Acquisition of the Land Assembly in Langford, British Columbia

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the acquisition of the land assembly comprising six single-family lots, which directly neighbour Centurion’s growing Langford apartment portfolio. Located at 827 A, 827 B, 827 C, 827 D Hockley Ave., 2860, 2866 Peatt Road, Langford, BC, the Site is currently improved with older single-family homes.

“Centurion is excited to further expand our footprint in British Columbia,” said Greg Romundt, Centurion President and CEO, “There is a growing demand for rental options in suburban areas. The community of Langford is an attractive opportunity to fulfill that demand thanks to its proximity to outdoor and lifestyle amenities.”

The Site will benefit from its proximity to Centurion’s Langford multi-family portfolio, located directly beside Peatt Commons, less than 500m from Hockley Corners, The Arc, RidgeView Place, Village Walk, Robert’s Landing, Robert’s Place, and 1.5km from Hedstrom House. In addition, the Site is in downtown Langford and offers easy access to numerous rental demand drivers such as Westshore Town Centre, Millstream Village Shopping Centre, Costco, Royal Colwood Golf Club, Langford Lake, and a 20-minute drive to downtown Victoria and the University of Victoria.

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