Chartwell Retirement Residences to Acquire Montreal Complex for $136 Million

2 min read | January 30, 2025 11:26 AM EST | By Team Kalkine Media

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Chartwell Retirement Residences to Acquire Montreal Complex for $136 Million — Image source: Shutterstock

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Highlights

Major Acquisition: Chartwell Retirement Residences to purchase Rosemont Les Quartiers for $136 million.

Large-Scale Facility: The complex includes 632 rental suites catering to various care needs.

Structured Payment Plan: $130 million to be paid at closing, with a $6 million deferred payment over three years.

Chartwell Retirement Residences, one of Canada’s largest retirement home operators, has announced a $136 million deal to acquire a major retirement residence complex in Montreal. The transaction is set to expand Chartwell’s footprint in Quebec’s senior living market.

The acquisition involves Rosemont Les Quartiers, a multi-building complex located just east of downtown Montreal. The facility comprises 632 rental suites, offering a range of housing options tailored to different levels of care and lifestyle preferences for seniors.

Under the terms of the agreement, Chartwell will pay $130 million upfront upon closing and defer $6 million over a three-year period. The deal is expected to be finalized in the first quarter of this year.

This acquisition strengthens Chartwell’s position in the retirement living sector and aligns with its strategy of expanding in key urban markets. As the demand for senior housing continues to grow, Chartwell’s investment in high-quality, well-located residences reinforces its commitment to providing premium retirement living options in Canad.

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