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Chartwell Provides Update on Strategic Growth and Financing Initiatives
Chartwell Provides Update on Strategic Growth and Financing Initiatives Canada NewsWire ...
About this update from Chartwell Retirement Residences
[{"type":"text","content":"\n\n\nChartwell Provides Update on Strategic Growth and Financing Initiatives\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nThis news release constitutes a \"designated news release\" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024, as amended by amendment no. 1 thereto dated August 7, 2025, to its short form base shelf prospectus dated April 30, 2024.\nMISSISSAUGA, ON, Oct. 16, 2025 /CNW/ - Chartwell Retirement Residences (\"Chartwell\") (TSX: CSH.UN) today provided an update on strategic investment and financing initiatives which include:\n\n\n\n\n\n\n\nCompletion of the previously announced acquisition of the 449-suite Les Tours Angrignon in Montreal, Quebec.Agreement to acquire the 238-suite Residence Panorama in Laval, Quebec.Agreement to acquire the 334-suite Residence Azalis in Repengtiny, Quebec.Agreement to acquire the 376-suite Residence L'Aubier in Levis, Quebec.Commencement of the development of the 111-suite Chartwell Kingsview Retirement Residence in Calgary, Alberta.Completion of $250 million raise through Chartwell's at-the-market (\"ATM\") equity distribution program.Completion of $87.0 million of new CMHC-insured financings.Morningstar DBRS change of trends on Chartwell to Positive from Stable and confirmation of investment grade rating.\"We are pleased to continue our strategic growth by acquiring modern, efficient, and highly desirable properties in dynamic urban markets at a significant discount to replacement costs,\" said Jonathan Boulakia, Chief Investment Officer of Chartwell. \"While we have been successful sourcing high quality acquisitions over the past 24 months, we have also been busy laying the groundwork to build an important pipeline of future acquisition opportunities, including through strategic development partnerships.\"\nCompleted Acquisition\nOn October 1, 2025, Chartwell closed the previously announced acquisition of Les Tours Angrignon in Montreal. The residence, which will be branded Chartwell Les Tours Angrignon, include...