Crestpoint partnered on the deal
The stabilized portfolio value is anticipated to be $1.1bn
The Wallaceburg Inn previously operated as a Days Inn
Lot can be used to build a 20-storey project
Approved for 80 units on Dundas Street West
The sale includes over a half-acre of land with development potential
The buyer was G2S2 Capital
The purchase price was $10.5m
Veteran joins from CDPQ