# RioCan REIT announces new residential group

By [Brandon Donnelly](https://brandondonnelly.com) · 2018-03-06

canada, cities, condo-development, condos, construction, development, mixed-use, purpose-built-rental, reit, rental-units, residential, riocan-living, riocan-reit, toronto, transit-oriented-development, uncategorized, urbanism

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On Monday, [RioCan REIT](https://en.wikipedia.org/wiki/RioCan_Real_Estate_Investment_Trust) announced its new residential brand: [RioCan Living](https://riocanliving.com/). This is the group that will now be responsible for redeveloping the 43 properties within their portfolio that they have identified as having intensification potential. [Here’s](https://investor.riocan.com/English/investor-relations/press-releases/press-release-details/2018/RioCan-launches-new-residential-brand-RioCan-Living/default.aspx) how they are describing the new brand: _“RioCan Living delivers best in class purpose-built_ **_rental units_** _and_ **_condos_** _along Canada’s most_ **_prominent public transit lines_**_.”_

It has been interesting watching RioCan over the last 6 months. In the fall they [announced](https://riocan.com/about/news/riocan-sell-100-properties-focus-gta/) that they would be selling off somewhere around $1.5 billion of their portfolio to rebalance toward Canada’s six largest markets, and in particular the Toronto market. And with this recent unveiling it is clear that they are doubling down on transit-oriented mixed-use communities as a way to future-proof their retail portfolio against disruption.

Major markets. High-density. Transit-oriented. This shouldn’t surprise any of you. [Here](https://investor.riocan.com/investor-relations/events-and-presentations/) is a link to their latest investor presentation in case you’re curious.

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*Originally published on [Brandon Donnelly](https://brandondonnelly.com/riocan-reit-announces-new-residential-group)*