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

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

Construction of the newly built 5- storey building was just 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 be expanding our presence in the rapidly growing Calgary market, addressing the high demand for quality rental housing” commented Greg Romundt, Centurion President and CEO. “This strategic investment not only reflects our ongoing commitment to identifying and capitalizing on promising opportunities in dynamic markets, but also aligns with our mission to provide exceptional living spaces that cater to the evolving needs of Residents while fostering thriving communities.”

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