| March 23, 2007 |
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TransGlobe continues growth in New Brunswick rental market. |
Canadian Property Management Company adds 111 apartment suites to its Saint John portfolio. |
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Saint John –NB– March 23, 2007 –TransGlobe Property Management Services continues its Atlantic Canada expansion, with today’s acquisition of 12 residential apartment buildings in Saint John, New Brunswick.
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Today’s purchase solidifies the company’s commitment to growth in the Eastern Provinces and in the port city’s residential market. This acquisition adds other 111± units to the company’s residential portfolio, which now stands at over 21,500 units from coast to coast. |
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As New Brunswick’s largest municipality, Saint John serves as an attractive area for the growing property management company. Its’ vibrant community plans, make the city an attractive place to live and work. |
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TransGlobe also takes great pride in being one of the city’s newest employers. |
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“We are proud to be expanding our holdings in the Saint John rental market. Saint John is a wonderful place to live and we are delighted to be providing residents with a superior rental product at affordable rates.” says TransGlobe President, Daniel Drimmer. |
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Residents will benefit from the new management of owners who value good tenant relations. A standard for the company is its high service standards and with the implementation of a 24-hour, 7-day-a-week Customer Care Centre.
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“We look forward to serving our new tenants and providing them with exceptional service. We fully embrace the concept that affordable housing shouldn’t compromise quality,” says Leonard Drimmer, TransGlobe CEO.
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The buildings are located at:
1, 2, 3, 6, 7, 10, 11, 14, 15, 19, 23 Reading Crescent7 Roxbury Drive |
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In the usual TransGlobe fashion, significant dollars will be invested into the properties with a focus to improve the rental experience for residents. The buildings are scheduled for full interior and exterior renovations. The upgrade plans fall into the TransGlobe standard set by the owners who understand that building enhancements improve the lives of tenants.
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As advocates for affordable rental housing, the company’s goal is to continue to provide reasonably priced housing in an upgraded living environment.
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“Not only is it a great city in which to live, but it boasts some of nature’s most beautiful scenery; and the Residents of Saint John are some of the friendliest in the country,” notes Leonard Drimmer, CEO.
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This deal follows a 151 apartment acquisition in Halifax Regional Municipality, which concluded merely 5 weeks ago.
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Ownership and management of the properties begin today.
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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 and other major population centres. |
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With more than a decade of management experience, a portfolio that includes over 21,500 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
Brenda Hajdu at 416-629-6844 or email
bhajdu@GOtransglobe.com. |
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