CHC Realty Capital Corp. announced that it has entered into an arm's length agreement dated as of January 15, 2015 to acquire a student housing property located at 2 Taylorwood Road in Oshawa, Ontario next to the University of Ontario Institute of Technology and Durham College. The property consists of four 4-storey stacked townhouse buildings with 260 beds in 59 units having a mix of 3 and 5 bedroom units which were newly built in 2014 by Podium Developments.

At present, the buildings are 100% leased. The purchase price for the property is $23.5 million, subject to adjustments and excluding acquisition costs.