Transactions - NOVEMBER 11, 2019

Continuum Residential REIT to sell $1.7b portfolio

by Released

Continuum Residential Real Estate Investment Trust has plans to sell its multi-residential portfolio for $1.732 billion to Starlight Investments.

The portfolio is comprised of 44 high-rise concrete buildings located primarily in the Greater Toronto Area and contains 6,271 rental suites.

The REIT is an affiliate of Q Management, a real estate asset and property management entity that is actively engaged in the multi-family residential sector in Ontario . In addition to the REIT, Q Management LP manages two private equity multi residential funds in Ontario consisting of 5,234 (owned and under contract) suites in 45 buildings.

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