Selected Properties

The Well

Woodbourne Canada Partners III, LP

The Well is a mixed-use community being developed in downtown Toronto with seven buildings comprising over three million square feet of residential, retail and office space. Woodbourne’s involvement in the project is limited to the rental residential portion, which will span three buildings and is expected to include more than 900 units.

Expected Completion Date: 2023

The Montgomery

Woodbourne Canada Partners II, LP

The Montgomery is a 27-storey apartment tower located in the Yonge and Eglinton node of Toronto.  The 30,500 square foot, two-parcel land assembly includes a locally-prominent former postal station that was previously occupied by the historically significant Montgomery’s Tavern. The property is comprised of 233 rental apartment units above a commercial podium with 19,000 square feet of commercial space.

Stabilized

The Duke

Woodbourne Canada Partners II, LP

Woodbourne and its partner exited The Duke in Q1 2020 at what we believe to be the highest price per square foot and per door ever paid for a Canadian apartment building.

The Duke was opened in Q2 2018 and attained stabilized occupancy in the following quarter.  The Duke is a 119,733 square foot development project located in the Mount Pleasant neighbourhood of Vancouver, British Columbia. The project is primarily rental residential, with 201 rental units encompassing 113,754 rentable square feet, and an additional 5,979 square feet of rentable commercial space.

Realized: Q1 2020

VIA123

Woodbourne Canada Partners III, LP

VIA123 is a newly constructed residential project consisting of a 19-story tower and an adjacent townhome complex. VIA123 is located in a master planned community within the Parkway Forest neighbourhood in North York, Toronto. Residents benefit from proximity to the CF Fairview Mall, public transportation via the Sheppard subway line, and a brand new community centre. The project consists of 198 residential units between the tower and the townhomes, totaling approximately 173,000 square feet of residential area.

Stabilized

The MacLaren

Woodbourne Canada Partners III, LP

The MacLaren is a 27-storey 240-unit purpose-built rental apartment opened in late-2019 in the popular Oliver neighbourhood of Edmonton. The project includes over 12,000 square feet of commercial space spread across six commercial units and is one of the only new-build rental assets in the area.  The building features an entire rooftop amenity floor with views of downtown Edmonton, an outdoor patio, and a dog run, and incorporates the historic façade of the Buena Vista building on the northwest corner of the site.

Leasing

West22

Woodbourne Canada Partners III, LP

West22 is a 30-storey, 369-unit purpose-built rental apartment in the Weston neighbourhood of Toronto located less than 400 metres from Weston Station, which provides express rail service to both Union Station at the heart of the downtown core and Toronto Pearson International Airport.  The building opened for phased occupancy in February 2019 and stabilized shortly thereafter.  The property includes 13,500 square feet of combined amenity space, including a gym and yoga room, cycling room, outdoor patio with grills, and a dog run.  The project is part of Weston Common, a community cultural hub and host of the Weston Farmer’s Market, adding vibrancy to the area.

Stabilized

Litho.

Woodbourne Canada Partners III, LP

Litho is a purpose-built rental apartment under development just west of the Annex neighbourhood in Toronto. The 9-storey project is expected to provide 149,047 residential leasable square feet with 210 units, nearly 10,000 square feet of amenity space, 232 bicycle parking spaces, and 249 parking stalls. The majority of the ground floor commercial component has been pre-leased to Farm Boy, a high-end grocer local to the Ontario market.

Expected Completion Date: Q3 2021

Student Housing Platform

Woodbourne Canada Partners III, LP Woodbourne Canada Partners IV, LP

Woodbourne owns a portfolio of seven operating student housing properties with three projects under development across Ontario.  Totaling 5,543 beds, the properties house students attending Queen’s University in Kingston, Georgian College in Barrie, Ontario Tech and Durham College in Oshawa, Brock University in St. Catharines, Fanshawe College in London, and Carleton University in Ottawa.  The portfolio seeks to capitalize on the lack of high-end purpose-built student housing located within close proximity to premier Canadian universities and colleges.

Stabilized / Under Development

Seniors' Housing Platform

Woodbourne Canada Partners II, LP Woodbourne Canada Partners III, LP Woodbourne Canada Partners IV, LP

The All Seniors Care portfolio consists of 18 seniors’ housing projects with approximately 3,200 aggregate units spanning the provinces of Ontario, Manitoba, Saskatchewan, and Alberta. Facilities are highly amenitized and incorporate a continuum of care from seniors’ apartments to independent living to memory care.

Eight properties are stabilized, three are in lease-up, five are under construction and two are in pre-development

Self-Storage Platform

Woodbourne Canada Partners IV, LP

Woodbourne has partnered with an experienced developer and operator to build best in class, climate-controlled self-storage facilities throughout the Greater Toronto Area.  Thus far, Woodbourne has committed to five self-storage developments, totaling 7,470 storage units.  The first project was completed in Q4 2020 and is currently in lease-up.  Two properties are currently under construction, and two projects are in the pre-development phase with construction expected to begin in 2021.

Manufactured Housing Platform

Woodbourne Canada Partners II, LP

The Keystone manufactured housing community (“MHC”) portfolio was assembled from June 2011 through October 2014, beginning with a large acquisition of 15 communities followed by nine additional acquisitions. It grew to become one of the largest privately-held MHC portfolios in Canada, consisting of 24 communities with 3,822 pads across six provinces. Woodbourne and its partner enhanced value through intensive property and asset management practices and achieved nearly 98% occupancy prior to sale. In 2018, Woodbourne strategically engaged a U.S.-based broker with an international reach to conduct a competitive sale process that attracted several global bidders. We believe this initiative helped drive pricing, ultimately resulting in a sale to a large Canadian REIT.

Realized: Q2 2019