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Lenny Drimmer
Leonard Drimmer
CEO

News / Press Releases

May 10, 2007

TransGlobe's rapid expansion in B.C. continues with an additional 57 ± units in the Burnaby area rental market.

Mississauga , ON – May 10, 2007 – TransGlobe Property Management Services continues its coast-to-coast expansion plans with the acquisition of one residential apartment building in the Burnaby , BC area.  The latest deal adds 57 units to TransGlobe's portfolio and demonstrates the company's commitment to growth in British Columbia .

The building is located at:

· 6550 Nelson Street, Burnaby, B.C

The property is well located and in close proximity to several retail amenities.  Today's transaction adds another 57± units to TransGlobe's residential portfolio of over 23,000 apartment units.  Renters can choose from one and two bedrooms suites.

Since TransGlobe broke into the B.C. rental market, it has been steadily growing in the region.  To date, the company has amassed several apartment suites in B.C. 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 proud to continue expanding into B.C. which has a strong rental market and a growing economy.  We are particularly proud that we can continue our tradition of providing comfortable and renovated housing to B.C. renters.” says Daniel Drimmer , TransGlobe President.

Future expansion plans in B.C. can be 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 and other major population centres.

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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