After acquiring apartment buildings 2 and 4 Silver Maple Ct. in Brampton, Ont. for $132 million in May, Lankin Investments has closed out 2025 with the $115-million purchase of a 23-storey, 339-unit apartment building at 6 Silver Maple Court from GWL Realty Advisors.

The deal for the site near Dixie Road and Queen Street East — located 800 metres from Bramalea City Centre and with easy access to schools, shopping, dining options, entertainment and public transportation — was brokered by JLL. It completes Lankin's acquisitions of the three existing buildings on the property.

“We have strong conviction in the long-term viability of Brampton and really like the node near the mall and near lots of transit,” Lankin vice-president of investments Jamie Steinmetz told RENX. “We're very, very excited to be able to grow our presence after 2 and 4 Silver Maple earlier in May.”

Vaughan, Ont.-based Lankin’s latest acquisition is on a 6.05-acre site that could support additional development. Steinmetz didn’t want to comment on that aspect of the property aside from saying: “It’s a pretty big piece of land, so if development ever came back it could be a great site for that. But it wasn't a consideration of ours.”

 The property comprises a total of 800 apartments - including a combined 461 units in the towers at 2 and 4 Silver Maple.

Lankin and its investment platforms

Lankin has more than 4,000 Canadian investors. It has more than 6,200 apartment units at 70 properties in 17 communities valued at more than $2 billion under management. The company has more than 2,500 units planned for development.

Lankin Apartment REIT has eight rental apartment assets with 1,434 units valued at more than $482 million under management in the Toronto-area communities of Mississauga, Brampton and Newmarket, as well as in Edmonton and Sherwood Park, Alta. 

Lankin Real Estate Growth LP has 18 apartment buildings with 1,370 units valued at more than $458 million in the Ontario cities of Toronto, Hamilton, Mississauga, Scarborough and Brampton under management. 

“We had a pretty big year buying real estate,” Steinmetz said. “We’re becoming a known player within the industry and it’s exciting for me to see a company grow and thrive in this tough environment.” 

Other recent activities

During Q3, Lankin Real Estate Growth LP completed capital investment plans for two Hamilton properties with a combined 89 units. It positioned them for a sale to bolster the balance sheet and enable it to recycle capital into new investment initiatives within the existing portfolio and fund future acquisitions.

Lankin Real Estate Growth LP also added more than 25 infill units and made improvements across its portfolio during the quarter.

“It’s no secret that rents are going down across the board and, in lots of places, vacancy has gone up,” Steinmetz said of current multifamily market conditions. “It presents challenges to everyone, but we’re long-term believers in the product.”

Steinmetz said more acquisitions are planned as Lankin continues to add staff and grow in size, but he wasn’t immediately able to provide details due to confidentiality agreements.