TransGlobe is proud to add Prince Edward Island to their portfolio with the purchase of four residential buildings consisting of 48± units.
Summerside, Prince Edward Island – May 31, 2007 – TransGlobe Property Management Services continues its coast-to-coast expansion with the acquisition of four multi-unit residential apartment buildings. Each building is basically identical with a mix of one and two bedroom apartment units. The latest deal adds 48± units to TransGlobe's portfolio and demonstrates the company's continued commitment to growth in the East by entering the P.E.I. market.
The buildings are located at:
· 306, 310, 320 & 322 Jennifer Street , Summerside , Prince Edward Island
The properties are well located in the north end of Summerside. This location is in close proximity to schools, employment, shopping and recreational facilities with convenient access to the downtown area. They have good access to local commercial and retail providing ample community services.
To date, the company has grown their residential portfolio to over 23,000 suites cross country and are proud to be part of the P.E.I. rental market. The Canadian based property management company has become recognized as one of the country's largest landlords.
“We are proud to be expanding into P.E.I. which has a good rental market and a growing economy. We are particularly proud that we can continue our tradition of providing comfortable and renovated housing to P.E.I. renters.” says Daniel Drimmer, TransGlobe President.
Future expansion plans in P.E.I. 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 requests 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 P.E.I. 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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