TransGlobe announces major investments into the Lethbridge rental housing market; the acquisition of 547± residential suites instantly vaults it into the rank of the city's largest landlord
Lethbridge , Alberta – February 29, 2008 – TransGlobe Property Management Services announced today the acquisition of nine properties located in residential communities throughout Lethbridge . Together they add 547± suites to the firm's portfolio and give it the distinction of being the city's largest landlord.
The buildings are located at:
· 37 Berkeley Place West
· 175 Columbia Boulevard West
· 256 Mayor Magrath Drive North
· 590, 600 Columbia Boulevard West
· 1304-1310 23 rd Avenue
· 1603-1615 Scenic Drive South
· 2014 15 th Avenue North
· 3210 23 rd Avenue South
· 3310 23 rd Avenue South
This acquisition comes on the heels of TransGlobe's purchase of 253± rental suites in Calgary in January of this year. The firm's decision to extensively invest in Alberta 's rental housing stock will help address the province's soaring demand.
“There is a shortage of quality rental housing throughout Alberta right now and Lethbridge is a perfect example of that,” commented Daniel Drimmer, TransGlobe's President. “We are glad to be a part of the solution and offer our resident-focused style of property management to as many local residents as we can.”
TransGlobe plans to refresh the properties and bring them up to its quality standards. Combined with its 24/7 Customer Care Centre and philosophy of providing a complete rental experience through personal and prompt service, they will offer tremendous value to the local renters looking for quality, budget-conscious rental options. The properties' convenient location near local colleges and universities will also appeal to Lethbridge 's large student population. The complete rental experience offered by TransGlobe will provide the stress-free environment necessary for them to immerse themselves in their studies .
“We certainly considered the fact that Lethbridge is home to t he only university in Alberta situated south of Calgary and that two of the three colleges in southern Alberta have campuses there,” added Daniel Drimmer. “We have always had great success with meeting students' needs and these properties will allow us to do more of the same in Lethbridge .”
This acquisition immediately benefits the local communities where the properties are located and aids the province with its shortage properly managed, quality rental housing stock. However, it also gets TransGlobe closer to achieving the critical mass required to continue introducing its brand of property management to Western Canada .
Further expansion into the area is expected in the coming months.
About TransGlobe Property Management Services
TransGlobe is the proprietor of multiple industrial, commercial and residential properties across Canada . Their locations include a number of major population centers in British Columbia , Alberta , Ontario , Quebec , New Brunswick , Prince Edward Island and Nova Scotia .
With a portfolio of over 27,000 rental suites and more than 5.2 million square feet of commercial space, TransGlobe is one of the largest property management companies in Canada . With aspirations of providing quality rental options to as many Canadians as possible, the company has adapted a firm strategy designed to further expand and diversify its presence from coast to coast.
Backed by over a decade of experience and a philosophy of property management with integrity, TransGlobe remains equally focused on customer service. All of its residents enjoy the benefits of a 24/7 Customer Care Centre designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com |
