Centurion Apartment REIT has Closed the Acquisition of a Newly Constructed Apartment Property in Langford, British Columbia

August 26, 2019

Centurion Apartment REIT has Closed the Acquisition of a Newly Constructed Apartment...

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce that it has completed the acquisition of a multi-residential apartment property in Langford, British Columbia. The property is situated at 2766 Claude Road in downtown Langford. This new acquisition brings Centurion's portfolio to eight (8) properties and 455 rental units in the Greater Vancouver Area.

Comprising one, two and three-bedroom units that span 11 floors, Danbrook One is the first purpose-built rental project of its kind outside downtown Victoria to offer sophisticated urban living that is walking distance from grocery stores, cafés, restaurants and pubs, and numerous transportation options that connect to Greater Victoria.

The property offers 90 suites with condo-quality finishes and features six full-size appliances, in-suite laundry, quartz countertops, keyless entry, underground parking, and breath-taking views of the Salish Sea and Washington State's Olympic Mountain Range in select suites.

Danbrook One is located 0.5 km away from five other apartment properties that Centurion has recently acquired (map). When asked about this new Langford acquisition, Centurion President and CEO Greg Romundt shares, "The acquisition of this property provides Centurion an opportunity to further benefit from Langford’s robust rental market. Danbrook One complements our other Langford properties by providing an option suitable for a walkable lifestyle outside Victoria’s busy downtown core.”

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