Réseau Selection Expands Presence in Greater Montréal Réseau Sélection has acquired three independent living communities in the Greater Montréal area, giving the company more than 40 residences in the region. Réseau acquired the three properties—Cherbourg I and Cherbourg II of the municipality Brossard and Le Graham in the Town of Mount Royal—from Prével Retraite and the Fonds immobilier de solidarité […]
Réseau Sélection
Senior housing oversupply is putting pressure on providers in some major metros across the United States. North of the border, the story is a little different: Supply is not keeping up with demand in some of Canada’s largest markets. In the province of Ontario, the vacancy rate for senior housing and care spaces has declined to […]
Sélection Panorama, a 30-story senior housing project currently under construction near Montreal, Quebec, is noteworthy for being the tallest senior housing tower in Canada—but that’s not all. It’s impact will extend far beyond Canada, according to Gaëtan Cormier, the senior vice president of development at Quebec-based senior housing company Réseau Sélection, which is developing the project. Réseau Sélection is […]
Kindred to Sell 12 LTAC Hospitals in Agreement with Ventas Kindred Healthcare, Inc. (NYSE: KND) has entered into a definitive agreement to sell 12 long-term acute care (LTAC) hospitals to Curahealth, LLC, an affiliate of a private investment fund sponsored by Nautic Partners, LLC, for $27.5 million. In connection with the sale of the hospitals, […]
Réseau Sélection Acquires Three Residences, Eyes New Markets Réseau Sélection, the largest private sector owner, operator, buyer and developer of retirement communities in Quebec, announced that it has acquired three prestige properties in the Greater Montreal area: the residences previously managed by Symphony in the West Island and in Nun’s Island, and the residence Vista […]
A Quebec-based developer and manager of 26 retirement complexes has unveiled a five-year investment plan valued at $2 billion that will build 30 new residential complexes for seniors in the Greater Montreal region. Speaking last week at the Board of Trade of Metropolitan Montreal’s strategic forum on major real estate projects, Réseau Sélection’s CEO Réal […]