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Chartwell Regency Retirement Residence in Mississauga, Ont., January 13, 2014.
Chartwell Regency Retirement Residence in Mississauga, Ont., January 13, 2014.
(J.P. Moczulski For The Globe and Mail)

Chartwell could be the next takeout target in real estate

Chartwell Retirement Residences could be an acquisition target as deals heat up in the seniors housing and health care space, says Bank of Montreal analyst Heather Kirk.

“We believe Chartwell is an attractive potential takeover target given its dominant platform, significant scale, diversification across Canada and the U.S., and embedded growth potential in the portfolio,” she writes in a research note.