A month after adding the Duke of Devonshire to its portfolio, Chartwell Retirement Residences announced Thursday a $68.4 million deal to acquire the Lord Lansdowne from Dymon Healthcare Corporation.
“We are pleased to add this excellent residence to our portfolio. The Lord Lansdowne strengthens our presence in the Ottawa market, where we already own 10 residences representing over 1,100 suites, allowing for improved operating and marketing synergies,” Chartwell’s Chief Financial Officer and Chief Investment Officer Vlad Volodarski said in a statement. “We are looking forward to welcoming the Lord Lansdowne residents and staff to the Chartwell family.”
The deal for the Glebe residence, located across the street from Lansdowne Park and currently 88 per cent occupied, is expected to close June 1.
(Sponsored)
New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
How Carleton is using simulation and visualization to improve training, design and human performance
From healthcare to aviation to architecture, simulation and visualization tools have become an essential part of training, analysis and decision-making in sectors that rely on precision. At Carleton University, researchers
Chartwell owns over 185 retirement residences which employ approximately 14,000 staff and house more than 25,000 residents.
