oversees in excess of $13 billion in assets under administration, and brings established expertise in both real estate equity and lending.