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Black Ridge buys Cornwall, Ontario, apartment portfolio from Devcore

Kevin Hazout-led firm acquires 394-unit multifamily portfolio for $63.1 million
These apartments at 422-424 Second St E in Cornwall are the largest of the multifamily portfolio purchased by Black Ridge. (CoStar)
These apartments at 422-424 Second St E in Cornwall are the largest of the multifamily portfolio purchased by Black Ridge. (CoStar)
By Crystal Campanella
March 3, 2026 | 4:46 P.M.

Black Ridge, a Montreal-based private real estate investment and management company founded by Kevin Hazout, acquired a 394-unit multifamily portfolio in Cornwall, Ontario, from Devcore Group for just over $63 million, or about $160,216 per unit.

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News | Black Ridge buys Cornwall, Ontario, apartment portfolio from Devcore