GreyBrook logotype
Investor Login Contact Us

Greybrook Closes a $4,385,000 Equity Financing for a Mid-Rise Condominium Development with Stafford Developments

Date:
July 6, 2015
Share:

TORONTO, Ontario – July 6, 2015 – Greybrook Securities Inc. and Greybrook Realty Partners Inc. are pleased to announce the successful closing of a $4,385,000 equity private placement of units of the Greybrook 181 Sheppard East Limited Partnership.

Proceeds from the private placement will be used to purchase an interest in a property located at 181 Sheppard Avenue East, Toronto, Ontario and fund the development of a 152-unit mid-rise condominium project on the acquired parcel.  The development will be conducted in collaboration with Stafford Homes. The property is adjacent to a parcel of land that is jointly owned by an affiliate of Greybrook Realty Partners and a company within the Stafford Developments group of companies (Stafford Developments) and will now be part of a larger mixed use development.  The project site is located within the Willowdale neighbourhood of Toronto. Willowdale is a bustling urban centre that is interspersed with luxury condominiums, shopping centers, parkettes and playgrounds.  The neighbourhood is also home to a world class aquatic centre and the highly acclaimed Centre for the Performing Arts.

Stafford Developments is a private property development company which has been carrying out land development and construction projects in Canada and the United States for 50 years. The Stafford team has experience with virtually every type of real estate development, including master-planned mixed-use corporate parks, speculative office and industrial complexes, retail shopping centres, multi-family residential towers and single family homes.

“This purchase represents a strategic acquisition for Stafford Homes and Greybrook. We quickly seized the opportunity of this value-add acquisition to expand our redevelopment site at 179 Sheppard Avenue East by acquiring the adjacent land at 181 Sheppard,” said Greybrook Securities CEO, Sasha Cucuz. “With nearly one acre of land stretching all the way to the corner of Sheppard Ave and Willowdale we now have the opportunity to create a residential and retail development of substantial consequence that will transform this corner of the City.”

Greybrook partners exclusively with top-tier developers and has built strong relationships based on trust and success. “We have worked with Greybrook Realty Partners on a number of projects and have always been pleased with the integrity of their process, their professionalism and ability to deliver on their commitments.” said, Gary Goldman, President of Stafford Developments.

About Greybrook Realty Partners Inc. and Greybrook Securities Inc.

Greybrook Realty Partners offers investors the unique ability to partner with top-tier North American real estate developers and share in their value creation activities.  In addition, Greybrook Realty Partners provides asset management and advisory services to investors and landowners, respectively.  Greybrook Realty Partners and its affiliates have been involved in the creation, development, construction and management of over 50 real estate projects which are expected to result in the development of over 14,000 residential units.  Greybrook Securities, an exempt market dealer (registered in Ontario and certain other provinces) related to Greybrook Realty Partners, offers qualified investors the opportunity to participate in the securities offerings organized by Greybrook Realty Partners.   

This news release contains forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise.

For further information:
Greybrook Realty Partners Inc.
Sarah Mansour, VP Marketing
E: sarah.mansour@greybrook.com
T: 416.322.9700 x551

Latest Insights

Greybrook Realty Partners Invests $22,470,000 in a Residential Development Project in Brantford, Ontario

Company News
June 19, 2025

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,470,000. This investment will support the acquisition and management of a development spanning 150 projected net developable acres, located south of Tutela…

Boardroom Brief: EP. 08 – Investing With Geographic Perspective

Insights
June 16, 2025

What happens when strong long-term fundamentals are met with short-term economic headwinds? In the latest episode of Boardroom Brief, we explore how Greybrook is navigating the delicate balance between opportunity and caution in today’s dynamic real estate landscape. Greybrook Securities…

John Huffman speaking at the PCMA Annual Conference 2025

Beyond Headwinds: Unpacking Canadian Real Estate Opportunities at PCMA 2025

Community
June 16, 2025

The recently hosted PCMA 2025 Annual Conference – Canada’s premier event for private investment leaders – served as a critical forum for dissecting 2025’s complex real estate landscape. As a conference sponsor and featured panelist, our firm was proud to have…

From Boardroom to Ballpark: Greybrook Celebrates Summer Social 2025

Culture
June 9, 2025

This year’s Summer Social was a home run! Held in the TD Executive Lounge at Rogers Centre, the Greybrook team came together to enjoy an afternoon of baseball, camaraderie, and celebration as we cheered on the Toronto Blue Jays. Highlights…

Greybrook Team Pedals to Support 4th Annual Baycrest Bike for Brain Health

Community
June 2, 2025

This past Sunday, members of the Greybrook team proudly participated in the 4th annual Baycrest Bike for Brain Health charity event, riding along the Don Valley Parkway and Gardiner Expressway to help raise awareness for brain health. As Canada’s largest…

Greybrook and PMG Celebrate Topping Off of Society Las Olas Phase II

Portfolio Updates
May 16, 2025

Greybrook and our partner PMG, are pleased to announce the topping off of the second phase of Society Las Olas, a 563-unit, 42-story apartment tower in Downtown Fort Lauderdale. Located at 140 SW 2nd St., Society Las Olas is a…

Boardroom Brief: EP. 07 – BMO Chief Economist Douglas Porter on Post-Election Forecasts, Trade Tensions & Canada’s Housing Market Outlook

Insights
May 8, 2025

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 Douglas Porter, Chief Economist at BMO Financial Group. The conversation took place live at Greybrook’s…

Navigating Uncertainty: Key Insights from Greybrook’s 2025 Investor Event

Insights
May 5, 2025

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…

Leaders Lounge 2025: Toronto’s Real Estate Leaders Gather to Chart the Future

Community
April 24, 2025

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 Invests $22,850,000 in a High-Rise Residential Development Project with Stafford Homes in Toronto, Ontario

Company News
April 23, 2025

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…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us