Centurion Apartment REIT Announces the Acquisition of an Apartment Portfolio in Kitchener, Ontario

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the recently acquired historic Royal and Wales Apartments and the Weber Apartments in Kitchener comprised of a total of 74 units with a mix of bachelor, one-bedroom and two-bedroom suites.

Property addresses are as follows: 46-56 College Street, 58 Weber Street West and 64 Weber Street West. These rental units are conveniently located steps from the Waterloo Region’s future multi-modal transportation hub, Wilfrid Laurier Faculty of Social Work, City Hall, The Tannery District, University of Waterloo Health Sciences Campus, and major downtown employers including Region of Waterloo Courthouse, Manulife, and Google to name a few. 

All apartment suites were recently renovated, including full kitchens; 4-piece bathrooms; new flooring, new gas fireplaces and electric baseboard heaters; plumbing and electrical upgrades; drywall repairs, trim and paint throughout; new windows, balcony repairs and upgrades; and all suites are separately metered.

Learn more about the properties.

For more information about Centurion Asset Management Inc., Centurion Apartment REIT, Centurion Property Associates or The MARQ, visit us online at www.centurionreit.com.

Acquisition closed successfully on May 6, 2015.