Selected Properties

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 spans three buildings and includes more than 900 units.

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

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.

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.

Liberty House is a 26-storey purpose-built apartment building located in the desirable Liberty Village neighborhood of downtown Toronto. The project opened in November 2021. In total, Liberty House consists of 440-residential units and over 2,300 square feet of retail space. The asset features amenities such as a rooftop pool, fitness centre, putting green, arcade room, and sauna.

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.

Woodbourne owns a portfolio of nine operating student housing properties totaling 4,730 beds, with two projects under construction in Ontario and one under construction in Winnipeg. 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, Carleton University in Ottawa, and University of Manitoba in Winnipeg.  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.

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.

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 six self-storage developments, totaling 8,862 storage units.  The first three projects were completed in Q4 2020, Q3 2021, and Q1 2022, and all three properties are currently in lease-up.  Construction is ongoing for the fourth project, and we expect substantial completion in fall 2023.  The pre-development phase for the fifth and sixth investments are nearing completion, and we expect to break ground on each in 2023.

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.