One of Canada's largest retail real estate investment trusts has signed a joint-venture deal with a major senior living sector provider, a move industry watchers say is a sign of the times for aging power centres and malls.
Toronto-based SmartCentres REIT, the Penguin Group of Properties - which is owned by the REIT's largest shareholder Mitchell Goldhar - and Revera Inc., have agreed to a joint venture to develop new retirement living residences...
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