|
| October 19, 2006 |
|
|
TransGlobe further solidifies roots in BC’s rental market with a 13-building property acquisition, totaling approximately 700 units. |
| |
Vancouver –BC – October 19, 2006 –The Trail Blazers of the property management industry, TransGlobe Property Management, swept through BC today and scooped up 13 residential properties in the process, topping the company’s already impressive portfolio in BC to over 2000 units and raising its national total to 18,000 apartment units to date.
|
|
Today’s deals represent four separate transactions, over seven BC cities—all closing in one eventful day. |
| |
Just two days after the company made its entry into Calgary’s rental market with the acquisition of a 360-unit residential and 65,000 sq. ft. commercial property, and one week after it took the Ottawa Region rental market by storm with the purchase of 13 apartment buildings, TransGlobe wasted no time in securing another 700± units—fulfilling the company’s promise to considerably expand its presence in Western Canada. |
| |
The buildings are located at:
- 525 Eleventh Street, New Westminster
- 309-357 Millstone Avenue, Nanaimo
- 631-669 Rosehill Street, Nanaimo
- 10030 – 137A Street, Surrey
- 225 East 13th Street, North Vancouver
- 328 East 3rd Street, North Vancouver
- 905 Fourth Avenue, New Westminster
- 1021 Fourth Avenue, New Westminster
- 7465 13th Avenue, Burnaby
- 751 Clarke Road, Coquitlam
- 544 Sydney Avenue, Coquitlam
- 329 Sherbrooke Street, New Westminster
- 246 Gorge Road East, Victoria
|
| |
“We love the province of British Columbia and are particularly proud to have solid roots, and to provide affordable housing, in the Vancouver residential market. The city is one of the most livable and beautiful in the world. It is a great place to call home and we are delighted to be a part of it,” contends TransGlobe President Daniel Drimmer. |
| |
A deal of this magnitude will undoubtedly impact a vast number of BC tenants; however, with a solid infrastructure supported by 700 employees, this deal can only be viewed as a step in the right direction. The advocates for affordable living will continue to rent apartments at reasonable rates. |
| |
“Our new tenants can look forward to the high service standard that defines TransGlobe. Not only will residents reap the benefits of a company that boasts some of the most highly trained Building Representatives in the industry, they can have their service needs met any time of the day, when they need it, through our 24-hour, 7-days-a-week Customer Care Centre,” says Leonard Drimmer, TransGlobe CEO. |
| |
The properties consist of 1, 2 and 3 bedroom units, and like all TransGlobe properties, tenants will enjoy affordable rental rates in safe, well-maintained and well-managed apartment buildings. |
| |
Ownership and management of the properties 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, Ottawa, Cornwall, the GTA, Burlington, Kitchener-Waterloo, London, Vancouver, Victoria and other major population centres. |
| |
With more than a decade of management experience, a portfolio that includes over 18,000 apartments and more than 5 million square feet of commercial space, TransGlobe is dedicated to property management with integrity. |
| |
- 30 - |
|
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. |
| |
| |
|
|
|
