TORONTO, April 16, 2019 (GLOBE NEWSWIRE) — Greybrook Realty Partners and Marlin Spring announced today the acquisition of a portfolio of rental properties in Ottawa, Ontario, and Gatineau, Québec. Entities jointly owned and controlled by Greybrook and Marlin Spring have purchased a portfolio consisting of 200 rental units in Ottawa and 320 rental units in Gatineau. Greybrook and Marlin Spring will oversee the execution of a value-add program which will involve in-suite renovations and common area improvements across both properties.
The Ottawa property is located close to the downtown core, Ottawa’s two major universities, with excellent transit and highway access, and will benefit from the continued gentrification of the surrounding neighbourhood. The Gatineau property is also well placed in close proximity to downtown Hull (Gatineau’s core business district) and downtown Ottawa, with access to schools, the Hull hospital campus and Gatineau Park.
“The Ottawa-Gatineau region is benefiting from accelerating population and labour market growth while the strong demand for rental has driven down the region’s vacancy rate over the past few years. This acquisition, at a price below replacement value, is in line with our principled acquisition protocol and accretive to our growing, diversified portfolio,” said Ben Bakst, CEO, Marlin Spring.
“Greybrook is very pleased to add these two properties to our growing multi-family investment portfolio, and we look forward to executing on a value-add program that will improve the quality of the apartments and facilities for the tenants,” said Sasha Cucuz, CEO, Greybrook Securities Inc.
Greybrook is pleased to announce the launch of its U.S. Multifamily Income & Growth Fund — an open-ended private real estate fund designed to provide investors with exposure to well-located, affordable, and attractively priced Class B multifamily assets across high-growth…
Greybrook recently hosted its 2026 town hall event, bringing the entire team together to reflect on the progress we’ve made, celebrate the people driving our success, and share a clear vision for the next phase of growth. This year’s gathering focused on the strength of our foundation…
As we continue to strengthen our foundation and build from a position of discipline and focus, we are proud to recognize the individuals who are helping drive that progress forward. We’re pleased to celebrate well-earned promotions across our team, honoring the dedication,…
With development activity slowing and capital becoming increasingly selective in today’s market, it’s more important than ever to sit down, cut through the noise, and have an honest conversation about what’s really happening on the ground. Last weekend, Greybrook Securities…
At Greybrook, 2025 was a year defined by leadership, perspective, and purposeful progress. Throughout the year, we remained at the forefront of industry conversations, helping to shape dialogue across the real estate and housing development landscape while continuing to execute…
Sasha Cucuz, CEO of Greybrook, joined Jake Cohen, President of Daniels Corporation, and Bob Blazevski, President and CEO of Blaze Urban, on the Toronto Under Construction podcast hosted by Ben Myers, President of Bullpen Research & Consulting Inc. The discussion…
We are pleased to announce that Elser Hotel & Residences in downtown Miami is now fully sold out. With its unique hotel-condo model, prime waterfront location, and expansive amenity platform, Elser has attracted exceptional demand across local, national, and international…
Following a well-received sales launch in October, the initial release of single-detached homes at Chateau 9 in Stouffville rapidly sold out, prompting the release of an additional wave of homes. To date, the community has achieved an impressive 91% sell-through…
From boardrooms to podcast studios, Greybrook Securities CEO Sasha Cucuz has been at the forefront of key discussions this past year, sharing his perspective on everything from the global economy to the local real estate market and long-term business strategy.…
On Friday, November 14, the City of Cambridge officially unveiled the newly renovated Preston Memorial Auditorium, marking an exciting completion of a transformative $33 million project that modernizes the beloved community facility while honouring its 1972 heritage. The revitalized facility features a…
