Equiton Closes on Mississauga Apartment PropertiesJanuary 8, 2020
FOR IMMEDIATE RELEASE: JANUARY 6, 2020
EQUITON RESIDENTIAL INCOME FUND CLOSES ON MISSISSAUGA PURCHASE
BURLINGTON, ON, January 6, 2020 – On December 20, 2019, the Equiton Residential Income Fund completed the purchase of two, 7-storey buildings in Mississauga, Ontario.
The property is situated on approximately 3.05 acres of land and the buildings total 155 units.
Amenities include onsite parking, laundry facilities and a convenience store. The property is in a prime location and only minutes from shopping, restaurants, and amenities, including a major hospital.
It is just south of downtown Mississauga and has easy access to Highway 403 and the QEW. It is also close to public transit, including a GO station that provides convenient access to downtown Toronto.
“We have been monitoring the Mississauga rental market over the last year and we believe this acquisition has great upside,” noted Jason Roque, Chief Executive Officer at Equiton. “We have the opportunity to add significant value.”
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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