7350 MARKHAM RD, MARKHAM
EQUITY INVESTMENT: $7,180,000
TOTAL UNITS: Over 100 freehold townhomes
DEVELOPER PARTNERS: Tercot Communities Limited, Cityzen Development Group
Greybrook provided equity capital and ongoing asset management to purchase an interest in a property located in Markham, Ontario and fund the development of a residential townhome project on the acquired parcel. A townhome project was planned for the site, which is the last parcel of developable land within an existing fully established neighbourhood. The property is located near and provides convenient access to, major highways, shops, transit, parks and some of Ontario’s premier golf courses.
Greybrook and developer partner, Tercot Communities & Cityzen Development Group, have since divested 100% of their interest in the development.
COMPLETION VALUE*: $80,000,000
*Total completion value estimated at time of investment.