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.
Alex Nisenker, Vice President of the Private Capital Markets Group at Greybrook, recently appeared on The Well Off Podcast, one of Canada’s go-to shows for real estate investors looking to build and scale their portfolios. Hosted by Ontario investor and…
Governments have introduced a meaningful package of housing incentives — but the real question is whether they are enough to unlock pent-up demand and development, or if the market resets at a new equilibrium. Recent measures, including Ontario’s HST holiday,…
We’re pleased to share the strong market response to Château 9, one of our latest active townhome communities in partnership with Treasure Hill. This past weekend’s launch event brought together prospective homeowners and the broker community for a firsthand look at the…
After more than a decade of investing in and managing multifamily assets across multiple market cycles in Canada and the U.S., our team has built deep in-house expertise and experience spanning ground-up development through to operational management and value creation.…
Markets are evolving, and Greybrook is responding with discipline and focus. In our first Boardroom Brief episode of the year, Alex Nisenker sits down with Greybrook CEOs Sasha Cucuz and Peter Politis to discuss how we are positioning our platform…
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…
