Equiton Residential Income Fund Closes on a Second Kingston PurchaseMay 31, 2018
FOR IMMEDIATE RELEASE: MAY 31, 2018
EQUITON RESIDENTIAL INCOME FUND CLOSES ON A SECOND KINGSTON PURCHASE
BURLINGTON, ON – Equiton Residential Income Fund has closed on a new property acquisition in Kingston, Ontario. The building is comprised of 34 units (32 residential and 2 commercial) and is located at 1379 Princess Street in Kingston. The property is in a good location with a healthy rental demand. It is within a few minutes drive to the St. Lawrence River, shopping, restaurants, Highway 401 and Queen’s University. Kingston has a population of over 172,000 residents, and within an eight-hour drive, it represents the third largest GDP concentration in North America.
The building is well-maintained and Equiton believes there is an opportunity for value-add improvements and operational efficiencies.
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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