Woodland Capital and Forum Acquire 826-Unit Parkwood Hills Portfolio in Ottawa

17 Sep 2026

MONTRÉAL and OTTAWA – September 17, 2026 – Woodland Capital and Forum today announced the completed joint acquisition of the 826-unit Parkwood Hills apartment portfolio in Ottawa from Minto. The transaction is the largest residential acquisition to date for both firms and one of the largest multifamily trades in the Ottawa market in recent years.

Located in Ottawa’s established Parkwood Hills neighbourhood, at Meadowlands Drive and Fisher Avenue, close to schools, parks, green spaces, and retail options, the portfolio comprises 34 buildings – with a mix of concrete mid-rise apartment buildings, low-rise walk-ups, and townhomes – totalling 826 residential suites across approximately 800,000 square feet of gross building area and sitting on nearly 26 acres of land. The combination of unit types with one-, two-, and three-bedroom apartments and two- and three-bedroom townhomes provides a diversified offering within a single community where residents have a range of housing options to meet their needs at different stages of life.

The transaction represented a unique opportunity to acquire an institutional-quality portfolio of significant scale in one of Canada’s strongest rental markets – supported by an employment base anchored in the federal public service, technology, and post-secondary institutions, and by sustained population growth that continues to outpace new rental supply.

“Parkwood Hills represents exactly the type of opportunity we seek: a well-located, institutionally maintained asset with strong fundamentals,” said Evan Paperman, President and Co-Founder of Woodland. “Doing it alongside Forum made the deal stronger. Their operating and development depth, combined with our acquisition and asset management platform, gives this community an ownership group equipped to invest in it for the long term.”

“Parkwood Hills is one of Ottawa’s most established multifamily communities and a highly attractive long-term investment,” said Gideon Pollack, Principal at Forum. “We have been looking to partner with Woodland for some time and when they approached us with this opportunity, it made a lot of sense. This is a true partnership – Woodland and Forum will operate it together, and both firms are committed to reinvesting in the portfolio and improving the resident experience over the years ahead.”

Woodland and Forum recognize the quality of the communities Minto has built and their longstanding stewardship of Parkwood Hills. Following the acquisition, Woodland and Forum will build on that legacy through their shared commitment to active ownership and continued investment in the properties, with a focus on maintaining Parkwood Hills as one of Ottawa’s largest and most established rental communities.

About Woodland Capital
Woodland Capital is a privately owned real estate investment firm based in Montréal, Québec, focused on the acquisition and management of multifamily, commercial, and mixed-use properties across Canada. The firm creates long-term value through active asset management, operational excellence, and strategic capital deployment. For more information, visit woodlandcapital.ca.

About Forum
Forum is a leading owner, developer, and promoter of commercial, residential, and mixed-use real estate in Canada. We manage all aspects of the development process, including due diligence, acquisition, land development, construction, leasing, and daily property management. In addition to our strong track record in commercial development and our wide selection of commercial spaces for lease, Forum offers a range of carefully selected residential properties in prime locations. Forum does not just fill spaces, we build communities. For Forum, neighbors are as important as location, as working with the right people is the foundation of a thriving community. For more information, visit forumproperties.com.

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