Virtus Diversified REIT Acquires Abington Court Retirement Residence

TORONTO, Nov. 05, 2026 /CourierPR/ -- Virtus Diversified REIT has expanded its portfolio by acquiring Abington Court Retirement Residence, a 91-suite independent living facility located at 1500 Main Street East in Hamilton, Ontario. The acquisition, completed on November 3, 2026, was for a purchase price of approximately $26 million.

Abington Court, which opened its doors in 2005, has since become a well-established retirement community. The property, situated in southeast Hamilton, is conveniently located near the Red Hill Valley Parkway. In 2018, the facility underwent an expansion, adding 20 more suites to its existing 71. The property now offers a total of 91 independent living accommodations, all equipped with 24-hour on-site staff, resident checks, and other essential services.

According to the property’s offering materials, Abington Court has maintained strong occupancy levels, with periods of 100% occupancy. The residence provides residents with a range of amenities, including lounges, libraries, a games room, a home theatre, and a landscaped courtyard with a gazebo, patio, barbecue area, and resident gardens. These facilities ensure that residents have a comfortable and engaging living environment.

Aurelio Baglione, CEO of Virtus Capital Corporation, the asset manager for Virtus Diversified REIT, expressed satisfaction with the acquisition.

The acquisition of Abington Court Retirement Residence supports Virtus Diversified REIT's strategy of investing across multiple real estate sectors and geographic markets. The REIT is focused on acquiring and managing income-producing commercial and residential properties across Canada and the United States, with a portfolio strategy that emphasizes diversification by property type, geography, and tenant base.