Skip to main content Skip to footer

Class A Multifamily Development Joint Venture

toronto

Arranged Joint Ventures investments for two Class A multifamily development projects in Toronto, ON, to both develop the assets and hold them long-term post completion

  • Assets: Two Newly Built Class A Multifamily
  • Location: Downtown Toronto
  • Transaction: Land Acquisition and Development Joint Venture
  • Vendor: Fitzrovia Real Estate
  • Purchasers: Choice Properties REIT + Woodbourne Capital
  • JV Ownership Structure: 5.0% / 47.5% / 47.5% JV (Vendor / Purchasers)
  • Development Management: Retained by Vendor
  • Asset and Property Management: Retained by Vendor post completion
Project A
  • Budget: ~$250 million (at 100%)
  • Size: 384K SF GLA (397 units + 60K SF Office)
  • Land Acquired: 2017
  • Projects Completed: 2021
Project B
  • Budget: ~$225 million (at 100%)
  • Size: 290K SF GLA (440 units)
  • Land Acquired: 2018
  • Projects Completed: 2021


Read more success stories

For More Information, Please Contact:

Emeka Mayes

Partner, Head of Capital Markets Brokerage

Montreal

Emeka Mayes joined Colliers in September 2021 as Partner Head of Capital Markets, Brokerage with over 20 years of experience in the commercial real estate industry.

Before joining Colliers, Emeka worked for more than 10 years at a leading REIT as Vice President, Investments, where she was responsible for sourcing, negotiating, and closing all acquisitions, dispositions, and joint venture relationships. Emeka has also worked in the United States with one of the largest mortgage banking firms in the US. Emeka holds a Master of Arts degree in Psychology and a minor in Business Administration from the University of California, Berkeley.

View Expert