Delavaco, York Plains acquire New Jersey residential assets for $6.2 mln
Canadian private equity firms Delavaco Residential Properties Corp (TSXV: DVO.U) and York Plains Investment Corp have agreed to purchase H60 Canada Inc for US$6.24 million. H60 Canada indirectly owns 19 residential properties located in New Jersey, consisting of 96 rental units. The transaction is expected to close at the beginning of May. Based in Toronto, Delavaco invests in the U.S. residential real estate sector. Also with headquarters in Toronto, York Plains invests in both private and public securities.
27 March 2014•4 mins read
