EQUITON EXPANDS PRESENCE IN GTA WITH ACQUISITION OF BRAMPTON APARTMENT BUILDING
The building, which will be known as Braemar Place, has 15 floors, 153 units and 198 indoor and outdoor parking spaces combined. It is conveniently located at 78 Braemar Drive in Brampton across from downtown Bramalea, one of the largest malls in Canada. This property offers spacious, renovated suites and condo-style amenities, including storage lockers, bicycle storage, a playground, and an outdoor pool.
To boast 74 consecutive months of positive returns since inception, The Apartment Fund now comprises 29 properties in 15 communities across Southern Ontario with a total unit count of 2,117. The Fund already owns several other properties in the GTA, so the addition of these additional units will further improve operational efficiencies and management synergies.
“We are truly excited to expand our presence in the GTA with this acquisition. With its large suites, sought-after amenities and convenient location near public transportation, shopping and restaurants, this property will appeal to a tenant base diverse,” commented Jason Roque, Founder and CEO of Equiton. “Additionally, the significant capital investments made recently to upgrade the building and renovate the suites make this an important addition to our apartment fund, which will benefit our investors.”
Equiton Living will manage the property and rental inquiries can be made at www.equitonliving.com.
The Equiton Apartment Fund is a private real estate investment trust with a proven track record as a stable and strong player in Canadian private real estate and alternative investing. The Fund’s strategy is to acquire existing multi-residential properties, select new developments and apply its expertise and global management approach to create significant value for investors.
To learn more about Equiton, please visit our website at www.equiton.com.
For further information: Kathy Gjamovska, Vice President, Marketing and Communications, [email protected]289-208-0817