Marking a busy month for Centurion Asset Management, the company announced in early February it had acquired two-thirds ownership in an apartment portfolio located in Montreal, Quebec, and has executed an agreement to acquire the remaining one-third ownership in the coming months. Since then, it has also acquired “Le Central” in Gatineau.

“Centurion is excited to announce the closing of the largest multifamily acquisition ever in Quebec. This acquisition supports our vision of developing rental apartments in well-located, rapidly growing suburban communities,” said Greg Romundt, Centurion President and CEO. “We will continue to focus on building our portfolio to include a diverse range of well-constructed, multifamily offerings in high growth, proven markets throughout the country.”

Built between 2016 and 2021, the Montreal portfolio includes 30 newly constructed, multifamily properties totaling 3,678 rental units in a mix of studio, one, two, and three-bedroom suites. The buildings offer numerous onsite amenities including outdoor pools, terraces, fully equipped fitness rooms, lounge areas, and meeting rooms. Coupled with each property’s attractive location, the amenity features have enabled the properties to attract a broad and significant appeal to both the mature and young professional demographic. They are all well-located within proximity to schools, entertainment, shopping, parks, and  existing and future public transit developments.

“Le Central” in Gatineau, Quebec, is located in the city’s Plateau submarket. Construced in several phases between 2018 and 2020, the property is comprised of seven four-storey institutional-quality buildings totalling 345 apartment suites.