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Chartwell buying $382.5M stake in Fengate seniors housing portfolio

RENX Staff Residential Seniors Housing National May. 8 2026

Chartwell Retirement Residences intends to invest $382.5 million to acquire a 30 per cent ownership stake in a $1.3 billion portfolio of 23 Canadian seniors residences currently owned by Fengate Asset Management on behalf of the LiUNA Pension Fund of Central and Eastern Canada.

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