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RioCan Offers Institutional Investors 80% of Toronto Mixed-Use Development

REIT Sells Off Stake in Two-Tower Verge Condos for $30.4 Million
Construction of Toronto's Verge Condos is expected to begin in August. (RioCan)
Construction of Toronto's Verge Condos is expected to begin in August. (RioCan)
CoStar News
June 28, 2021 | 10:25 P.M.

RioCan is turning to institutional investors to develop its mixed-use residential condominium projects, a move the real estate investment trust said will provide it with additional sources of capital and alternative income streams.

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