some more info co/Inter-rent REIT:
https://www.interrentreit.com/wp-content/uploads/2022/11/2022_Q3_MDA.pdf
Looks like the third (minority) partner is out...it's now 50-50 between Trinity and Inter-rent...as
"The Trust completed a $2.4 million acquisition for a 2.5% interest in 801 Albert Street Inc., the development site
at 900 Albert Street Ottawa. Following this transaction, the REIT holds a 50% interest in the development
property through its direct interest in 801 Albert Street Inc. and through its 40% ownership in the TIP Albert
Limited Partnership joint venture."
"900 Albert Street
The site plan application was approved by Ottawa City Council in July 2020 and the final site plan agreement is
currently ongoing. The approved site plan application allows for 1,241 residential suites, 423,764 sq ft of office
space, and 87,844 sq ft of retail space. Ownership of this project was previously split between three partners,
however during the quarter, the third partner sold its minority interest to both remaining partners, leaving the
REIT and the remaining partner each with a 50% interest in the project. The REIT continues to work with its
partner and external consultants to develop detailed design plans in order to deliver an offering that reflects
not only the current needs of the market but also incorporates concepts and technologies to ensure its
continued relevance as rental housing needs continue to evolve. Management continues to monitor, and is
encouraged by, the redevelopment progress in the broader LeBreton Flats area."