Toronto

Evton Capital Partners sells Yonge St. portfolio

Wednesday, August 19, 2015

Evton Capital Partners has sold three class-B office buildings on Yonge Street in downtown Toronto to a pension plan backed buyer, while cycling product in the first Evton Real Estate Fund.

“We’re thrilled to crystalize impressive returns for our investors, this transaction puts us on track to achieving the 15 per cent return target for this Fund,” said D’Arcy McGee president of Evton.

The assets are located on strategic corners of the street and all generate significant ground level retail revenue, further diversifying an already varied office tenancy.

Evton has actively managed the assets, more than doubling operating income over the last three years.

“We’re in the process of selling additional Fund properties and look forward to redeploying the capital,” adds McGee.

Evton Capital Partners is a commercial real estate investment and management company based in Toronto. The company has successfully invested in more than 32 acquisitions in Ontario and Alberta, worth $149 million of real estate.

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