Equiton Closes On Markham Apartment BuildingApril 1, 2019
FOR IMMEDIATE RELEASE: APRIL 1, 2019
EQUITON RESIDENTIAL INCOME FUND CLOSES ON MARKHAM PURCHASE
BURLINGTON, ON, April 1, 2019 – On March 29, 2019, the Equiton Residential Income Fund completed the purchase of a 64-unit apartment building in Markham, Ontario. Equiton purchased the property for $21 million.
“We are pleased to complete this acquisition which will be our first in Markham” commented Jason Roque, Chief Executive Officer at Equiton. “Equiton believes this acquisition will help grow and enhance the portfolio to the benefit of our investors.”
The property is in a prime location and only minutes from shopping, restaurants, and amenities. It has easy access to Highway 407, Highway 404 and 7. It is also close to public transit including a GO station, which provides convenient access to downtown Toronto.
The acquisition of this property further enhances Equiton’s presence in Ontario, further demonstrates its access to investment opportunities, and displays its ability to maximize investor unit value by accretive acquisitions.
Equiton is a private equity firm that specializes in providing private market real estate investments to Canadians. It is led by a senior team of industry veterans who have more than 100 years of combined real estate, investing and management experience. Collectively they have overseen the acquisition and management of over $10 billion in real estate, developed over 100 million square feet of real estate projects and overseen a combined portfolio of more than 10,000 apartments in Canada and the United States.
For more information see: https://www.equiton.com
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