"We're seeing some accretive deals come our way," he said."They'd have to be knock-your-socks-off accretive, but there aresome pretty good deals coming down the pipe." Planned purchasesthis year will be made from Chartwell's third-party developmentpartners.


The locally based REIT, which owns 248 senior-housing facilitiesin North America, in both Canada and the US, also has 10 propertiescurrently under construction, a majority of them around Ontario.The company operates independent living facilities, retirementhomes and long-term care properties.


Suske acknowledged that the credit crunch in the US is currentlyhaving some impact on getting acquisitions done. "All of thelenders are sitting on their hands now waiting for the capitalmarkets correction in the US," he said.


But he does not see a long-term slowdown. There are 11,000 newrooms in demand each year through 2026 in Ontario alone, andChartwell is hoping to build 20% of that new senior-housingstock.

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