BayBridge Seniors Housing to Buy Amica Mature Lifestyles

BayBridge Seniors Housing, owned by the Ontario Teachers' Pension Plan, has reached a deal to acquire Vancouver-based Amica Mature Lifestyles, which develops, owns and manages 26 seniors residences in Ontario, B.C. and Alberta, including Amica at the Balmoral Club in Toronto. BayBridge owns and operates 41 senior living communities, with 35 in Canada, six in the US and six more under construction. Canada Pension Plan Investment Board and Health Care REIT announced last month a JV for a US$449M medical office building portfolio in Southern California, most within Beverly Hills' Golden Triangle district.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Welltower Stock Slumps Despite $21B Buying Spree, Soaring Income

REITs' Share Of Senior Housing Deals Has Doubled. Will Development Follow?

Brookdale Senior Living To Buy 30 Communities It Operates From Welltower For $290M

Fund Affiliated With Michael Dell Takes $1B Swing At Senior Housing

Inside CareTrust's £1.1B UK Deal: How U.S. Investors Conquered Care Homes

National Healthcare Properties To Sell 40 Outpatient Medical Facilities, Exit Sector

Active Adult Communities Face An Occupancy Dip. Better Tech Could Help Them Stand Out

Clopen Capital Wins Planning For €115M Senior And Healthcare Living Scheme

American Healthcare REIT On A $1.5B Senior Housing Buying Spree

Senior Housing Shortage Projected To Hit A Million Units

Senior Housing Buyers Are Paying Up, But Sellers Still Need Convincing

With Illinois' Senior Population Set To Grow By 40%, Developers Are Facing A Financing Puzzle