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LATEST NEWS

Updates from across our portfolio. Check this page regularly to stay up to date on what's happening at Stormont.

STORMONT HAS BEEN WORKING TO SUPPORT STARLIGHT’S UK MARKET ENTRY, AS IT INCREASES ITS PRESENCE IN KEY GROWTH MARKETS

November 21, 2024

Starlight’s UK Build-to-Rent strategy is gaining a lot of momentum with three high quality acquisitions.

GLENGARRY FARM FINANCE SECURES C$6OM INVESTMENT TO BRIDGE CANADA'S PRIVATE DEBT FINANCING GAP

October 7, 2024

In a show of strength for Canada’s private sector financing, Glengarry Farm Finance, an alternative lender to the ag industry owned by merchant bank Stormont Partners, has struck a key partnership.

STORMONT ACTS AS EXCLUSIVE FINANCIAL ADVISOR TO INDIGO GROUP ON FIRST-OF-ITS-KIND TRANSACTION IN PARKING SEGMENT

March 25, 2024

Stormont advises INDIGO Group on the successful formation of a joint-venture partnership with Ardian to create Clermont, a new venture to accelerate growth in Canada's parking market. Initially seeded by Indigo’s Canadian-owned properties, the newly formed entity will invest in the acceleration, digitization and sustainability of the parking and mobility sectors through the acquisition of new parking assets, leases and concessions in urban centres across Canada.

THERE IS JUST NOT ENOUGH MONEY TO SOLVE CANADA'S HOUSING CRISIS

December 1, 2023

Taking a realistic look at Canada's housing crisis and the 3.5 million more units needed to restore affordability, Greg Kalil, founder and managing partner of Stormont Partners, joins BNN Bloomberg and says it is obvious we won’t hit our housing targets by 2030, and simply not having enough money is one of the many reasons holding us back.

GREG KALIL ON CANADA'S HOUSING CRISIS

November 30, 2023

Greg Kalil joins 630 CHED radio in Edmonton and QR radio in Calgary with Shaye Ganam regarding Canada's housing crisis.

OPINION: WE SIMPLY DON'T HAVE ENOUGH MONEY TO SOLVE CANADA'S HOUSING CRISIS

November 28, 2023

It is now widely understood that Canada’s housing market is critically undersupplied. A 2022 study by Canada Mortgage and Housing Corp. reported that the country will need to produce 3.5 million more housing units than are currently in the delivery pipeline by 2030, to restore housing affordability. Yet it is obvious that we will not be able to correct this situation by 2030, and probably not even by 2040.

TAKE A REALISTIC LOOK AT CANADA'S HOUSING CRISIS

November 28, 2023

An article by Greg Kalil on the housing crisis in Canada was published in the Globe and Mail. The full piece, as written by Greg, is shared below.

STORMONT ADVISES ON BRAND NEW INDIGENOUS HUB WITH ANISHNAWBE HEALTH TORONTO

September 29, 2023

Stormont advises Anishnawbe Health Toronto on this complex joint venture with Dream Kilmer. As part of its commitment to volunteerism and philanthropy, Stormont is waiving all advisory fees. We are proud to play a role in helping this landmark indigenous project succeed.

STORMONT SUPPORTS STARLIGHT INVESTMENTS AS IT SECURES A CONSTRUCTION LOAN FOR ITS LIVERPOOL BTR SCHEME

September 19, 2023

The strategy aims to target Build to Rent projects across major UK cities and London commuter belt markets, with an initial goal of acquiring approximately £600m worth of assets.

STORMONT ADVISES REVERA ON THE SALE OF ASSETS AND WIND DOWN OF ITS CANADIAN LTC OPERATIONS 

August 1, 2023

Extendicare Inc. announced that it has completed the previously announced transactions with Revera Inc. and its affiliates in respect of the ownership, operation and redevelopment of long-term care homes in Ontario and Manitoba.

GLENGARRY FARM FINANCE CLOSES $50,000,000 SYNDICATED CREDIT FACILITY

June 16, 2023

Glengarry Farm Finance (managed by Stormont Partners Advisory Inc.) is pleased to announce that BMO has acted as exclusive Agent to Glengarry Farm Finance for the purpose of launching its Syndicated credit facility supporting the ongoing growth of its portfolio of Agricultural mortgages.

STORMONT IS ACTIVELY SUPPORTING STARLIGHT INVESTMENTS AS THEY ENTER AND ESTABLISH A PRESENCE IN THE UK BUILD TO RENT MARKET 

May 2, 2023

Starlight's entry into the United Kingdom BTR market represents a meaningful first step in the company's broader European residential strategy.

STORMONT ADVISES PORTSTORONTO ON ITS LAND LEASE TO CINESPACE, FACILITATING THE DEVELOPMENT OF A STUDIO FACILITY 

September 27, 2022

PortsToronto today announced that Cinespace Studios has entered into a 30-year lease for Marine Terminal 52 to develop a studio facility that will support Toronto’s successful and growing media production business.

STORMONT ADVISES MODERN GREEN ON THE STRUCTURE OF ITS JOINT VENTURE WITH GROSVENOR AND TRANSCA FOR ITS 14-ACRE VANCOUVER OAKRIDGE DEVELOPMENT SITE 

June 22, 2022

Grosvenor has acquired the 14-acre former Oakridge Transit Centre in Vancouver, where it will become the lead developer of a major mixed-use project designed to deliver 17 buildings and 1,630 new residential units.

STORMONT ADVISES BLACKSTONE ON THEIR ACQUISITION OF A 13-PROPERTY QUEBEC SENIORS HOUSING PORTFOLIO FROM REVERA AND GROUPE SELECTION

August 11, 2021

Blackstone Real Estate Group has entered the Canadian seniors housing market, creating a joint venture with Selection Group to acquire a portfolio of 13 seniors’ housing residences in Quebec containing 3,548 independent-living units.

STORMONT ADVISES REVERA ON THE RESTRUCTURING OF ITS UK HOLDINGS

July 20, 2021

Leading care providers Care UK and Signature Senior Lifestyle have announced that they will be taking over the leadership and management of all of Sunrise Senior Living UK and Gracewell Healthcare’s homes in the UK.

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