Tempus Capital Inc. (CSE: TEMP) and TUK Group Close New Toronto Development Project With Additional Sites Under Contract

Executive Summary

• Tempus Capital Inc. and TUK Group announced the closing of a new joint development project in Toronto that will deliver up to 18 residential units.
• The partnership highlighted an ongoing $100 million investment program aimed at expanding purpose‑built rental housing across the city, with several additional sites already under contract for 2026.
• Management emphasized strong market demand for mid‑scale rentals and the expected stable, long‑term income generation for shareholders.

Key Details

• Project: New joint development in Toronto delivering up to 18 residential units.
• Investment program: $100 million allocated by Tempus Capital and TUK Group to increase purpose‑built rental supply in Toronto.
• Pipeline: Multiple additional sites are under contract, positioning the partnership for continued expansion throughout 2026.
• Target market: Mid‑scale, purpose‑built rentals aimed at working professionals and families seeking affordable, well‑designed housing.
• Expected benefits: Stabilizing asset class, revitalized neighbourhoods, predictable income streams, and strong occupancy fundamentals.
• Quotes:
• Russell Tanz, President & CEO, Tempus Capital – highlighted market reality, community impact, and shareholder value.
• Jordan Alexander King, Partner, TUK Group – noted the shift in living preferences and sustainable returns.
• Evan Ungar, Partner, TUK Group – emphasized pipeline growth and confidence in Toronto’s rental market.

Notable Quotes

• “Purpose‑built rentals are a stabilizing asset class that revitalize neighbourhoods and create long‑term value while providing reliable performance for shareholders.” – Russell Tanz
• “These projects strengthen communities while also providing predictable, sustainable returns.” – Jordan Alexander King
• “Purpose‑built rentals remain resilient, support community growth and provide the steady income characteristics long‑term investors are seeking.” – Evan Ungar