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High Art Capital launches fund to acquire unsold condo units, convert them into rental housing

With an expected capitalization of $1.3 billion, fund aims to repurpose 2,200 units into rentals across Greater Toronto
The GTA Rental and Affordable Housing Initiative intends to convert 2,200 condo units into rental apartments. (CoStar)
The GTA Rental and Affordable Housing Initiative intends to convert 2,200 condo units into rental apartments. (CoStar)

A private real estate investment firm has launched a program to acquire unsold condo units across Greater Toronto and convert them into market-rate and affordable rental units, as the region works to address a lack of available housing.

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News | High Art Capital launches fund to acquire unsold condo units, convert them into rental housing