Demo Investments Details Page

Toronto, Ontario

Ground Up Investment

Acquired the 88K SF multi-tenant complex in Q3 2022 for $14.8M ($168 PSF), marking Forager’s first U.S. acquisition
Well-located in a growing market, MBC was acquired for well below replacement cost through an off-market transaction
Forager has re-leased 72K SF (81% of GLA) through a hands-on asset management and cost-effective capital program to drive leasing revenue, while enlisting best-in class party property management
In 2024, Forager commenced the planning process to expand MBC with the addition of a fifth multi-tenant building totalling ~20K SF

Acquisition Strategy