Equiton Closes $21.5 Million Acquisition Of Multifamily Property In London, Ontario
WRE News October 27, 2023
Buyer
WRE News October 27, 2023
Buyer
The Equiton Residential Income Fund Trust, a Canadian private equity firm, has completed its $21.5 million acquisition of Scenic Tower, a multifamily property in London, Ontario.
The nine-story Scenic Tower has 115 units, and 148 combined outdoor and underground parking spots. It is located in a residential neighborhood in Southeast London near public transportation and Highway 401.
“We are thrilled to add Scenic Tower to our portfolio. Scenic Tower is an excellent addition to Equiton’s Apartment Fund, showcasing our strategic approach to real estate investment, combining location, quality, and market potential, and then actively managing the property with a focus on increasing the value organically, through improved operational efficiencies, functionality and aesthetics,” said Ryan Donkers, vice president of acquisitions at Equiton.
Stay up to date on the latest real estate trends.
Buyer
April 19, 2025
There’s an ongoing conversation in the health and wellness space surrounding sleep hygiene, or the practices and rituals that promote quality sleep.
Buyer
April 19, 2025
Just 33% of 30-year-olds in the U.S. own a home today, down from 47% in 1984, as the typical age of first-time homebuyers continues to rise.
Buyer
April 19, 2025
With rent payments soaking up to as much as one-third of median income in some areas, WalletHub is now offering its study “Cities with the Most Affordable Rent” to det… Read more
Lifestyle
April 18, 2025
Exercising and staying fit while traveling, especially during long flights, can be challenging.
Lifestyle
April 18, 2025
A thriving houseplant is one of the easiest (and most cost-effective) ways to infuse your space with a bit more life.
Buyer
April 18, 2025
Mortgage application activity slowed for the week ending April 11, according to data from the Mortgage Bankers Association.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today