In September, Western Canada saw quite a number of commercial realestate transactions. Here are a few big ones that might have slipped under your radar. realestatenews BC Alberta
, of senior housing communities spread out across Western Canada. Three are in Alberta — two in Red Deer and one in Airdrie — and five in British Columbia, in Vernon, Duncan, Penticton, Kamloops, and Surrey. In total, the deal includes 1,092 suites.
“The portfolio features a balanced mix of assisted living and independent living suites and funded long-term care and complex care beds and private pay complex care beds,” said the Newmark Group, who brokered the deal, in a. “The portfolio is relatively new, with an average building age of 10 years and three residences opened since 2019. In addition, three of the assets provide the new ownership with over 360 units of development/expansion opportunities.
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