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Hospital Foundation Buys Vancouver Apartment Building in $100 Million Deal

Revenue from Complex and Care Facility To Be Funneled to Medical Centre
The VGH &amp; UBC Hospital Foundation acquired the 14-storey, 207-bed Windermere Care Centre, at<a href="https://product.costar.com/detail/all-properties/9674631/summary" target="_blank" link-data="{&quot;linkText&quot;:&quot; &quot;,&quot;link&quot;:{&quot;target&quot;:&quot;NEW&quot;,&quot;attributes&quot;:[],&quot;url&quot;:&quot;https://product.costar.com/detail/all-properties/9674631/summary&quot;,&quot;_id&quot;:&quot;0000018b-6672-d5c7-a9db-7efabe250000&quot;,&quot;_type&quot;:&quot;ff658216-e70f-39d0-b660-bdfe57a5599a&quot;},&quot;_id&quot;:&quot;0000018b-6672-d5c7-a9db-7efabe250001&quot;,&quot;_type&quot;:&quot;809caec9-30e2-3666-8b71-b32ddbffc288&quot;}"> </a>900 W. 12th Ave., and the 26-unit Demarco Manor apartments at<a href="https://product.costar.com/detail/all-properties/9674596/summary" target="_blank" link-data="{&quot;linkText&quot;:&quot; &quot;,&quot;link&quot;:{&quot;target&quot;:&quot;NEW&quot;,&quot;attributes&quot;:[],&quot;url&quot;:&quot;https://product.costar.com/detail/all-properties/9674596/summary&quot;,&quot;_id&quot;:&quot;0000018b-6672-d5c7-a9db-7efabe250002&quot;,&quot;_type&quot;:&quot;ff658216-e70f-39d0-b660-bdfe57a5599a&quot;},&quot;_id&quot;:&quot;0000018b-6672-d5c7-a9db-7efabe250003&quot;,&quot;_type&quot;:&quot;809caec9-30e2-3666-8b71-b32ddbffc288&quot;}"> </a>990 W. 12th Ave., for a total of $100 million. (CoStar)
The VGH & UBC Hospital Foundation acquired the 14-storey, 207-bed Windermere Care Centre, at 900 W. 12th Ave., and the 26-unit Demarco Manor apartments at 990 W. 12th Ave., for a total of $100 million. (CoStar)
CoStar News
May 11, 2022 | 12:52 AM

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The philanthropic foundation behind Vancouver’s largest hospital has purchased an apartment building and long-term care centre in the city, planning to eventually expand the medical centre to the sites.

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News | Hospital Foundation Buys Vancouver Apartment Building in $100 Million Deal