Chartwell Master Care LP in its acquisitions, for a total purchase price of $511 million Chartwell Master Care LP in its acquisitions, for a total purchase price of $511 million

On June 21, 2024, Chartwell Master Care LP announced its acquisitions, for a total purchase price of $511 million, of (i) a 100% ownership interest in a portfolio of five high-quality, modern retirement residences with 1,428 suites, located in the Greater Montréal area, Gatineau and Sherbrooke; and (ii) a 50% ownership interest in a portfolio of five high-quality, modern retirement residences with 1,805 suites located in the Québec City area and Shawinigan and the new joint venture established in connection with the latter acquisition.

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities from independent supported living through assisted living to long-term care. It is the largest owner and operator of seniors residences in Canada. Chartwell’s aim is to capitalize on the strong demographic trends present in its markets to maximize the value of its existing portfolio of retirement residences, and pursuing opportunities to grow internally and through accretive acquisitions.

Osler, Hoskin & Harcourt LLP advised Chartwell with a team consisting of Stefan Fews, Caroline Stephens and Vincent Brais (Real Estate).