In the News

Find out the latest news on Centurion as it happens. Learn about our most recent acquisitions, major transactions, and/or company developments. Visit the archive for past press releases and company announcements.

November 12, 2019

Centurion REOT Announces the Acquisition of its First Medical Office Property in Toronto, Ontario

Centurion Asset Management Inc., the asset manager of Centurion Real Estate Opportunities Trust (“REOT”), is pleased to announce that it has completed the purchase of a 75% interest in a medical office building in Toronto, Ontario. This transaction is Centurion’s first medical office acquisition.

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November 12, 2019

Centurion follows ‘opportunity’, buying 6 W. Canada apartments

Centurion President and CEO Greg Romundt speaks with RENX about the company's recent acquisitions in Western Canada.

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November 8, 2019

Centurion Apartment REIT Announces the Pending Acquisition of a New Multi-Residential Apartment Property in Regina, Saskatchewan

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of a 50% interest in a newly constructed multi-residential property in Regina, Saskatchewan. This new acquisition will bring Centurion's portfolio to five properties and 571 rental units in Regina. The anticipated closing date of this transaction is March 2020.

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November 8, 2019

Centurion Apartment REIT Announces the Pending Acquisition of Three Multi-Residential Apartment Properties in Edmonton, Alberta

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of three high-rise multi-residential properties in Edmonton, Alberta. The portfolio has a total of 832 rental apartment units and 38,702 sqft of commercial space across three properties. This new acquisition will increase Centurion’s current Edmonton portfolio to 1,278 rental units. The anticipated closing date for this transaction is in January 15, 2020.

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November 8, 2019

Centurion Apartment REIT Announces the Pending Acquisition of a Mixed-Use, Multi-Residential Apartment Property in Edmonton, Alberta

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of a Class A, mixed-use, multi-residential property in Edmonton, Alberta. This new acquisition will bring Centurion's portfolio to six properties and 1,278 rental units in Edmonton, subsequent to the closing of the other Edmonton acquisition previously announced. The anticipated closing for this transaction is on December 13, 2019.

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November 8, 2019

Centurion Apartment REIT Announces the Pending Acquisition of a New Multi-Residential Apartment Property in Langford, British Columbia

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of another newly constructed multi-residential property in Langford, British Columbia. The property is adjacent to five other properties that Centurion purchased in July 2019. This new acquisition will bring Centurion's portfolio to 10 properties and 664 rental units in the Greater Vancouver Area. The anticipated closing of this transaction is on December 9, 2019.

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September 30, 2019

Centurion Apartment REIT Announces the Sale of Royal and Wales Apartments in Kitchener, Ontario

Centurion Apartment Real Estate Investment Trust (“REIT”) has completed the sale of Royal and Wales Apartments (46-56 College Street, 58-66 Weber Street, and 96 Young Street) in Kitchener, Ontario for $9.95 million. The property has a total of 74 units and was originally purchased in 2015.

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September 26, 2019

Centurion Apartment REIT Opening (Limited Capital Equity Raise)

Centurion Asset Management Inc. is pleased to announce a total $150-million limited capital equity raise for Centurion Apartment Real Estate Investment Trust ("REIT"). The first $50-million raise will close on November 1, 2019, followed by a second $50-million raise on December 1, 2019, and the last on January 1, 2020.

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September 25, 2019

Centurion Apartment REIT has Closed the Acquisition of a New Multi-Residential Apartment Property in Surrey, British Columbia

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce that it has completed the acquisition of a newly constructed multi-residential property in Surrey, British Columbia.

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September 17, 2019

Centurion Annual General Meeting Results and Presentation

The Annual General Meetings (AGMs) for Centurion Apartment Real Estate Investment Trust (“REIT”), Centurion Real Estate Opportunities Trust (“REOT”), and Centurion Financial Trust (“CFIT”) were held in Toronto on September 17, 2019.

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