Deal will bring $235m in net proceeds
The investment represents Equiton's third property in Alberta
The company is moving up its internalization timeline
Michelin expressed interest in owning the property two years earlier
Deal adds to firm’s portfolio in the GTA
The deal adds 544 suites to United’s portfolio
Fund is part of the firm’s equity program, which has raised more than US$126.9m
The new commercial division marks the firm’s entry into the market
The fund made $424m in new loans in the second half of 2024