TORONTO, Oct. 1, 2026 /CNW/ -- BST Canada has acquired a 122-unit rental apartment building in Toronto, further expanding its multifamily portfolio and strengthening its presence in established communities across the city.

The property is located in an established Toronto neighbourhood with convenient access to public transportation, schools, healthcare, shopping and essential amenities, as well as proximity to the waterfront.  The location offers residents convenient access to services and connectivity within the city and aligns with BST Canada's focus on well-located residential properties.

"Toronto continues to be an important market for BST Canada," said Alaa Tannous, President of BST Canada. "This acquisition adds another well-located property to our multifamily portfolio and advances the objectives of our annual acquisition and investment plan.  We are pleased with the progress we are making toward our growth objectives and look forward to adding further multifamily properties to the portfolio this year as we continue to expand our presence in the market."

BST Canada takes an active, long-term approach to its multifamily portfolio, combining acquisitions, asset management, capital improvements and operational oversight through its integrated real estate platform. This approach allows the company to draw on its local knowledge and identify opportunities to enhance properties while maintaining a focus on resident experience, asset quality and long-term value creation.

Backed by leading institutional investment partners, BST Canada continues to pursue real estate investment opportunities through a disciplined investment approach, rigorous underwriting and a long-term ownership philosophy.

The company continues to evaluate opportunities that align with its investment strategy and support the growth and diversification of its Canadian residential portfolio, with a focus on well-located assets in the Greater Toronto Area, Ottawa and other major urban centres.

About BST Canada
BST Canada is a Toronto-based investment, development, and asset management firm and part of BST Group, an international publicly traded real estate group with more than 50 years of experience.  The company owns, develops, and manages a diversified portfolio of residential, commercial, and medical assets across Ontario, combining market expertise with operational excellence and a disciplined long-term approach.

SOURCE BST Canada Ltd