Greyhill Expands in Northern Ontario with $38.4 Million Acquisition

Greyhill Real Estate LP, a private equity firm focused on multi-family and commercial real estate, has completed a strategic acquisition in Northern Ontario, enhancing its portfolio with five properties valued at $38.4 million. The acquisition, which took place over two phases in 2024, includes 236 residential units and 6,770 square feet of commercial space. This expansion boosts Greyhill's assets under management to around $83 million as of December 2024 and marks a significant enhancement of the firm's presence in Northern Ontario, specifically in Haileybury and Timmins. The strategy aligns with Greyhill's goal of targeting overlooked or undervalued markets, with Northern Ontario identified as a high-potential region due to its economic transformation driven by critical mining, population growth, and infrastructure development. Managing Partner Liam Dougherty highlights the firm's commitment to investing and contributing to the community's development. This acquisition supports Northern Ontario's increasing importance within Canada's economy, accounting for over 25% of the country's mineral production value, and aligns with Greyhill's broader strategy of maximizing long-term investment opportunities.