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.
January 15, 2020
Centurion Apartment REIT has Closed the 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 that it has completed the 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 has increased Centurion’s current Edmonton portfolio to 1,278 rental units.
January 10, 2020
Centurion Apartment REIT Announces the Pending Acquisition of a New Multi-Residential Apartment Property in Kelowna, British Columbia
Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of a newly constructed multi-residential property in Kelowna, British Columbia. The anticipated closing date for this transaction is in September 2020.
January 7, 2020
Centurion Apartment REIT Announces the Pending Sale of Deloraine Luxury Apartments in Toronto, Ontario
Centurion Apartment Real Estate Investment Trust (“REIT”) wishes to announce the pending sale of Deloraine Luxury Apartments (3443 Bathurst Street) in Toronto, Ontario. The property has a total of 23 units and was originally purchased in 2013. The anticipated closing date of this transaction is February 2020.
January 6, 2020
2019 Bonus Distribution
Following a successful year, Centurion Asset Management Inc. is pleased to announce that a Bonus Distribution was paid to unitholders of Centurion Real Estate Opportunities Trust ("REOT") as at December 31, 2019.