Centurion Announces Temporary Capping of The Centurion Apartment REIT
October 7, 2015
To accommodate REIT Unit subscriptions that are in progress, the Board of Trustees has authorized a capped limit on further Unit purchases of $5 million for subscriptions submitted during the month of October for the November 1, 2015 closing, which will be allocated on a first come, first serve basis. This limit includes any purchases through registered accounts that have already been received by Centurion. The REIT continues to search for accretive investment opportunities and hopes to reopen to new investment after existing capital has been deployed. Existing and potential investors wishing to subscribe to the REIT should indicate their interest to their advisors or to Centurion so that Centurion may give notice to interested parties at the earliest availability of any new capacity.
Centurion Apartment REIT will provide updates on available capacity as it becomes available.
Update: Centurion would like to advise you that the $5 million available for subscriptions during the month of October has already been allocated. Unfortunately this means we will be unable to accept any new investments until the Centurion Apartment REIT reopens.
Centurion will provide updates on capacity as it becomes available.
The Centurion Real Estate Opportunities Trust (REOT) remains open to new capital.