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.
Lifestyle
May 9, 2025
Design thinking is an iterative problem-solving framework that puts users’ needs at the center of every tech solution.
Lifestyle
May 9, 2025
Growing your own culinary herbs, such as mint, rosemary, or thyme, is an excellent way to enhance your home-cooked meals while also honing your gardening skills.
Buyer
May 9, 2025
Mortgage application activity picked up with new gusto for the week ending May 2, according to data from the Mortgage Bankers Association (MBA).
Seller
May 8, 2025
As you think ahead to your own move, you may have noticed some houses sell within days, while others linger.
Buyer
May 8, 2025
With all the uncertainty in the economy, the stock market has been bouncing around more than usual.
Buyer
May 6, 2025
Saving up to buy a home can feel a little intimidating, especially right now.
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