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Chartwell Sells 14 Residences


The buyer is a mystery, but Chartwell Retirement Residences has unloaded a non-core portfolio of 14 retirement residences across Ontario for $65.9M. Prez Brent Binions says the sale follows its strategy of divesting assets like these. The portfolio includes Toronto’s Millwood Retirement Residence and Teddington Park Retirement Residence, as well as Willoughby Manor Retirement Residence in Niagara Falls, above.