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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


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Pour plus d’informations, veuillez contacter:

Emeka Mayes

Partner, Head of Capital Markets Brokerage

Montreal

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