Renaissance Retirement Barrie, a division of Core Realty Partners Inc., recently closed on $2 million of Class A shares and finalized conversion of $4 million of Class B shares.
Renaissance Retirement will focus on the development of Senior’s Tailored Apartments — the fastest growing segment in the seniors housing real estate market. The Renaissance Retirement Barrie project is a 6.73-acre property located on Yonge Street at D’Ambrosio Drive, and will be redeveloped primarily into a mixed-use community with specific focus on retirees. The development is envisioned as a multi-phased project, with the intention of building at least 250 units of seniors-tailored apartments with concierge amenities.
Seniors-tailored apartments are an innovative, high-margin model — and the fastest growing segment — in retirement and seniors housing. Moreover, according to a study from CBRE, the City of Barrie has a substantial need for residences geared towards seniors. The Renaissance team is continuing to collaborate with top planners, architects and construction companies to optimize both land use and the project’s development strategy.
For more information, visit RenaissanceLiving.ca/Barrie
Securities offerings are made available through First Republic Capital, an exempt market dealer.