Jesta Group plans to buy $500M of bulk, unsold Toronto condos
Developer Jesta Group has acquired a bulk condo portfolio in Toronto for $30 million, entering the Toronto residential market and initiating a $500-million acquisition program.
Developer Jesta Group has acquired a bulk condo portfolio in Toronto for $30 million, entering the Toronto residential market and initiating a $500-million acquisition program.
A property broker in Vancouver says its new program to arrange bulk condo sales will give frustrated developers an escape hatch, while providing long-term upside to buyers willing to hold the units before eventually selling for a profit.