Morguard Investments Limited has acquired a 100 percent leasehold interest in a newly constructed 10-story, 232-suite rental apartment building in Toronto’s Fashion/Entertainment District, the company announced Wednesday.

The $43 million acquisition was on behalf of Morguard Residential Properties Inc. (MRP-1), a closed-end pooled fund that invests in multi-residential properties across Canada.

Morguard Investments was established in 1975 and today has more than $5.4 Billion in assets under management. The company provides a full range of real estate portfolio, asset, and property management services.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×