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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, January 5, 2016

Canada pension plan adds huge real estate investment to portfolio

The Canada Pension Plan Investment Board has entered into a joint venture to purchase student housing properties in the United States for a total of US$1.4 billion.

The deal would see CPPIB and global investment firm GIC each own a 47.5 per cent stake in University House Communities Group.

The Scion Group, a U.S. owner and operator of student housing communities, would own the remaining five per cent and manage the properties.

The joint venture entity, called Scion Student Communities LP, is set to buy the portfolio of student housing properties from InvenTrust Properties Corp.

It includes 18 existing communities and four that are in development _ a total of nearly 13,000 beds.

The deal is expected to close in mid-2016.

``The UHC portfolio represents a valuable opportunity to enter the U.S. student housing sector with top-tier, well-located assets,'' Peter Ballon, managing director and head of real estate investment in the Americas for CPPIB, said in a statement Monday.

MBN

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