TransGlobe continues to expand into Western Canada at a torrid pace – the firm adds 21 residential blocks with 253± suites to its Calgary portfolio
Calgary , Alberta – January 10, 2008 – TransGlobe Property Management Services announced today the acquisition of Pineridge Greene apartments - a rental community of 21 residential blocks in one of Calgary 's Northeast neighbourhoods, also known as Pineridge. Together they add a total of 253± suites to the firm's continuously expanding residential portfolio.
The community is located at:
· 5300 Rundlehorn Drive NE
“This property fits very well with what we look to include in our portfolio,” said Daniel Drimmer, President of TransGlobe. “It is situated in a residential neighbourhood that offers a number of shopping amenities and schools, easy access to local parks and community centers, and a pathway system that provides recreational opportunities for local residents.”
The property is equally accommodating in terms of its amenities as well as the type of suites it offers. Its residents enjoy the benefits of an onsite recreation centre with a squash court and a sauna as well as having a laundry room in each one of the 21 blocks. Every suite has either a balcony, or a walkout patio if located on the ground floor. All 2-bedroom suites also include a dishwasher and 1.5 bathrooms.
“We also plan on investing in renovations and maintenance of the property, just as we do with all of our new acquisitions,” continued Daniel Drimmer. “This will be a very important part of our Calgary portfolio and a true standout on the local rental housing market.”
“The demand for quality rental housing in Calgary is currently very high,” continued Daniel Drimmer. “This acquisition gives another 253 suites which in combination with our management style based on innovation, integrity and superior resident care will offer the area's residents some truly quality rental options”.
TransGlobe originally entered the Western Canadian rental housing market in 2005 and currently owns and manages over 3,500 residential suites between Alberta and B.C. The firm plans to explore every opportunity to further expand its presence in the area 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 25,000 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 as well as dedicated maintenance teams, both designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com |
