September 30, 2019
Centurion Apartment Real Estate Investment Trust (“REIT”) has completed the sale of Royal and Wales Apartments (46-56 College Street, 58-66 Weber Street, and 96 Young Street) in Kitchener, Ontario for $9.95 million. The property has a total of 74 units and was originally purchased in 2015.
Centurion will have 668 rental units in its Kitchener portfolio after the sale.
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