Origin Merchant Partners is pleased to announce that Woodbourne Canada Management Inc. (“Woodbourne”) has completed its acquisition of the assets of the Ontario Student Housing Portfolio.
Origin Merchant Partners acted as Financial Advisor to Woodbourne with respect to this transaction.
Woodbourne Canada Management Inc. is a leading developer and operator of, and investor in, high-quality apartments, senior housing communities and other multi-residential real estate assets in prime urban areas across Canada.
The Ontario Student Housing Portfolio is comprised of four properties spread throughout southern Ontario. Totaling 1,463 beds, the properties house students attending Queen’s University in Kingston, Georgian College in Barrie, and the University of Ontario Institute of Technology and Durham College in Oshawa. The portfolio seeks to capitalize on the lack of high-end purpose-built student housing located within close proximity to premier Canadian universities and colleges.