Centurion Apartment REIT Announces the Pending Acquisition of an Apartment in Guelph, Ontario. (Update: Acquisition Successfully Closed)
Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of 5 Schroder Crescent in Guelph, Ontario. This newly built apartment building was developed and constructed by an external partner of Centurion Real Estate Opportunities Trust. The building is currently being managed by Centurion Properties Associates Inc.
The apartment is part 4-storey and part 5-storey mid- rise rental apartment with 66 units comprising of seven one-bedroom, 18 two-bedroom, 32 two-bedroom plus den, four three-bedroom and five three-bedroom plus den suites. This apartment comes with 88 above ground parking spots and includes a social/party room, fitness room and locker storage. Situated on the Guelph transit Grange route 14, the property is conveniently 15 minutes from the city’s downtown.
For more information about Centurion Asset Management Inc., Centurion Apartment REIT, Centurion Real Estate Opportunities Trust, Centurion Property Associates or The MARQ, visit us online at www.centurionreit.com.
UPDATE: Centurion is pleased to share the acquisition officially closed on September 8, 2016.