Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $7,300,000. The equity will be used to acquire serviced lots located in Clarington, Ontario, on standard builder’s terms. Together with its developer partner, Treasure Hill, the firm will develop the land into a residential community consisting of 151 single-detached homes.
Located in Durham region, 75 kilometres east of Toronto, Bowmanville is the fastest growing residential community in the municipality of Clarington. Durham region continues to demonstrate it is one of the strongest markets in the Greater Toronto Area (GTA) as reflected in the significant appreciation of land values in recent years. The Municipal Property Assessment Corporation (MCAP) reported in December 2016, values across all major lot types in Durham region increased between 138 – 189% since June 2012.
Adjacent to recently built low-density residential neighbourhoods, the development site has easy access to Highway 401 and the future extension of Highway 407. The property offers a rare opportunity to acquire serviced lots in the GTA. “With the limited availability of serviced lands for ground-related housing, the acquisition of these construction-ready lots is expected to permit shortened timelines and in turn help address the GTA’s ever increasing housing challenges by delivering more product to market,” stated Jared Berlin, Director, Asset Management of Greybrook Realty Partners. “We are continuously seeking attractive opportunities to invest in areas with strong growth potential, and we are delighted with the addition of this asset to our investment portfolio.”
The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes several development properties that are projected to result in the completion of over 7,000 single-family homes in the Greater Golden Horseshoe region.
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…
Sasha Cucuz, CEO of Greybrook Securities, recently appeared in Episode #83 on the beyond MD podcast. Hosted by Dr. Yatin Chadha, a radiologist based in Toronto, this popular podcast aims to enhance financial literacy among Canadian professionals, namely physicians, dentists, and…
The advancement of vertical construction marks a significant milestone for the iconic Downtown Miami residence, which will set a new standard in luxury condominium living and architectural design in the renowned city. Beyond its striking 9-staggered cube silhouette, the one-of-a-kind…
We are delighted to announce the successful sales and closings of all residential and commercial inventory at our Stockyards District Residences. This achievement signifies a major milestone for the project. With only a limited number of parking spots and lockers…
As we reflect on the last year, we proudly celebrate our team’s achievements across our organization and diverse portfolio of over 110 projects. In 2024, we remained focused on driving progress and adapting to shifting market dynamics, demonstrating our commitment…
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…
This past fall, the 5th Annual Velo Blu charity ride for Blu Genes took place, bringing together over 140 participants and raising more than $400,000 for gene therapy research. Set at Peller Estates Winery, this unforgettable event highlighted the power of community…
Since its launch last October, the low-rise, master-planned community—developed in partnership with Tribute Communities—has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. Now, with the grand opening of the showhomes, buyers have the…
