Graywood Developments seeks $150m for 10th private real estate fund
Fundraising - FEBRUARY 3, 2023

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Graywood Developments seeks $150m for 10th private real estate fund

by Kali Persall

Graywood Developments, a Toronto-based private real estate development management company that specializes in residential mixed-use real estate projects, has launched its 10th private real estate development fund, Graywood Fund X.

Graywood is seeking to raise C$200 million ($150 million) from Canadian financial institutions, pension plans, family offices and high-net-worth individuals. The fund will pursue investments in for-sale and rental development properties in Toronto.

A first closing is expected to be held in mid-2023.

“We continue to see an urgent need for more housing in Toronto, which is only expected to increase as Canadian immigration targets grow over time,” said Stephen Price, president and CEO of Graywood. “As a full-service developer operating in the Greater Toronto Area for almost 40 years, we are well positioned to continue to pursue the development of residential properties within Fund X.”

The fund’s predecessor, Graywood Fund

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