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)
OBJ launches the 2026 Executive Report on Cornwall
Cornwall has emerged as one of Eastern Ontario’s most compelling locations for business investment, thanks to a combination of affordability, strategic positioning, and a steadily growing economic base.
OCOBIA eyes Ottawa BIA expansion as it gears up for election year
Michelle Groulx says it’s not difficult to spot the Ottawa neighbourhoods with their own business improvement area (BIA). That’s because, she says, BIAs are a visual and experiential representation of
Chartwell owns over 185 retirement residences which employ approximately 14,000 staff and house more than 25,000 residents.
