Centurion Apartment REIT Announces Successful 50% Acquisition of a Student Housing Property in Waterloo, Ontario.
Centurion Asset Management Inc., the Asset Manager of Centurion Apartment REIT, is pleased to announce it has closed the purchase of 50% interest in 1 Columbia Street West in Waterloo, Ontario. This newly built Student Housing Property was developed and constructed by an external partner of Centurion Real Estate Opportunities Trust.
The apartment is a 22-Storey high-rise student housing property with 370 units comprising of 74 five-bedroom suites along with street accessible retail units. Each unit offers ensuite washrooms and panoramic views of the surrounding universities. This property comes with 76 underground parking spaces and includes a social/study room, fitness room, games room, rooftop patio, theater and complementary WIFI. The property is conveniently located minutes from the University of Waterloo & Wilfrid Laurier University.
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.centurion.ca.