Class A Multifamily Development Joint Venture

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