Real Estate Deals

Fidelity and Brookfield enter private real estate management agreement

CPE News

Brookfield Asset Management Ltd. to invest in and manage a newly formed portfolio of high quality Canadian real estate assets on behalf of Fidelity Investments Canada ULC

AgeCare and Axium Infrastructure to acquire Chartwell’s 2 BC LTC homes for $153.9M

CPE News

Chartwell Retirement Residences (TSX: CSH.UN) to sell two Long Term Care homes in British Columbia with 264 beds to AgeCare Health Services Inc. and Axium Infrastructure Inc. for $153.9M including assumption of debt.

Crown Realty V acquires Park of Commerce from Quadreal

CPE News

Crown Realty Partners acquired Park of Commerce from QuadReal Property Group, 1st acquisition for its $260 million value-add fund, Crown Realty V Limited Partnership.

Skyline to sell Deerhurst, Horseshoe Valley resorts, Blue Mountain development land for $210M

CPE News

Skyline Investments Inc. to sell 100% interest in Deerhurst Resort and Horseshoe Valley Resort, together with Serruya Private Equity, all of its remaining development lands at Blue Mountain Resort to Freed Corp for $210M.

Greybrook Yorkville IV closes $41.765M investment to develop condominium with Tribute

CPE News

Greybrook Yorkville IV acquired 5 properties located at 148, 152, 156 Avenue Rd, 224 and 234 Davenport in Toronto, to develop with partner, Tribute Communities, into luxury high-rise condominium residence

CPP Investments and LOGOS form 2nd Indonesia Logistics Venture

CPE News

CPP Investments committed US $200M in 2nd Indonesia joint venture with LOGOS, which will develop a diversified portfolio of facilities targeted at third party logistics (3PL), data centre and industrial tenants.

Drazin Family’s Rester to acquire ELAD Canada for $508M

CPE News

Drazin family's Rester Management to acquire 100% of ELAD Canada Realty shares from ELAD Group for CDN $508 million.

BCI’s QuadReal acquires 50% interest in CA Ventures’ U.S. student living platform

CPE News

British Columbia Investment Management Corporation (BCI)'s QuadReal Property Group acquired 50% interest in CA Ventures' US $4B U.S. student living platform with US $1.6B commitment and existing investments

Blackstone REIT invests US $240M in Tricon for 12% stake

CPE News

Blackstone Real Estate Income Trust, to invest US $240M, part of US $300M syndicated investment, in Tricon Residential. Frank Cohen, Chairman & CEO of BREIT, will join Tricon's board.

Compass Datacenters adds 2nd market in Canada with Etobicoke land purchase

CPE News

RedBird Capital Partners, Ontario Teachers' and Azrieli Group backed Compass Datacenters acquired Etobicoke land, 15km from 151 Front Street, for its first Toronto campus.

APG, CPP Investments and ESR form 2nd US $1B South Korean logistics real estate JV

CPE News

APG, CPP Investments, ESR Cayman (SEHK: 1821) formed 2nd Korean JV, ESR-KS II, US $1B venture to develop industrial and warehouse logistics portfolio in Seoul and Busan metropolitan areas

BCI’s QuadReal and Mill Creek Residential enter US $421M JV

Ted Liu

British Columbia Investment Management Corporation (BCI)'s QuadReal Property Group and Mill Creek Residential formed US $421M joint venture to develop and operate multifamily communities in targeted US markets

CPPIB forms San Jose Office JV with Boston Properties

CPE News

CPPIB acquired 45% stake in Boston Properties' Platform 16, a 1.1 million square foot Class A urban office campus near Diridon Station in downtown San Jose, California.

Tricon and Arizona State Retirement System launch US $450M JV

CPE News

Tricon Capital Group and Arizona State Retirement System (ASRS) formed US $450M JV targets investments in master-planned communities and development of single-family "build-to-rent" communities

Blackstone to acquire Dream Global REIT for $6.2B

CPE News

Blackstone to acquire Dream Global REIT for $6.2B. Dream Asset Management, the asset manager, will receive $395.2M as part of the transaction

Spear Street Capital acquires AI Hub O Mile-Ex

Ted Liu

Spear Street Capital, acquired O Mile-Ex, Montreal's AI hub, from TGTA, Fondaction and the Ville de Qu├ębec pension funds

RioCan to buy out KingSett’s 50% share to own 100% of Yonge Sheppard Centre

Ted Liu

RioCan REIT to acquire KingSett Canadian Real Estate Income Fund's 50% co-ownership interest in Yonge Sheppard Centre for $331M

Sun Life to acquire GreenOak and merge it with Bentall Kennedy

CPE News

Sun Life Financial to acquire control of GreenOak Real Estate and combine it with Bentall Kennedy

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