Dream Unlimited Corp. announced that, together with Dream Impact Fund they have acquired 912 apartment units located in the City of Toronto for an aggregate gross purchase price of approximately $378 million. Dream Unlimited, The Trust and the Fund have each acquired a 33% interest in the apartments.

Dream acquired Weston Common, a two-tower, 841-unit, mixed-use apartment complex. The property is comprised of 22 John Street, a 369-unit, class-A, purpose-built rental building completed in 2019, a 472- unit, apartment building completed in 1974, 42,000 sf of fully leased commercial space, and an 8,800 sf community hub occupied and programmed by Artscape, a non-profit with a mission to make space for creativity and transform communities. Weston Common currently includes 53 affordable housing units and 26 live/work artist studios and Dream's intention is to increase the number of affordable units provided on site as per CMHC's definition of affordable rent for the area.

The Trust also acquired an interest in 262 Jarvis, a 71-unit, Art Deco style apartment building located near Ryerson University. Dream Unlimited and the Trust are also pleased to announce that they have a 228-unit, multi-building, portfolio of multi-family assets located in Toronto under contract. The ownership structure is expected to mirror Weston Common and 262 Jarvis.