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Lankin Investments acquires Ottawa multifamily tower for $72 million

GWL Realty Advisors sells 258-unit rental building
The 15-storey rental tower at 1551 Lycee Place in Ottawa traded to Lankin Apartment REIT in an investment sale. (CoStar)
The 15-storey rental tower at 1551 Lycee Place in Ottawa traded to Lankin Apartment REIT in an investment sale. (CoStar)
By Darrell Clark with
CoStar Research
June 23, 2026 | 8:14 P.M.

Lankin Investments, a Vaughan, Ontario-based real estate asset management firm that acquires and operates multifamily rental properties, has acquired The Riverside 1551, a 15-storey, 258-unit rental apartment tower located at 1551 Lycee Place in Ottawa.

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