Centurion Apartment REIT Announces the Opening of a New Multi-Residential Apartment Property in Calgary, Alberta

September 16, 2020

Centurion Apartment REIT Announces the Opening of a New Multi-Residential Apartment...

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the opening of a newly constructed multi-residential property in Calgary, Alberta. This new property will bring Centurion's portfolio to eight properties and 1,864 rental units in Alberta and the first in Calgary.

The property was jointly developed with Campus Suites and will be managed by Centurion. Centurion’s interest in the property is 70%.

Located at 2416 16th Avenue NW, The Hub Calgary houses 486 residential units offering furnished studio, two-bedroom and three-bedroom suites with amazing views of the city. The suites are complete with private kitchens and stainless-steel appliances, luxury vinyl flooring, and energy-efficient lighting. They also come with contemporary furniture, a smart TV in the living room, XL full bed, and desk with smart TV in the bedroom.

The 27-storey, high-rise property features underground parking, resort-quality gym, business centre, social rooms on each floor, communal kitchen for larger gatherings, and resident lounge with billiards, table tennis, and foosball with some of the best 360-degree views in the entire city.

The Hub Calgary is conveniently located steps from day-to-day needs including schools, shopping, restaurants, and healthcare facilities. It is a 12-minute drive from the Business District and residents can get around the city with convenient access to public transit.

Centurion President and CEO Greg Romundt comments, “The HUB is the first of its kind in Calgary and we are extremely pleased to have worked with long-time partner Campus Suites in bringing the project to fruition during challenging times. Expanding into this new city opens up more exciting opportunities for Centurion in rental apartments and student housing.” (map)    

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