Morguard Corporation is a Canada-based real estate investment company engaged in the acquisition and ownership of commercial and multi-unit residential real estate properties. As of December, 31,2012, the Company owns a diversified portfolio of 103 multi-unit residential, retail, office and industrial properties located in Canada and in the United States. It also owns interests in 143 acres of developable land. Its combined multi-unit residential portfolio represents 12,110 units. Its industrial portfolio consists of 24 properties located throughout Ontario, Quebec and British Columbia. On July 31, 2012, the Company acquired Woodbine Apartments. On August 29, 2012, the Company acquired Blue Isle Apartments.