RioCan Living Rental Apartment Towers
Sector: Residential • Location: Toronto, Ontario, Canada
Source: The Globe and Mail
RioCan Real Estate Investment Trust launched its Living division in 2018 to build rental apartment towers as a diversification from its retail portfolio. The project aimed to develop new, durable purpose-built rental apartments with luxury amenities to attract tenants willing to pay premium rents. However, in May 2025, RioCan announced plans to sell its existing buildings and largely exit resident
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | partially exited |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | RioCan Real Estate Investment Trust launched its Living division in 2018 to build rental apartment towers as a diversification from its retail portfolio. The project aimed to develop new, durable purpose-built rental apartments with luxury amenities to attract tenants willing to pay premium rents. However, in May 2025, RioCan announced plans to sell its existing buildings and largely exit residential development, citing challenges in attracting institutional investors due to low returns and falling rents, especially in Toronto and Vancouver. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |