| November 21, 2006 |
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TransGlobe continues to grow GTA holdings with the purchase of four residential apartment buildings. |
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Toronto–ON– November 21, 2006 –The purchase of four multi-unit apartment buildings is the latest acquisition in TransGlobe Property Management Services’ growing lineup of GTA residential properties, the company announced today.
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The buildings are located at:
1660 Bathurst Street
569 Broadview Avenue
9 Tennis Crescent
64
Wellesley Street East
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Together they add 214± units to the company’s impressive residential portfolio of over 18,500 apartment suites coast-to-coast. Each building offers various unit types, ranging from bachelor to three bedroom suites.
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The buildings are dispersed throughout the City of Toronto, one of the most desirable places to live, work and raise a family. Moreover, with its strong economy and accessibility to services, Toronto is also one of the most sought-after rental regions. |
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"We are happy to add these properties to our GTA holdings. Toronto is a vibrant city with a diverse population of many cultures. These apartments will offer affordable living to suit various lifestyles, including families, students and seniors," says TransGlobe President Daniel Drimmer. |
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The Bathurst Street apartment neighbours an adjacent TransGlobe property and joins a number of existing TransGlobe apartment buildings located on the same street. Each property is conveniently located close to all amenities including schools, parks and shopping facilities. |
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This deal strengthens TransGlobe’ presence in the GTA region where the company currently owns and manages approximately 4,500 apartment suites. In addition to properties in Toronto, TransGlobe has buildings throughout North York, Scarborough, Mississauga and Etobicoke.
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As advocates for affordable housing, the company has become renowned for providing reasonable rental rates to its tenants and will continue this tradition. Equally important is the company’s commitment to providing exceptionally high service levels through its implementation of a 24-hour, 7-day-a-week Customer Care Centre. TransGlobe’ newest residents will have their maintenance and tenant issues responded to in a timely and professional manner any time of the day or night by dialing one number: 1-888-310-7000. |
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"Our commitment to service is what separates us from the others. We are always striving to meet or exceed our tenants’ expectations by ensuring that we respond to their needs quickly. We listen to them and value their feedback which helps us in our efforts for continuous improvement,"comments Leonard Drimmer, TransGlobe CEO. |
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The company will persist with its GTA expansion and future acquisitions can be expected. Ownership and management of the properties begins today. |
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About TransGlobe Property Management: TransGlobe Property Management Services 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 18,500 apartments and more than 5 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 416-234-8444 ext. 1920 or email bhajdu@GOtransglobe.com. |
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