Beneficiary
$300M provincial mezzanine debt (of $1.3B fund)
Menkes Condominium Rentals was designated, alongside Del Condominium Rentals (Tridel Group), to manage leasing and tenancies for the ~2,200 unsold GTA condo units acquired under the High Art Capital/Building Ontario Fund initiative, which is anchored by up to $300 million in Ontario government mezzanine debt financing. The role gives Menkes an ongoing paid property-management/leasing mandate arising directly from the government-backed bailout deal.