On June 21, 2023, Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, announced the acquisition of Phase I of Knox Village, a three-phase multi-residential apartment portfolio, in Kelowna, BC.
The Knox Village portfolio consists of four mid-rise, multi-residential apartment buildings constructed in three phases. Phase I, totaling 60 units, was recently completed. Phase II, totaling 61 units, is set to be completed at the end of this year and Phase III, totaling 117 units, is set to be completed mid-2024.
Cassels acted for Centurion Asset Management.