| October 12, 2006 |
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Toronto residential apartment buildings acquisition builds upon TransGlobe’s GTA stronghold |
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Toronto –ON – October 12, 2006 –Two Toronto properties located at 99 and 150 Dowling Avenue in the city’s South Parkdale community are the latest additions to TransGlobe Property Management’s sizable 16,500-plus residential lineup.
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These multi-unit buildings add another 177 apartment units to the company’s residential portfolio and offer bachelor, one and two bedroom suites. |
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Hailed as the “2006 Movers and Shakers” of the apartment industry by Canadian Apartment Magazine, TransGlobe has been amassing residential and commercial properties throughout the country. And the industry leader shows no signs of slowing down. |
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This purchase comes on the heels of a 13-building acquisition in the Ottawa region which also closed today, adding another 572 apartments to its residential portfolio. |
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With a vibrant rental market, a high quality of life, and reliable services in one of the safest urban environments in the world, the GTA has become a TransGlobe prime rental location for affordable housing.
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“Toronto’s diverse neighbourhoods are what makes it special—and one of the most enviable places to live. Just about every cultural group in the world is represented here. Plus, it is central to everything. Renters can live, work and play without ever having to leave the city,” comments Daniel Drimmer, TransGlobe President. |
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Situated on the cusp of the Toronto shoreline, the properties are conveniently located near to schools, shops, theatres, restaurants and are just minutes away from the Gardiner Expressway. |
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The deal solidifies TransGlobe’s presence in the GTA rental market with approximately 4,000 units scattered throughout Toronto, North York, Scarborough, Etobicoke and Mississauga.
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“It is true that we are acquiring apartments at a rapid rate but our main goal has always been and will always be to provide our tenants with a positive rental experience by putting high service standards above all,” contends TransGlobe CEO, Leonard Drimmer. |
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The company plans to continue expansion in the GTA and future acquisitions can be expected. |
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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, Ottawa, Cornwall, the GTA, Burlington, Kitchener-Waterloo, London, Vancouver, Victoria and other major population centres.
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With more than a decade of management experience, a portfolio that includes over 16,500 apartments and more than 4.5 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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