Chartwell Retirement Residences (TSX: CSH.UN) entered into a definitive agreement to acquire the 109-suite Wedgewood Retirement Resort at 15 Market St. E in Brockville, Ontario for $37.1 million, or approximately $340,000 per unit.
In addition, Chartwell will acquire a half-acre site of developable land that can accommodate an additional 40 residences.
Constructed in 2007, Wedgewood features a dedicated assisted living floor as well as a commercial...
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