GreyBrook logotype
Contact Us

Greybrook Realty Partners Invests $12,775,000 in a Low-Rise Residential Development Project with Tribute Communities in Colgan, Ontario

日期:
July 5, 2016
分享:

Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $12,775,000 in equity to acquire and subsequently manage the development of a parcel of land located in Colgan, Ontario. The property is co-owned with Tribute Communities and is expected to be developed into a 307-unit low-rise residential community. The common intention of Tribute Communities and Greybrook is to develop the property in combination with a 199-acre parcel of adjacent land, located directly north of the site. This adjacent parcel was acquired by affiliates of Tribute Communities and Greybrook in 2015.  The development site, together with the previously acquired parcel, is expected to bring 622 new homes to the Colgan community.

Colgan is a growing region north of the Greater Toronto Area (GTA) and is next to the expanding community of Tottenham. Situated within one of the fastest growing regions in Ontario, South Simcoe County, the area has recently experienced strong residential housing demand with a year-over-year increase in home prices of 18.54%, according to the May 2016 Toronto Real Estate Board MLS Home Price Index. Demand for single-family homes in developing regions like Colgan has been driven in part by record low inventory levels and rising prices of single-family dwellings within the GTA that have priced many homebuyers out of the market.

“Expanding our footprint in Colgan with our partner Tribute Communities was an easy decision,” said Peter Politis, CEO of Greybrook Realty Partners. “This investment is in line with our focus on acquiring prime low-rise development assets across the Greater Golden Horseshoe region.  We see compelling reasons to grow our portfolio in this asset class as increasing affordability constraints and spatial preferences of many GTA buyers are fueling strong demand for ground-related housing in markets peripheral to the GTA. The imbalance in supply and demand that currently exists in the market provides a real opportunity for those who own attractive low-rise development opportunities in growing regions surrounding Toronto,” stated Mr. Politis.

This project represents Greybrook’s fifth co-venture with Tribute Communities. “Our strategic partnership with Tribute enables us to continue to shape the growth of communities that meet the real needs of a growing population,” commented Mr. Politis.

The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes over 800 acres of land in Southern Ontario.  The development of these properties is projected to result in the completion of over 4,000 single-family homes in the Greater Golden Horseshoe region.

Read the full release on the Globe Newswire site.

溯源

最新洞察力

Delos’ School Air-Quality Study Sheds Light on How to Protect Other Industries

Company News
November 30, 2021

The Well Living Lab, in collaboration with the Mayo Clinic and the University of Minnesota, performed a study to find out if adding portable air purification units would help to keep the air clean from viruses and other harmful airborne…

Greybrook Team Takes Part in Movember

Multi-media
November 29, 2021

Since inception, Movember has proudly welcomed more than five million supporters and has funded more than 1,250 innovative men’s health projects across 20 countries, raising awareness and donations for testicular cancer, prostate cancer, mental health and suicide prevention. With the…

Toronto Life Masterclass on Real Estate Investing Hosted by CEO Peter Politis

Insights
November 28, 2021

The Masterclass offered insights into the world of investing in real estate development, the current Toronto market, and the future of housing in the GTA. Listen to the full Masterclass below. The Masterclass discussed a variety of topics including what…

The House of Assembly Breaks Ground in Toronto’s Junction Triangle

Portfolio Updates
November 26, 2021

Peter Politis, CEO and Sarah Mansour, Executive Director of Strategy and Corporate Development at Greybrook Realty Partners joined our developer partner, Marlin Spring to celebrate this major project milestone and speak about the area’s exciting evolution and the future of…

Greybrook’s Christopher Kozub, Recognized as 2021 Lexpert Rising Star: Leading Lawyer Under 40

Company News
November 25, 2021

This year, Greybrook is pleased to announce that Christopher Kozub, Greybrook Securities Inc., General Counsel has been recognized as a Leading Lawyer Under 40 as winner of Lexpert’s 2021 Rising Stars Award. Finalists from law firms, in-house legal departments, government,…

Watch Canadian Business and Toronto Life Insider’s Fireside Chat with CEO Peter Politis

Insights
October 27, 2021

Watch the full virtual Fireside Chat below. During the discussion, Peter recounts the unique position Toronto is in for real estate investment opportunities, giving the city plenty of room for long-term sustainable growth. Ranking as one of the most livable…

Watch the Waldorf Astoria Residences Miami Project Film

Multi-media
October 22, 2021

Watch the short film below. Designed unlike anything built before in Miami, this luxury residential and hospitality tower will include a stack of nine offset glass cubes, replicating a freestanding sculpture in the sky. The design is led by concept…

Construction Progresses at Symphony Towns in Oshawa

Portfolio Updates
October 18, 2021

With phase I foundations and framing complete, the construction team has been hard at work beginning the drywall and interior finishing work. Alongside developer partner, Marlin Spring, the townhome project will bring over 200 beautifully designed homes to the heart…

Society Atlanta Makes Waves with Latest Announcement

Portfolio Updates
October 15, 2021

The exciting news was picked up by the Atlanta Business Chronicle, Atlanta Agent Magazine and REBusiness Online. Society Atlanta is the latest addition to our growing nation platform in partnership with PMG. With plans set for Atlanta our expanding portfolio…

Groundbreaking Held for Artistry Project in Downtown Toronto

Portfolio Updates
September 30, 2021

  Peter Politis, CEO of Greybrook Realty Partners and Jared Berlin, Executive Director of Greybrook’s Asset Management group joined our developer partners at Tribute Communities to celebrate this major project milestone and official construction kick off. Located in Downtown Toronto,…

所有出版物

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

Contact us