Chartwell adds Oakville retirement residence to its growing portfolio for $43 million

Chartwell Retirement Residences closed on its acquisition of Palermo Village Retirement Residence, located at 3136 Dundas St. W. in Oakville, Ontario, from Fram + Slokker for $43 million, or approximately $371,000 per suite. The purchase is part of Chartwell’s ongoing strategy to expand its presence in strong Canadian markets.