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bcIMC’s Parkbridge buys Edmonton lifestyle communities

Parkbridge Lifestyle Communities Inc has bought Willow Park Estates and Jubilee Landing, two family lifestyle communities in Edmonton, Alberta. No financial terms were released. Parkbridge, which operates and develops residential land lease communities, recreational resorts and marinas, said the deal will enhance its offering in the camping and recreational vehicle market. The Calgary-based company is owned by British Columbia Investment Management Corp (bcIMC). It was acquired for $790 million in late 2010.

PRESS RELEASE

Parkbridge Lifestyle Communities Acquires Willow Park Estates & Jubilee Landing in the Edmonton Metro Area

Parkbridge Remains Leading Owner, Operator and Developer of Land Lease Communities With Continued National Growth and Expansion

EDMONTON, AB–(Marketwired – June 23, 2016) – Parkbridge Lifestyle Communities (Parkbridge) is excited to announce the acquisitions of Willow Park Estates & Jubilee Landing, two established communities within the Edmonton metro area. These Family Lifestyle Communities combine to provide 504 sites to Parkbridge’s portfolio while providing further development to Alberta’s capital and second largest city.

As Canada’s leading owner, operator and developer of residential land-lease communities, recreational resorts and marinas, Parkbridge is committed to providing affordable, comfortable and secure places to live, vacation, and retire. By acquiring Willow Park Estates & Jubilee Landing, Parkbridge’s offering in the camping and RV market will be enhanced for prospective homeowners. Parkbridge will now have a total of 2,889 operational sites within the Edmonton region.

“We are excited to welcome both Willow Park Estates and Jubilee Landing communities into the Parkbridge family,” says Lachlan MacLean, Vice President of Property Operations, Parkbridge Lifestyle Communities. “Parkbridge is committed to providing the best possible residential communities, where family ties are strengthened and lasting friendships are developed. The sense of community at Willow Park Estates and Jubilee Landing will be enhanced by the Parkbridge experience, where community is at the heart of what we do — this is what defines us,” MacLean added.

Willow Park Estates, a 158-site family community in Leduc is located within a quiet residential neighborhood with ideal access to services and retail shopping. Willow Park Estates also allows easy commutes, being located just 12 kilometers from the Edmonton International Airport.

Jubilee Landing, features 346-sites in an upscale residential area, neighbored by a mobile home park and within walking distance to shopping and developed areas. The 692,000 sq. ft. retail development, Emerald Hills Centre gives residents great commercial access with Wal-Mart Super Centre anchoring any immediate retail needs.

For more information on Parkbridge, Willow Park Estates, Jubilee Landing or other Alberta properties please visit www.parkbridge.com

About Parkbridge:
www.parkbridge.com
Parkbridge Lifestyle Communities Inc. (“Parkbridge”) is Canada’s leading owner, operator and developer of residential land lease communities, recreational resorts and marinas. Widely recognized as the industry leader in Canada, Parkbridge owns and operates the land, amenities and infrastructure while residents own the dwelling. It is a business model that results in solid investment fundamentals, offering a high quality, affordable and well-located product, geared toward Canada’s changing demographics. Parkbridge’s mandate is to make residential and recreational communities affordable, yet exceptional.

CONTACT INFORMATION
For information and interview inquiries please contact:
Jessica Moran
Communications Lead
C: 519-312-1365
E:jmoran@parkbridge.com

Photo courtesy of Parkbridge Lifestyle Communities Inc