Login

RioCan to sell several apartment complexes as landlord exits residential

Toronto-based REIT says it has 'considerable interest' in its other multifamily assets
RioCan REIT sold its stake in Strada in Toronto as part of its plan to exit the apartment market. (CoStar)
RioCan REIT sold its stake in Strada in Toronto as part of its plan to exit the apartment market. (CoStar)

RioCan is moving forward on its plans to dispose of its residential holdings as Canada's oldest real estate investment trust said it reached an agreement to sell its 50% interest in several residential apartments.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE