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Town and Country Trust
Investment type: Corporate Transaction – Public-to-Private
Investment date: March 2006
Acquired by: Onex Real Estate
Investment: $100 million /
$86 million from Onex
Status: Realized
Value realized to date: $146 million /
$124 million by Onex

Town and Country Trust was a self-administered and self-managed REIT that owned and operated multi-family communities in Delaware, Florida, Maryland, Pennsylvania and Virginia. The company’s properties consisted primarily of Class A and B assets in attractive markets.

Onex Real Estate acquired the Town and Country Trust in March 2006 and within one year of the acquisition sold 30 of the 37 Town and Country assets. The remaining assets were sold in May 2012.  Onex Real Estate returned all its investors’ equity with an additional profit.