Equiton Acquires Multi-Residential Building in Brampton for $63M
1.3 min read
The Equiton Residential Income Fund Trust, a private equity investor, founded in 2015, has acquired a significant multi-residential building in the heart of Brampton, ON, for over $63 million. The acquisition will become a part of The Apartment Funds 29 property portfolio spanning southern Ontario.
Located at 78 Braemar Dr., the 15-storey building comprises 153 units and is situated across from the Bramalea City Centre. Following the announcement, Jason Roque, Equiton’s founder and CEO, stated, “We are truly excited to expand our presence in the GTA with this acquisition. With its large suites, sought-after amenities, and an ideal location close to transit, shopping and dining, this property will appeal to a diverse renter base. Furthermore, the recent significant capital investments to improve the building and renovate the suites make this a strong addition to our apartment fund, which will benefit our investors.”
Storage lockers, bicycle racks, a playground and an outdoor swimming pool are just some of the many amenities that make Braemar place an excellent acquisition.
Learn more about the acquisition.
Reference
Sokic, N. (2022, July 25). Equiton acquires Brampton Apartment Building for $63m: RENX - real estate news exchange. RENX. Retrieved July 26, 2022, from https://renx.ca/equiton-acquires-braemar-place-63-million/
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