Toronto Seniors Housing Corporation gets over 14,000 units
Overview
Robins Appleby’s Affordable and Social Housing Team assisted its client, Toronto Seniors Housing Corporation (“TSHC”), with the transition of the operational responsibility of Toronto Community Housing Corporation’s (“TCHC”) seniors portfolio to TSHC. The transaction involved the negotiation of a Transition Services Agreement for the transfer of the landlord function in 83 buildings. Concurrently, the Affordable and Social Housing Team assisted TSHC negotiate a Service Delivery Agreement with TCHC for the delivery of shared services between the entities. This transaction is a key step in supporting approximately 15,000 senior tenants through the City of Toronto’s Integrated Service Model, enabling senior tenants to age in place, have successful tenancies and enjoy a better quality of life. The transaction was led by Robins Appleby’s Affordable and Social Housing co-leads, John Fox and Ismail Ibrahim, who were assisted by associates Claudia Pedrero and Amelia Briggs-Morris.
