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 of the buildings and include approximately 900 units.

Expected Completion Date: 2022


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 neighborhood 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.


The Duke

Woodbourne Canada Partners II, LP

The Duke, which opened in Q2 2018 and attained stabilized occupancy in the following quarter, is a 119,733 square foot development project located in the Mount Pleasant neighborhood 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 and 106 parking stalls.


The Montgomery

Woodbourne Canada Partners II, LP

The Montgomery, currently in lease-up, is located at 2388 Yonge Street, Toronto, Ontario in the Yonge and Eglinton node on a 30,500 square foot, two-parcel land assembly which includes a locally prominent former postal station located on the site previously occupied by the historically significant Montgomery’s Tavern. The 27-storey tower comprises 233 rental apartment units above a commercial podium with 19,000 square feet of commercial space.

First Occupancy: Q1 2019


Woodbourne Canada Partners III, LP

Litho, currently under construction, is a purpose-built rental apartment project located just west of the Annex neighborhood in Toronto, Ontario. The 9-storey project is expected to provide 149,047 residential leasable square feet divided into 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: Q1 2021

Student Housing Platform

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

Woodbourne owns a portfolio of seven student housing properties spread across Ontario. Totaling 3,441 beds, the properties house students attending Queen’s University in Kingston, Georgian College in Barrie, the University of Ontario Institute of Technology and Durham College in Oshawa, Brock University in St. Catharines, and Fanshawe College in London. 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.


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 over 3,100 aggregate units spanning the provinces of Quebec, Ontario, Manitoba, Saskatchewan, and Alberta. Facilities are highly amenitized and incorporate a continuum of care from seniors’ apartments to independent living to memory care.

Six properties are stabilized, six are in lease-up, and six are under development.

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