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Centurion Apartment REIT Announces Completion of $50 million Offering

March 15, 2012

Centurion Apartment REIT Announces Completion of $50 million Offering

Centurion Apartment REIT is pleased to announce that its offering of $50 million of Class "A" REIT Units has been fully subscribed/committed. The REIT has not determined the timing of the release of a new offering memorandum.  The REIT will announce when a new offering memorandum will be made available, and this offering memorandum will be made available prior to the opening of the REIT to new equity subscriptions under the Offering Memorandum exemptions contained in National Instrument 45-106. 

Existing and potential investors wishing to subscribe to the next offering should indicate their interest to their advisors or to the REIT so that the REIT may set aside capacity and give notice to interested parties of the earliest availability of any new capacity.  Advisors are asked to contact Peter Figura by phone at (416) 894-3212 or via email at pfigura@centurionreit.com with any queries.