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Lenny Drimmer
Leonard Drimmer
CEO

News / Press Releases

June 22, 2007

TransGlobe is proud to add Niagara Falls , Ontario to their portfolio with the purchase of one residential building consisting of 36 ± units.

Niagara Falls , Ontario – June 22, 2007 “We are thrilled to be emerging into the town of Niagara Falls as part of our expansion”, says Daniel Drimmer, President of TransGlobe. This purchase represents TransGlobe's first acquisition in the town of Niagara Falls and fits with the ongoing strategy of expanding and diversifying its portfolio in the Ontario region.

The building is located at:

· 7030 Casey 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, the Niagara Casino and restaurants.  The world renown attraction nearby is Niagara Falls commonly addressed as one of the “ Seven Wonders of the World ”.

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 Ontario rental market, it has been steadily growing. To date, the company has amassed over 4,500 apartment suites in the GTA with a total of 23,000 suites cross country.  The Canadian based property management company has become recognized as one of the country's largest landlords.

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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If you would like more information about this topic, or to schedule an interview with Daniel Drimmer, President or Leonard Drimmer, CEO, please call Holly Dollinger at 905-629-7770 or email hdollinger@GOtransglobe.com.
 
 

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