Chartwell Retirement Residences (CSH-UN-T) has deals to acquire two seniors’ housing portfolios in Quebec for a total of $511 million, which will give it ownership interests over an additional 2,300 units.
Two huge seniors housing transactions helped buoy the commercial real estate market in Quebec, but transaction volumes in the province are expected to be down up to 40 per cent in 2023 according to data from CBRE Montreal.
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