Centurion Apartment REIT Announces the Acquisition of a Newly Constructed Multi-Residential Property in East Kelowna, British Columbia

December 8, 2022

An exterior view of the Aurora apartment building in Kelowna, a furnished kitchen, and a furnished living room.

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the acquisition of The Aurora, a newly constructed multi-residential apartment located at 230 Aurora Crescent in Kelowna, British Columbia.

Built-in 2022, this 6-storey mid-rise property offers a total of 104 rental apartment units spread across two buildings with a variety of floorplans including studio, one, two, and three-bedroom suites, all of which have balconies for an extended living space. The suites have a contemporary interior design featuring high-end condo-quality finishes such as quartz countertops, hardwood flooring, and high-exposed ceilings. Major appliances, including in-suite laundry, come with each suite. Residents can also enjoy best-in-class building amenities, including two outdoor patios, a recreation area, a full-size fitness area, a business centre, a lounge, and a pet wash station.

“The Aurora is an excellent addition to our British Columbia portfolio and represents Centurion’s third acquisition in Kelowna and the 17th acquisition within the province of British Columbia, resulting in a total of 1,772 total rental units located throughout Burnaby, Victoria, Surrey, Langford, and Kelowna,” commented Greg Romundt, Centurion President and CEO.

The Aurora is situated in one of the fastest-growing neighbourhoods in Kelowna, where residents have excellent access to amenities, transportation, and schools. The location is a desirable community surrounded by beautiful green spaces, only a short drive to downtown.

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