KingStreet Acquires 90% Interest in Senior and Independent Living Facilities

KingStreet Capital Partners announced on June 30, 2006 that it had acquired for its Real Estate Growth LP No. 2 a 90 per cent interest in four senior housing projects in a joint venture with Retirement Life Communities. The aggregate purchase price was $77 million. The portfolio consists of two existing facilities and two development projects located in Ontario.

Bennett Jones LLP represented KingStreet Real Estate Growth LP No. 2 with a team that included Paul Mantini, Simon Crawford, John van Gent and Tala Zarbafi.
Robert Miller and Katharine Ho of Chaitons LLP represented Retirement Life Communities. Richard Rotchtin of Fogler, Rubinoff LLP represented the vendor.