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Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
New REIT Stack briefings when they publish. No promotion. Unsubscribe anytime.
Vital Infrastructure completed its 33-property European exit to TPG Real Estate on June 30, closing the German leg after the Netherlands portfolio transferred in April.
Chartwell paid C$382.5 million for 30% of a C$1.275 billion, 2,943-suite Seasons portfolio it now operates — capping a deal-heavy June that followed a 52.4% Q1 FFO surge.
Chartwell raised its monthly distribution to $0.052 a unit after a strong quarter: same-property NOI rose 15.6% and revenue 24.4%, with seniors-housing occupancy back above 90%.
Vital Infrastructure is exiting continental Europe, selling a 33-property German and Dutch portfolio to TPG Real Estate for ~$145 million to cut leverage and redeploy into North America.