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SmartCentres and Mitchell Goldhar Announce Four Additional Retirement Residence Projects with Revera in Toronto and the Greater Toronto Area

SmartCentres And Revera LogosSmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN), the Penguin Group of Companies (“Penguin”) owned by Mitchell Goldhar, and Revera Inc., a leading Canadian senior living sector company, announced today that the three companies have executed four more conditional site specific joint venture agreements to develop and own retirement living residences in strategic urban locations.

Three of the four new locations are joint ventures between SmartCentres and Revera in Barrie (Collier and Owen), Markham (Main and Wilson) and Oakville (Garden Drive and Lakeshore Blvd.) and one of the four joint ventures is between Penguin and Revera in Toronto (Bathurst and Wilson). This is in addition to the previously announced three retirement residences’ joint venture projects between SmartCentres and Revera in Vaughan (2 projects) and Oakville.

Full Article: globenewswire.com


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