GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $23,575,000 in a Low-Rise Residential Development Project with Treasure Hill in Markham, Ontario

Date:
June 13, 2017
Share:

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $23,575,000 to acquire and oversee the development of a prime parcel of land located in Markham, Ontario. Together with its developer partner, Treasure Hill, the firm will develop the land into a residential community consisting of 150 townhomes.

Situated in the highly-coveted Wismer Commons neighbourhood of Markham, the 9.3-acre development site is draft plan approved, with sales expected to commence this year. “We expect that the advanced state of approvals and swift project timeline will allow us to provide urgently-needed low-rise housing product to fulfill current market demands,” stated Jared Berlin, Director of Asset Management, Greybrook Realty Partners. “This development is a great opportunity for our investors to acquire a relatively short-term investment in a rapidly growing city and region.”

Located 30 kilometers northeast of downtown Toronto, the City of Markham is a Canadian high-tech centre and the 16th largest municipality in the country, according to the city’s Department of Culture and Economic Development. Demand for housing in the city continues to drive up pricing. According to the Toronto Real Estate Board, home prices in the City of Markham increased 28% year-over-year between May 2016 and May 2017. “As Markham’s quality of life, convenient access to exceptional urban amenities, recreational and cultural attractions, and premier post-secondary education and healthcare services continue to attract residents, we will continue to explore investment opportunities in this diverse region,” noted Berlin.

Read the full release on Globe Newswire.

Latest Insights

The Regional Municipality of Durham – A Region on the Rise

Insights
November 30, 2022

Greybrook has been investing in the growing region since 2017 and is continuing to actively evaluate both low-rise and high-rise investment opportunities to meet the needs of Durham Region’s growing population. Click here to view Greybrook’s portfolio in Durham Region…

An Inside Look at The Elser Hotel & Residences Miami

Multi-Family
November 29, 2022

On November 17th the Development Team celebrated the official launch with a ribbon-cutting ceremony that also marked the launch of the hotel component at The Elser alongside our partner, PMG, and industry leading hospitality management company, Highgate. The hotel welcomed…

Construction Progress Continues at 181 East in Toronto

November 28, 2022

With excavation now complete and the first of two cranes erected, the construction team is now pouring the ground floor on the western portion of the site and expects to have the underground garage fully formed up to grade in…

Greybrook CEO Peter Politis Featured Guest on the CashFlow Pro Podcast

Uncategorized
November 21, 2022

Watch the episode below. In the episode titled “Real Estate Investing in Development”, Peter discusses Greybrook’s Society Living platform to an engaged audience of hands-on real estate investors. He shares the unique selling proposition of this national platform – affordable…

Velo Blu Pedal for Blu Genes Charity Ride Raises Over $430,000

Uncategorized
November 15, 2022

Watch the 2022 Velo Blu Highlight Video What started as a personal mission to find a cure for a rare and fatal genetic disorder called Tay-Sachs disease soon became a larger vision of raising funds and awareness to advance gene…

Greybrook and PMG Secure $182M in Construction Financing for Society Atlanta Mixed-Use Project

November 4, 2022

Greybrook and PMG have secured $182 million in construction financing for Society Atlanta, a 460-unit mixed-use project located at 811 Peachtree St NE. A major U.S. life insurance company and Related Fund Management provided the loan with the transaction brokered…

Avenue and Park Receives Registration and Retail Officially Opens

Portfolio Updates
November 2, 2022

Over the summer months, we welcomed our first residents to their new homes in the 7-storey condo development and in late September, the ground retail space become fully operational with the Beer Store’s official opening. The newly open Beer Store…

Greybrook Hosts Annual Inside Track Event

Company News
October 31, 2022

Watch highlights from Inside Track 2022 The evening began with Sasha Cucuz, CEO, Greybrook Securities Inc. introducing our keynote speaker, CIBC’s Deputy Chief Economist, Benjamin Tal, who shared his expert insights on the Canadian economy and a look at the…

Greybrook CEO Sasha Cucuz Featured Guest on The Canadian Real Estate Investor Podcast

Multi-media
October 26, 2022

Listen to the episode below. The episode titled “Invest Without Owning Real Estate”, featured Sasha sharing his perspective on what factors all investors should be considering when investing in real estate development and how to best mitigate risk in this…

Society Wynwood Continues to Take Shape in Miami

Multi-Family
October 24, 2022

As concrete pours continue for the full structure, our construction team has started framing individual units on the lower levels since September. Masonry, window installation, and mechanical, electrical, and plumbing have also begun on the lower levels and will continue…

All Publications

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

Contact us