Transactions & Cases Detail



Transaction/Case Details

Réseau Sélection JV acquires three properties in the Greater Montréal Area

DATE CLOSED

October 2, 2015

BUSINESS SECTOR

Real Property / Construction

LEAD OFFICE

Montreal


OVERVIEW

On October 2, 2015, a joint venture between Réseau Sélection and Revera Inc. (the “Réseau Sélection JV”) acquired three properties in the Greater Montréal Area, namely in Pointe-Claire, Nun’s Island, and Côte-St-Luc (Vista), from Steward Trust. This acquisition brings the number of seniors’ residences owned and operated by the Réseau Sélection JV to 29, and includes projects now under construction in Châteauguay and Vanier. The total number of units now offered by the Réseau Sélection JV represents a 16% increase in the company’s operating portfolio, and enhances its presence in the Montréal and Québec City markets.

On the acquisition, the purchaser was represented by Réseau Sélection and supported by a McCarthy Tétrault team led by Annie Gagnon-Larocque, and including James Papadimitriou, Sébastien Thomas, Mary Pagonis (real estate), Véronique Harvey-Bertrand (corporate), Dominic Thérien (competition) and Nathalie Gagnon (labour) McCarthy Tétrault also represented the purchaser in the financing of the acquisition with a team consisting of Annie Gagnon-Larocque and James Papadimitriou.

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