Meanwhile,
Acquisitions enlargements rpa | chartwell:
The Chartwell real estate company. Furthermore, specializing in residences for the elderly, continues to grow its assets in Quebec with the purchase of a complex of 449 apartments in Montreal and the addition of 338 units in two residences located in Terrebonne and Vaudreuil-Dorion.
Posted at 9:00 a.m.
In Montreal. Furthermore, the company of Toronto origin acquires the residential complex for elders of the Angrignon towers, close to the park of the same name in the district of Lasalle, for an announced sum of $ 88.5 million.
In Terrebonne. Additionally, Furthermore, Chartwell invests 34 million in the expansion of the Chartwell acquisitions enlargements rpa | chartwell of Mille-Îles residence with the addition of 91 Autonomous Elders apartments in the building which already has 226.
In Vaudreuil-Dorion. Nevertheless, Chartwell and a Quebec partner, EMD-BATIMO, launch an enlargement project announced at 170 million for the addition of 247 dwellings at the Le Prestcott pension residence.
At the end of this expansion work. scheduled for the end of 2026, the residential complex will have nearly 500 units for the elderly, including around twenty for so -called “assisted life”.
Meanwhile. still in Vaudreuil-Dorion, Chartwell and Emb-Batimo are equal partner partners in the development of a building of 187 apartments on 14 floors for “active and autonomous adults of 55 and over”. This building, named Lib Vaudreuil-Dorion, is adjacent to the residence of the elderly Le Prescott de Chartwell.
After Quebec
The announcement of these additional Chartwell investments in. the Seniian residence market in Quebec occurs a few months after the Toronto origin company had made a series of acquisitions in the region of the Quebec capital.
Among other things. in the Beauport district of Quebec, Chartwell acquired the Florilège residence of 345 units for the elderly, including 36 in care units, for an announced amount of $ 112.9 million.
In the Cap-Rouge district. in the western suburbs of Quebec, Chartwell acquired the retirement residence for 360 apartments, including 36 in care units, for an announced amount of 117.8 million.
In the Charlesbourg district in Quebec, Chartwell spent 17.2 million for the acquisition of the remaining part of 15 % of the property of the Chartwell trait-carré building. which includes 361 apartments acquisitions enlargements rpa | chartwell for the elderly, including 37 in care units.
According to Jonathan Boulakia. director of investments at Chartwell, this growth in the senior senior residences in Quebec aims to “develop properties in strategic locations which are very attractive for seniors, while supporting solid yields and long -term value creation” for the company and its investors.
With the acquisitions. enlargements announced recently, the Chartwell housing stock in Quebec should pass the 10,000 elder apartments in around thirty buildings located in the main urbanized regions of the province.
Established in Mississauga. in the western suburbs of Toronto, the Chartwell Retirement Residences company is in fact a real estate income trust which specializes in retirement residences and whose trust shares (instead of action) are listed on the Toronto Stock Exchange.
On Monday, July 14, acquisitions enlargements rpa | chartwell with its shares close to their recent historic summit of $ 18.59 per unit, up 40 % over one year, the total market capitalization of Chartwell appeared around 5.2 billion dollars.
According to analysts, the next Total annual Chartwell annual income in 2025 are planned around 1.1 billion dollars, up 18 % over one year.
As for the annualized value of its income distributions among holders of its trust shares. it is anticipated around 173 million, up 6 % over a year.
Acquisitions enlargements rpa | chartwell
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