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RioCan Sells Toronto Rental Tower | Toronto News
RioCan cashed in big, selling its 50% stake in the towering FourFifty rental building in downtown Toronto for $155 million — a move that signals its broader strategy to offload residential assets and refocus on retail. The 46-story, 592-unit building, completed in 2024, is the only purpose-built rental in the massive Well mixed-use development. While Woodbourne Capital now owns the apartments, RioCan retains control of the retail spaces — which are undergoing their own shake-up with new stores opening and others closing. This sale is part of RioCan’s larger plan to unlock value and reinvest…
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