Sub Markets

Property Sectors

Topics

Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
New call-to-action
Ontario  + Senior Housing  | 

Spring Living Acquires Six Seniors Residences in Eastern Ontario

Spring Living Retirement Communities has acquired six retirement residences across eastern Ontario, adding 766 suites to its portfolio.

The newly acquired properties include the Westwood and Kanata Ridge retirement communities in Ottawa; the Grace Hill and Heritage Orléans seniors complexes in Orleans, Ont.; Kanata and the Maple Ridge Retirement Community in Carleton Place, Ont., and Lord Dufferin Retirement Community in Orangeville, Ont.

The acquisition marks another step in the company’s expansion across Ontario and Quebec and underscores its focus on delivering resident-centred seniors living in local communities. Spring Living said it will prioritize smooth transitions for residents and staff while introducing enhancements to accommodations and services in the coming months.

“We are thrilled to welcome these new communities into the Spring Living family,” said Lisa Kachur, Spring Living’s chief operating officer. “This acquisition reflects our disciplined growth strategy and our continued confidence in the fundamentals of Canada’s seniors housing sector. We look forward to supporting the exceptional on-site teams and enhancing the experience for residents and their families.”

Following the transaction, Spring Living’s portfolio has grown to 29 properties comprising approximately 3,500 suites.

Spring Living Retirement Communities operates residences across Ontario and Québec, offering independent living, assisted living, memory care and respite options. The company has been recognized for two consecutive years on The Globe and Mail’s Report on Business list of Canada’s Top Growing Companies and focuses on providing personalized services in supportive community environments.

Connect

Inside The Story

Spring Living

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.

New call-to-action
New call-to-action