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Centurion Apartment REIT Announces the Acquisition of a Brand-New Multi-Family Property in Sainte-Foy, Québec City

May 13, 2022

Centurion Apartment REIT Announces the Acquisition of a Brand-New Multi-Family...

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the acquisition of Le Bacc, a brand-new multi-family apartment property located at 2400 Chemin Sainte-Foy, Quebec City. Upon completion, Le Bacc will bring Centurion’s Quebec portfolio to a total of 5,662 rental units.

“Le Bacc is an attractive addition to our Quebec portfolio given its proximity to schools within the greater Quebec City area, coupled with its strategic position neighbouring Centurion’s first Quebec City acquisition, Quartier QB, which will enable us to capture strong economies of scale and efficiencies as we further expand our footprint in the city. Its prime location and the all-inclusive rental packages offered to tenants will primarily attract a mix of students and young professionals”, commented Greg Romundt, Centurion President and CEO.

Built in 2021, this 6-storey mid-rise offers a total of 170 rental apartment units with a variety of floorplans – studio, one, two, and three-bedroom suites with balconies for an extended living space. The suites feature high-end condo-quality finishes such as quartz countertops, hardwood flooring, and high exposed ceilings. Major appliances, including in-suite laundry, also come with each suite.

Le Bacc is in one of the most highly sought-after areas in Quebec City and is strategically located in the academic hub of Sainte-Foy close to Laval University, CEGEP Sainte-Foy, CEGEP Champlain St. Lawrence, and CEGEP Garneau, which collectively have an annual enrollment of over 70,000 students.

For media inquiries, please contact [email protected].