Centurion Apartment REIT announces Strategic Joint Venture with Kingsett Capital

August 26, 2010

Centurion Apartment REIT announces Strategic Joint Venture with Kingsett Capital

Centurion Apartment REIT is pleased to announce that it has entered into a strategic joint venture with Kingsett Capital on its property at 262-320 Kingswood Drive in Kitchener Ontario.  The previous partner, CA Bancorp, a publicly traded alternative asset manager, was in the process of realizing on their investment portfolio and Centurion arranged the sale of CA Bancorps interest to Kingsett Capital.  It is managements intention to look to expand the relationship with Kingsett Capital and other institutional partners through joint ventures on large apartment properties and portfolios to accelerate the realization of economies of scale and further broaden diversification for the REIT.


About C.A. Bancorp Inc.

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle- capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.


About Kingsett Capital

KingSett Capital is one of Canada's leading private equity real estate businesses co-investing with pension fund and high net worth individual clients where active management can achieve premium risk weighted returns. KingSett invests through Growth Funds, Mortgage Funds and an Income Fund, each with their own risk/return strategy, but collectively responding to the full scope of real estate investment.