BGO announced it has expanded its Canadian rental housing footprint with the acquisition of two major multifamily assets in key urban markets. The real estate investment manager has acquired the remaining 50 per cent interest in Pivot, a newly built 36‑storey, 361‑unit tower in North York, Toronto, along with The James, a 12‑storey, 219‑unit modernized rental property in Victoria’s James Bay neighbourhood. Both transactions were completed on behalf of an institutional investor.

Pivot, completed in 2020 and located at 35 Greenfield Avenue, sits directly atop the Sheppard–Yonge TTC interchange and the Yonge Sheppard Centre. The tower offers a full suite of Class A amenities—fitness and yoga studios, outdoor terraces, shared workspace, resident lounge, dog run and pet spa. The client has owned a 50% stake in the building since 2021; this transaction consolidates full ownership.

The James, at 345 Quebec Street, underwent a comprehensive modernization in 2020, including upgrades to building systems, façade improvements, suite renovations, and fire and life‑safety enhancements. Residents have access to an indoor pool, fitness centre, shared workspace and a private courtyard, all within walking distance of downtown Victoria and the provincial legislature. The property will continue to be managed by BGO Living.

“Our conviction in purpose‑built rental housing reflects a long‑term view on the value of high‑quality assets in major Canadian markets,” said Adam Hagedorn, Managing Director, Portfolio Management at BGO. “Pivot and The James demonstrate how we are putting that conviction into practice for our client’s real estate portfolio, adding differentiated residential assets in Toronto and Victoria where we see durable demand for well‑located, amenity‑rich rental housing.”

Osler, Hoskin & Harcourt LLP served as legal counsel for the Pivot acquisition, while Lawson Lundell LLP advised on the purchase of The James.