The value-add programs aim to enhance the quality and operation of each of the properties making them more energy efficient, enhancing common areas and the suites, and improving the financial performance of the assets.
In Canada, Greyspring’s portfolio includes 30 buildings in the Greater Montreal Area, with over 1,850 units under management at an estimated asset value of $480 million. In the US, Greyspring manages two garden-style apartment properties with a total of 566 units at an estimated asset value of US$90 million. Last year, over 250 suites across the Canadian portfolio were upgraded as part of our value-add programs, bringing the total number of value-added suites in the portfolio to over 800.
Greyspring Apartments is expected to add an additional 760 units across a portfolio of four buildings that are under contract to close in Q2 2023. Together these new acquisitions will bring Greyspring’s Canadian portfolio to 34 buildings and 2,600+ units with an estimated asset value of $610M. As part of our ongoing strategy, we have successfully sold five properties with a total 700+ units in Montreal, Quebec City and Ottawa-Gatineau.
The Greyspring Apartments team is dedicated to creating long-term value for its investors, tenants, and the communities in which we operate. By acquiring underperforming properties in strong rental markets, we can identify opportunities for growth and improvement. Our team’s extensive experience in real estate development and management allows us to leverage the team’s knowledge and expertise to maximize the potential of each asset.
Along with the latest acquisition, Greyspring has formed its own property management company, GMR Real Estate, that will have property management responsibilities for the 160 units we have more recently acquired and any future acquisitions.
Greybrook is actively evaluating multi-family value-add opportunities in several primary and secondary markets in the U.S. and Canada that meet our investment parameters for this asset class. One of our areas of focus in 2023 will be to provide our investors with new value-add investments that can generate strong returns with ongoing distributions and offer diversification into new markets and this asset class.
For this special episode of Boardroom Brief, we invite you to listen in on a timely fireside chat between Greybrook Securities CEO Sasha Cucuz and Doug Porter, Chief Economist at BMO Financial Group. The conversation took place live at Greybrook’s…
Last Thursday, Greybrook hosted its 2025 Perspectives & Insights event, bringing together investors for an evening dedicated to unpacking critical economic trends and their implications for real estate and investment strategies. Doug Porter, Chief Economist at BMO Financial Group, served…
On April 3rd, Toronto’s premier real estate networking event, Leaders Lounge 2025, brought together some of Toronto’s most influential industry leaders for an unforgettable evening of insights, conversation, and collaboration. Hosted by UJA and Toronto Real Estate Leaders, the invitation-only…
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,850,000 to acquire and oversee the development of a prime parcel of land located west of Yonge Street on Berwick Avenue, immediately…
Uncertain market conditions continue to be a consideration for business owners and investors alike, encouraging many to reassess their strategies and prioritize core strengths while identifying opportunities for long-term success. In the latest episode of The Well Off Podcast, Alex…
Uncertainty dominates today’s headlines – from economic volatility to geopolitical tensions – and the real estate market is no exception. Developers and investors alike are navigating rising costs, evolving policies and shifting buyer behaviours in an environment where adaptability is…
At Greybrook, we are proud to recognize and celebrate the extraordinary women who have played an integral role in shaping our organization. This year, in honour of International Women’s Day and Women’s History Month, the women at Greybrook came together…
At Greybrook, we recognize the importance of contributing to the communities where we live and work. Recently, our team had the opportunity to come together to volunteer at The Common Table, a Toronto-based drop-in program that provides meals, essential support…
The prospect of a trade war that could disrupt the North American economy is on hold – for now. U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days, easing immediate concerns…
The Elser Hotel & Residences continues to meet the demand of Miami’s evolving real estate market, with over 95% of its units now sold. Its exceptional amenities, prime location, and attractive hotel rental model remain key drivers, drawing discerning owners…
