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Centurion Apartment REIT Announces the Pending Acquisition of its Second Multi-Residential Apartment Property in Victoria, British Columbia

June 25, 2019

Centurion Apartment REIT Announces the Pending Acquisition of its Second Multi-Residential Apartment Property in Victoria, British Columbia

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of a multi-residential property in Victoria, British Columbia. This will be Centurion’s second property in Victoria.

The 5-storey property is situated at 433 Boleskine Road in uptown Victoria.  Completed in April 2019, Verve houses 95 residential units, one commercial unit, and two levels of secured underground parking. It offers a mix of bachelors, one, and two-bedroom rental units. The suites feature 9-foot ceilings, patio/balcony in each suite, full-size appliances, in-suite laundry, and optional out-of-suite storage and bicycle storage.

The property is conveniently located steps to everyday shopping and dining experiences, public transportation, supermarkets, and the Galloping Goose Trail, and mere minutes to downtown Victoria. The building was built to a “Green Standard” and was awarded the Silver Certification by Built Green Canada for energy conservation and efficiency.

Centurion President and CEO Greg Romundt shares, "The addition of this property further builds on Centurion’s footprint and economies of scale in Victoria, B.C. (map) This expansion will favourably position Centurion to benefit from the growing rental demand in Victoria.”

For media inquiries, please contact communications@centurion.ca.