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Horizon Sells Toronto Student Residence

An article was posted in Real Estate News Exchange regarding the recent sale of Campus Common at Gerrard St E in Toronto. The residence was built in 2007 by Horizon and has been operated by DMS Property Management ever since the building reached occupation. An excerpt from the article is below:

"A major U.S.-based student housing provider that plans to become a significant player in Canada has acquired the 12-storey, 188-unit Campus Common residence adjacent to Ryerson University in Toronto.

(...) Located at 50 Gerrard St., at the corner of Church St., Campus Common’s location and the scarcity of student housing options in the downtown core were two of the key reasons Blue Vista made the acquisition, according to senior vice-president Patrick Flaherty.

(...) “This is almost an irreplaceable location. You are surrounded on multiple corners by Ryerson University, you are right across from the (Ryerson) Square. You just can’t get, for student housing, a better located property at a university where there is such high demand.”

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