The Ontario Gas Station Portfolio consists of four operating sites across Ontario—two Shell and two Esso locations—acquired through a power of sale process following a borrower default.
Pangea structured a private credit investment to finance the acquisition in partnership with experienced operating partners. The investment featured a tailored debt solution with potential equity upside, supporting the down payment and enabling a timely transaction.
The portfolio is currently being rebranded under the Pioneer banner, with a value-add strategy focused on optimizing site operations and partnering with national tenants such as Starbucks and LCBO to drive long-term upside.