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Marking the third GTA deal involving a church in past two months
An institutional capital partner has been secured
The property had been distressed
Portofino Suites was picked up by a local firm
Marking the second-largest industrial deal in Burnaby this year
The buyer has been active across asset classes in the region
The agency has committed $25bn+ in loans through its apartment-development program
3NP paid more than $70m for the two-building complex
An outright sale could fetch around $25m