Forest Gate adds key Toronto buildings to the real estate portfolio while promoting its real estate development arm

VAUGHAN, ON, November 3, 2021 / CNW / – Forest Gate Advisors Inc. (“Forest Gate”) announces today that it has acquired 134 apartments in City of Toronto from an institutional investor, a step that is part of the company’s goal of seeking premium risk – adjusted returns while helping to build prosperous communities.

189 Cedarvale Avenue, Toronto (CNW Group / Forest Gate Advisors Inc.)

189 Cedarvale Avenue, Toronto (CNW Group / Forest Gate Advisors Inc.)

An acquired building is located in the Danforth-Woodbine neighborhood at the east end of the city: a 78-unit apartment on 189 Cedarvale Avenue near the TTC and GO train stations and Michael Garron Hospital. The other is in the Kingsway neighborhood on Toronto west side: a 56-unit building at 4875 near Dundas Street West Islington tube station, Islington Golf Club and Tom Riley Park.

“We aim to acquire more than 1,000 units each year, and are very pleased to add these two exceptional and well-managed buildings to our growing multi-family platform,” said Daniel Marinovic, CEO of Skovport.

At the same time, the company is building several business areas, including property development.

“When it comes to The forest gate development company, we are excited about the progress that has been made and how it has been received over the last eight months, “says Marinovic.” This is an important part of our mission to support Ontario communities with new, much-needed housing supplies. “

Since it was launched in March 2021, Skovport has actively acquired multi-family houses as well as properties with future development potential across asset classes and markets. It places particular emphasis on development opportunities that can help strengthen the housing supply in southern Ontario.

Keep an eye out for more housing related announcements from Skovport in the coming months.

About Skovport

Skovport is a private equity, private debt and real estate advisory investment company recently founded by industry leaders with extensive backgrounds in investing, developing and managing across all real estate asset classes.

4875 Dundas St.  West, Toronto (CNW Group / Forest Gate Advisors Inc.)

4875 Dundas St. West, Toronto (CNW Group / Forest Gate Advisors Inc.)

Forest Gate logo (CNW Group / Forest Gate Advisors Inc.)

Forest Gate logo (CNW Group / Forest Gate Advisors Inc.)

SOURCE Forest Gate Advisors Inc.

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