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Morguard Announces Strategic Relationship with TD Asset Management on Multi-Suite Residential Real Estate Portfolio
Morguard Announces Strategic Relationship with TD Asset Management on Multi-Suite Residential Rea...
About this update from Morguard Real Estate Investment Trust
[{"type":"text","content":"\n\n\nMorguard Announces Strategic Relationship with TD Asset Management on Multi-Suite Residential Real Estate Portfolio\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\n\nCanada NewsWire\n\n\nMorguard to acquire a $1.0 billion interest in a $5.0 billion residential portfolio and assume property and asset management responsibilitiesMISSISSAUGA, ON, Feb. 25, 2026 /CNW/ - Morguard Corporation (\"Morguard\") (TSX: MRC) and Morguard North American Residential REIT (\"Morguard Residential REIT\") (TSX: MRG.UN), today announced that Morguard and Morguard Residential REIT have jointly agreed to invest $1.0 billion in a Canadian multi-suite residential real estate portfolio currently owned by TD Asset Management Inc. (\"TDAM\"). This represents an approximate 20 percent undivided interest in a portfolio of 106 properties valued at approximately $5.0 billion.\nThe strategic relationship with TDAM includes the transition of property management responsibilities for the portfolio to Morguard, establishing a significant institutional management mandate. The partnership combines a meaningful ownership interest with joint asset management responsibility across the portfolio.The geographically diversified portfolio comprises more than 15,500 suites across properties located in major urban and suburban markets across Canada, consisting of 36% in the Greater Toronto-Hamilton Area, 19% in Southwest Ontario, 13% in Ottawa and additional scale in Alberta (12%), Quebec (12%) and Nova Scotia (8%). The assets are located in well-established rental markets supported by population growth and long-term housing demand. The portfolio also includes a select number of newly delivered and in-progress rental developments, which provide embedded growth and support ongoing asset modernization.\"This transaction represents significant growth in Morguard's residential services, enabled by our depth of experience and success as an asset and property manager for institutional-quality multi-suite residential communities,\" said Angela Sahi, President and Chief Executive Offi...