TransGlobe’s residential portfolio continues to grow with the acquisition of a 101± suite building in Toronto’s East end
Toronto, Ontario – September 11, 2007 – TransGlobe Property Management Services announced the newest addition to the residential segment of its portfolio today. This is the company’s ninth residential acquisition in the past six weeks.
The 9-storey, 101± suite building is located at:
- 2283 Eglinton Avenue East
This accommodating property oversees the Eglinton Ravine and offers its residents plenty of parking, a lobby protected by security cameras, an on-site laundry room, easy access to public transit as well as an array of one, two, and three bedroom layouts with balconies. The building’s immediate surroundings feature a number of schools, churches, department and grocery stores as well as many local eateries.
Following the acquisition, TransGlobe’s president Daniel Drimmer said, “The GTA has been the site of an important push in our expansion plans. It is the main Canadian population centre and we try to offer our residents as many rental options here as possible. This building also happens to represent what we look for in a residential property – convenient location, accommodating layouts and a mature, residential neighbourhood around it.”
This acquisition also symbolizes TransGlobe’s typical approach to its newly purchased properties. Over the coming months the company will implement an extensive renovation plan which will vastly improve its residents’ day-to-day experience and transform the building into a true standout of the neighbourhood.
“We do not just put up our signs all over a building and call it ours,” commented Daniel Drimmer. “Despite its vast potential, we really feel that this property needs to be refreshed. That is why we will completely revamp it and bring it on par with our quality standards. We will not any waste time either – our crews are starting tomorrow,” he added.
“At the end of the day, we know that this will improve the wellbeing and overall satisfaction of our residents as well as the surrounding community and that makes it all worthwhile for us,” summarized Daniel Drimmer.
Further expansion in the GTA area is expected.
About TransGlobe Property Management Services
TransGlobe is the proprietor of multiple industrial, commercial and residential properties across Canada. Their locations include a number of major population centers in British Columbia, Alberta, Ontario, New Brunswick, Prince Edward Island and Nova Scotia.
With a portfolio of over 24,000 rental suites and more than 5.5 million square feet of commercial space, TransGlobe is one of the largest property management companies in Canada. With aspirations of providing quality rental options to as many Canadians as possible, the company has adapted a firm strategy designed to further expand and diversify its presence from coast to coast.
Backed by over a decade of experience and a philosophy of property management with integrity, TransGlobe remains equally focused on customer service. All of its residents enjoy the benefits of a 24/7 Customer Care Centre, a dedicated maintenance team as well as a Rental Rewards program - all designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com
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