Centurion Apartment REIT Announces Successful 60% Acquisition of an Apartment Complex in Regina, Saskatchewan

April 27, 2017

Centurion Apartment REIT Announces Successful 60% Acquisition of an Apartment...

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce that it has closed the purchase of 60% interest in 5501 Prefontaine Avenue in Regina, Saskatchewan. Known as Harbour View Estates, the complex is currently being managed by a third party property manager.

This newly built apartment complex comprises four 4-storey buildings, with a total of 208 units combined. It features a mix of 1 and 2 bedroom suites with open concept kitchens, spacious living and dining areas, and exterior patios/balconies. All suites are equipped with in-suite central heat and air conditioning, as well as a stacked washer/dryer closet.

Harbour View Estates is located within the developing residential neighborhood of Harbour Landing in southwest Regina, about 5 km south of downtown. It is close to the Regina International Airport and the University of Regina, with quick access to TransCanada Highway. The complex is close to Tutor Park and is a few minutes away from commercial amenities and schools.

Click here for more information about the property.