| December 20, 2006 |
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Albro Lake Acquisition Joins Family of Affordable TransGlobe Residential Buildings. |
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Dartmouth–NS– December 20, 2006 –A multi-unit residential building purchased by TransGlobe Property Management Services today is the latest addition to a community of affordable apartment buildings owned and managed by the property management giant.
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The building, located at 117 Albro Lake Road, consists of 11 two-bedroom units and is situated in the same community as the company’s Primrose Street, Leaman Drive and Victoria Road properties. Other buildings located on the same street include 104, 106, 143, 147 and 149 Albro Lake Road. |
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This purchase is a strategic move on the part of the company as it continues to expand in Dartmouth and Halifax Regional Municipality. Only six weeks ago the company purchased three more buildings in Dartmouth, two of which are on Albro Lake Road. |
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"The friendly and charming communities of Dartmouth make this region a very desirable place to grow our portfolio. We have developed a significant presence here and we will continue to seek out opportunities to further strengthen our hold in HRM," says TransGlobe President Daniel Drimmer. |
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The building sits in a quiet residential area and is conveniently located close to Burnside Industrial Park and both bridges that connect Dartmouth to Halifax. It is also close to the Navy base and downtown Halifax. |
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TransGlobe has been particularly successful in acquiring mid-market assets and leveraging them to provide quality affordable housing to tenants. It is renowned for buying under-managed buildings and completely repositioning them through renovations and upgrades. This measure significantly improves a resident’s perception of their home and overall quality of life. To-date, the company has garnered over 19,000 apartment units coast to coast—8,000 were acquired this year alone. |
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Despite its record growth, TransGlobe has always put tenant satisfaction at the centre of its operations. The company has won much acclaim for its dedication to customer service which can be seen in its implementation of a 24-hour, 7-day-a-week Customer Care Centre. The centre provides round-the-clock service and is committed to responding to maintenance requests and tenant issues in a timely manner.
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"We have developed a culture that is entirely focused on the tenant’s satisfaction. Our residents can count on prompt, professional service no matter the issue—and this philosophy is upheld throughout the company, whether you are dealing with front-line staff or senior management," says TransGlobe CEO, Leonard Drimmer. |
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TransGlobe entered the Nova Scotia rental market in May, 2005 and currently owns and manages over 1,800 apartment units throughout HRM. Ownership and management of the properties begin today. |
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About TransGlobe Property Management: TransGlobe Property Management Services is the landlord for multiple industrial, commercial and residential properties from coast-to-coast. Locations include Halifax, Saint John, Ottawa, Cornwall, the GTA, Burlington, Kitchener-Waterloo, London, Calgary, Vancouver, Victoria and other major population centres. |
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With more than a decade of management experience, a portfolio that includes over 19,000 apartments and more than 5 million square feet of commercial space, TransGlobe is dedicated to property management with integrity. |
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If you would like more information about this topic, or to schedule an interview with Daniel Drimmer, President or Leonard Drimmer, CEO, please call Brenda Hajdu at 416-234-8444 ext. 1920 or email bhajdu@GOtransglobe.com. |
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