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On April 26, 2022, Centurion Apartment REIT completed the purchase of 30 multi-unit residential buildings in and around Montreal.
The portfolio comprises 30 newly-constructed, multi-family properties totaling 3,678 rental units located throughout the Greater Montreal Area and represents the largest single multi-family acquisition to date in Quebec. The addition of this portfolio increases Centurion’s total units under ownership to 19,128.
Centurion was represented by Cassels.
Parties
Company
Centurion Asset Management Inc.
Company
Centurion Apartment REIT
Deal Type
Financing/InvestmentIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
26 April 2022