Alignvest Student Housing has completed the acquisition of a purpose-built student accommodation property located at 1680 Lincoln Avenue in Montreal, Quebec.

“We are excited to announce this strategic acquisition, as it further diversifies our REIT’s portfolio and solidifies our position as the leading owner and operator of Canadian student housing,” said Sanjil Shah, Managing Partner of Alignvest. “With this acquisition, we own in excess of 7,100 student housing beds across Canada. Further, this acquisition marks our entry into Montreal, which is home to several universities and colleges in need of housing for their students. We look forward to further growth in Quebec.”

The property, known as “The Link” is a newly constructed, 18-storey building located steps away from Concordia University and within walking distance of McGill University. The property is equipped with 246 beds in 101 fully furnished units, including studios, two-, three-, and four-bedroom suites in a wide variety of configurations.

According to Alignvest, The Link features several amenities, including a fitness room, social rooms, a rooftop terrace, smart package lockers, and an underground parking garage.

Like other major cities in Canada, the lack of student housing in Montreal has posed problems for both returning and international students.

Visit Alignvest Student Housing Real Estate Investment Trust at www.alignveststudenthousing.com.