TransGlobe continues Kingston expansion with the purchase of 35± unit residential building at 99 Thomas Street.
Kingston , Ontario – June 20, 2007 – TransGlobe Property Management Services continues its coast-to-coast expansion plans with the acquisition of one residential apartment building in Kingston . The latest deal adds 35± units to TransGlobe's portfolio and demonstrates the company's commitment to growth in Kingston , Ontario ; Continuing TransGlobe's commitment to expand in new Canadian rental markets.
The building is located at:
· 99 Thomas Street
The property is well located in a regional area and is located on major bus routes and has easy access to all the major highways, parks, shopping and restaurants. Kingston is known as the “ Limestone City ” due to its historical limestone buildings and is also situated on the St. Lawrence River, the entrance to the picturesque 1,000 Islands .
Today's transaction adds another building to TransGlobe's residential portfolio of over 23,000 apartment units. Renters can choose from one and two bedroom suites.
Since TransGlobe broke into the Ontario rental market, it has been steadily growing in the region. To date, the company has amassed several apartment buildings in Ontario with over 23,000 suites cross country. The Canadian based property management company has become recognized as one of the country's largest landlords.
“We are excited to continue expanding within Ontario which has a good rental market and a growing economy. It demonstrates our commitment to both existing residents in the area and to further growth within the community” says President, Daniel Drimmer.
Future expansion plans in Ontario are expected.
In addition to the company's philosophy of providing quality affordable housing to its tenants, TransGlobe puts a service-driven culture at the core of its operations. Residents will benefit from a landlord that makes tenant satisfaction and retention a main priority, with a customer call center available 24/7 to handle all request and inquiries in 11 languages.
Ownership and management of the property begins today.
About TransGlobe Property Management : TransGlobe Property Management 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 together with other major population centres including P.E.I.
With more than a decade of management experience, a portfolio that includes over 23,000 apartments and more than 5.2 million square feet of commercial space, TransGlobe is dedicated to property management with integrity.
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