Centurion Apartment REIT Announces the Acquisition of a Multi-Residential Apartment in Calgary, Alberta.

August 31, 2023

picture of building on left with text on the right

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the acquisition of a brand new, multi-residential apartment called Credo, located at 1820 26 Ave SW, Calgary, Alberta.

The 5- storey building was recently completed in June 2023 and consists of 125 high-end suites offering a mix of studio, one-bedroom, one-bedroom + den and two-bedroom units. The suites feature open-concept floorplans and are finished with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-suite laundry, walk-through closets, triple pane windows and black-out blinds in each bedroom.

Credo offers excellent amenities including an outdoor courtyard, fitness centre, indoor amenity lounge, underground parking, bike storage, and a bike/dog wash station. The property is conveniently located at the intersection of 26 Avenue SW and 17A Street SW in Calgary’s trendy Bankview community. The location offers walkability to an abundance of popular dining establishments, coffee shops, retail boutiques and employment opportunities along the vibrant 17 Avenue SW, and boasts a Bike Score of 81, providing efficient access to Calgary's extensive urban pathway and bikeway network. Additionally, the property is surrounded by community parks, services and schools, providing Residents a well-rounded and convenient living experience.

"We are pleased to adding Credo to our expanding Alberta portfolio,” commented Greg Romundt, Centurion President and CEO. “This acquisition represents our third in Calgary and aligns with our commitment to investing in strong, growing markets.”

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