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Centurion Apartment REIT Announces Pending Acquisition of 306 Suite Apartment Portfolio in Toronto

March 22, 2011

Centurion Apartment REIT Announces Pending Acquisition of 306 Suite Apartment...

Centurion Apartment REIT is pleased to announce the pending acquisition of a 306 suite apartment portfolio in Toronto.  The portfolio comprises 5 buildings on a single site and includes all of the buildings on this street.  The addresses are 1,2,3,5 and 7 Biggin Court in Toronto. The acquisition price is $26.25 million ($85,784/suite) and is expected to close on or about 7 April 2011. The acquisition will be financed by a combination of cash and new mortgages. 

Map of Location


Update: The property was acquired and the transaction closed as of 7 April 2011.