ONE Properties and Revera Enter Joint Venture to Develop New Retirement Communities in Key Urban Markets Across Canada
Nov 20, 2018
Edmonton, Alberta/Mississauga, Ontario (November 20, 2018) – ONE Properties, a dynamic real estate development company and Revera Inc., a leading owner, operator, developer and investor in the senior living sector, announced today that they have agreed to enter into a joint venture partnership to develop new retirement communities in key urban markets across Canada.
As their first project, Revera and ONE Properties will bring an exciting, best-in-class senior living residence to Edmonton. Clifton Place, a spectacular location overlooking the North Saskatchewan River, will be built near 124th Street and 102nd Avenue.
The Clifton Place project is designed to include up to 290 residential retirement suites offering age-in-place residential living options for the senior, independent living, memory care and assisted living markets.
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