Centurion Apartment REIT Announces the pending Acquisition of another Student Housing Property in Waterloo
Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of their 43rd property, a 176 bed student housing building in Waterloo.
Being branded The MARQ Waterloo at 168 King Street North, this 10-storey building has a total of 36 units, thirty-five 5-bedroom suites and one 1-bedroom penthouse suite.
Most of the suites feature a living room, open kitchen with breakfast bar, five bedrooms each with their own ensuite bathroom, as well, in unit laundry, a fridge, stove, microwave and dishwasher. The penthouse suite also features a balcony. All units are fully furnished with quality furniture and a flat screen television. Common areas include a student lounge with a fireplace and a large screen television, a gym, study room, 35 parking stalls (a mix of underground and surface spots), bike racks, and entrance lobby with vending machines.
The MARQ Waterloo at 168 King Street North which corners King St. N and James St. is conveniently situated across from two other Centurion student housing properties (The MARQ at 167 and 173 King Street North).
This property is located walking distance to both Wilfrid Laurier University and the University of Waterloo, but is also on the main bus route with a stop in front of the building. King Street North extends into the downtown core, accessible from the highway and boasts many shops, eateries and access to big box retail establishments.
This acquisition will close on or about October 7th, 2014 and will be managed by Centurion Property Associates Inc., through The MARQ www.themarq.ca.
The MARQ is dedicated exclusively to providing students with superior housing options with well-managed properties that are close to everything that's important in a student's life. Both students and their parents will appreciate the safe, clean and comfortable apartments.
For more information about Centurion Asset Management Inc., Centurion Apartment REIT, Centurion Property Associates or The MARQ, visit us online at www.centurionreit.com.
Update: The transaction closed successfully on October 7, 2014.