Toronto, Ontario – October 19, 2015 – Graywood Developments Ltd. (“Graywood”) has completed a first closing of $100 million in commitments for the Graywood Residential Fund VII LP (the “Fund”) from a combination of institutional and private investors. The Fund is seeking a total equity capitalization of up to $200 million and Graywood is targeting to complete a second closing by the end of Q1 2016. Capital Canada Limited is acting as financial advisor to Graywood raising capital for the Fund from High Net Worth private investors.
The Fund is targeting an annualized return to investors of 15% and will acquire and develop low, mid and high-rise residential development projects focusing primarily on the Toronto and surrounding Greater Golden Horseshoe market with the potential to expand into other major metropolitan markets in Canada.
Interested parties seeking more information on the Fund can contact:
- Stephen Price – President & CEO, Graywood Developments at (416) 599-1930 or firstname.lastname@example.org; and
- Robert J. Foster – President & CEO, Capital Canada Limited at (416) 598-7700 or email@example.com.
Graywood is a private investment management company based in Toronto that specializes in the development of real estate properties of exceptional quality in Canada and selected markets in the United States and outside North America. Founded in 1985 by Garnet Watchorn and Moshe Tamari, Graywood provides a full range of real estate development services with a team of over 30 professionals and support staff. Graywood’s highly experienced senior management team is led by President and Chief Executive Officer Stephen Price.
Graywood has successfully developed 39 residential projects with a combined value of over $3.6 billion in Canada and the United States including:
- over 20,000 low rise lots
- 3,500 condominium suites
- 700 full services hotel suites, including The Ritz-Carlton, Toronto
- 200 retirement suites
- seven retail plazas comprising over 370,000 sq. ft. of leasable space
For further information regarding Graywood, please visit www.graywoodgroup.com.
About Capital Canada Limited
Established in 1975, Capital Canada Limited is a mid-market independent investment banking firm which provides expert, financial advice to corporations and entrepreneurs in Canada and abroad. Capital Canada’s focus is in the private capital markets, providing investment banking services including mergers and acquisitions, private placements, financial restructuring, and general financial advisory services including fairness opinions. Led by President and CEO Robert J. Foster, Capital Canada’s dedicated professionals provide hands-on, personalized attention in order to achieve the optimal outcome for the client. For more information, visit www.capitalcanada.com.