The Heathview Recognized as Co-Winner of New Development of the Year by CFAA

MISSISSAUGA, ON, June 9, 2016 /CNW/ - The Heathview has been recognized again for excellence in purpose-built rental development, this time as co-winner of the New Development of the Year Award by the Canadian Federation of Apartments Association (CFAA). CFAA represents the owners and managers of close to one million residential rental suites in Canada, through 11 associations.

In December, The Heathview was awarded the 2015 Rental Development of the Year by the Federation of Rental-Housing Providers of Ontario (FRPO).  The FRPO MAC Awards recognize Ontario's top landlords and property managers for excellence in the rental housing industry.

The Heathview, owned by Morguard Corporation (TSX: MRC), is a 30-storey, twin-tower, purpose-built rental located in Forest Hill Village – the first in more than forty years. The transit-oriented development is within steps of the St. Clair West subway and St. Clair streetcar line.

"The Awards underscore the value that The Heathview brings to this community," said Brian Athey, Vice President of Development at Morguard.  "The new LEED-designed towers replaced two older 1950's end-of-life rental buildings.  The Heathview provides a sound and secure alternative to the condo market and offers a range of mid-market to luxury suites in a prime location to accommodate the market demand."

To learn more about The Heathview, visit the website at www.theheathview.com.

About Morguard Corporation
Morguard Corporation (TSX: MRC) is a major North American real estate and property management company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN). Morguard also provides real estate management services to institutional and other investors. Morguard's combined real estate portfolio is valued at $16.0 billion.

For more information, please visit www.morguard.com.

SOURCE Morguard Corporation

please contact: Morguard Corporation, K. Rai Sahi, Chairman and Chief Executive Officer, T 905-281-3800; Brian Athey, Vice President, Development, T 905-281-3800