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Chartwell Retirement Residences (TSX:CSH.UN) Valuation Check After Fengate Joint Venture And Palermo Village Acquisition
What the Fengate joint venture means for Chartwell investors
Chartwell Retirement Residences (TSX:CSH.UN) has closed a joint venture with Fengate Asset Management, taking a 30% stake in 23 seniors housing communities across three provinces and assuming operational management of the entire portfolio.
The trust is also set to acquire Palermo Village Retirement Residence in Oakville, Ontario. This acquisition, together with the Fengate portfolio, expands its presence across key Canadian markets...