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Crown Acquires 2630 and 2680 Skymark Avenue, Mississauga
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MIL-OSI: Crown Acquires 2630 and 2680 Skymark Avenue, Mississauga
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TORONTO, April 12, 2021 (GLOBE NEWSWIRE) Crown Realty Partners ( Crown or the Partnership ) announced today that Vestcor Inc. ( Vestcor ) has acquired a minority interest in Crown Realty Partners on behalf of a number of its long-term investment clients.
Crown is an integrated commercial real estate investment and management firm focused on value-add opportunities across Canada, with over two billion dollars of real assets under management. Vestcor is a New Brunswick based investment manager and pension and employee benefits administrator with approximately $19 billion in assets under management.
The majority of Crown s shares continue to be held by Crown s operating partners who oversee all activities of the Partnership: Jamie Christie, Mark Dimmell, Emily Hanna, Les Miller, Gary Summers and Scott Watson.
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On February 9, 2021, Crown Realty Partners ( Crown )
announced that it had launched its fifth value-add fund, Crown
Realty V Limited Partnership ( Fund V ), and completed
its first closing with $140 million of commitments from both
institutional groups and family offices. The fund expects to
complete its final closing later this year.
Crown is an integrated commercial real estate investment and
management firm focused on value-add opportunities across Canada,
with over two billion dollars of real assets under management. Fund
V will focus on commercial real estate assets located within
A Toronto-based real estate firm with a growing portfolio in Ottawa has launched a new fund with the aim of expanding its footprint in both Ontario markets.
Crown Realty Partners said this week the fund has closed its first round of financing with more than $140 million worth of commitments from institutional investors and family offices. The company said the fund expects to complete its final closing later this year.
The firm said its latest fund will focus on commercial real estate assets in Canada’s “primary office markets,” particularly the Greater Toronto Area and the National Capital Region.
Acknowledging the “disruption and hardship the pandemic is causing for businesses and their employees,” Crown Realty managing partner Les Miller said in a statement he is “confident” the company’s investments will pay off in the long term.
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