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
July 26, 2024
A trip to Paris wouldn’t be complete without indulging in France’s most iconic culinary delights, from buttery croissants to fine cheeses and wine.
Buyer
July 26, 2024
Two newly published data reports are offering very different views on the best markets for rental housing.
Buyer
July 25, 2024
When 51-year-old Pazit Aviv walks her dog in her Silver Spring, Md., neighborhood, it takes an extra 30 minutes as she inevitably gets lost in an impromptu chat with a… Read more
Buyer
July 25, 2024
If you’re in the market to buy a home, there’s some exciting news for you.
Lifestyle
July 24, 2024
The success of a food or drink business is predicated on many things—quality, flavor, price and market reach, to name a few—but in a world plagued by climate change, w… Read more
Buyer
July 24, 2024
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.
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