Welcome to the third edition of 'The Centurion' for 2021.
In this issue, we share President and CEO Greg Romundt’s recent interview with Wealth Professional Canada, the Great Place to Work® in Canada certification, and Centurion’s HR Best Employer Brand Award. In addition, we share other exciting news about our recent increase in annual distributions along with latest acquisitions and updates about our funds including the Q3 REIT webinar recording, transcript, and quarterly report.
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Centurion Apartment REIT Announces Increase in Unit Distributions
On December 7th Centurion announced an increase in annual distributions with the increase taking effect for Unitholders of record on December 31, 2021. The last time distributions were increased was in May of 2012.
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Pending Record-Breaking Quebec Deal with Centurion Founder Greg Romundt on Wealth Professional
Greg Romundt, Centurion President and CEO, speaks with James Burton, Managing Editor of Wealth Professional Canada, about Centurion Apartment REIT’s pending record-breaking deal in Quebec and how it benefits investors.
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“Diving into an Active Market”: An Exclusive Interview with Centurion President and CEO Greg Romundt
In the article ' Diving into an Active Market', Centurion President and CEO Greg Romundt speaks with Wealth Professional Canada about the growth and development of real estate amidst the pandemic. |
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Centurion’s Record-Breaking Pending Acquisition in Quebec Featured in RENX
Centurion’s pending acquisition of an apartment portfolio in Montreal will be the largest single multi-residential transaction to ever occur in Quebec. This record-breaking pending acquisition will also be the largest transaction for Centurion Apartment REIT with over 3,678 rental units located throughout the Greater Montreal Area. This is a very exciting opportunity for Centurion.
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Great Place to Work® Certification for the Second Consecutive Year
Centurion is proud to announce that we have been certified as a Great Place to Work® for the second consecutive year after a thorough and independent analysis conducted by Great Place to Work® Institute Canada.
Centurion is committed to ensuring a great workplace culture for all, guided by our core values of respect, integrity, simplicity, and excellence. By listening to the unique needs and viewpoints of Employees, our talented Human Resources team has developed and implemented several programs designed to elevate company-wide engagement, satisfaction, and well-being.
Centurion President and CEO Greg Romundt commented, “We are thrilled to be certified as a Great Place to Work® for the second consecutive year. This certification reaffirms Centurion’s dedication to cultivating a strong corporate culture and maintaining a high-level of employee happiness.”
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Centurion's HR Team wins Best Employer Branding at the 2021 Canadian HR Awards
We are excited to announce that Centurion was selected as the recipient of the Best Employer Branding Award at the 2021 Canadian HR Awards, in recognition for having the most compelling employer brand strategy among HR professionals across Canada. Congratulations to Laura Salvatore, Associate Vice President of Human Capital, her team, and to everyone involved.
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Centurion's Laura Salvatore Featured in Advisorpedia
Laura Salvatore, Centurion’s Associate Vice President of Human Capital, was featured in Advisorpedia’s article ‘Tips From 30 of the Happiest Companies on Earth’ where Laura shares the tools Centurion uses to improve Employee happiness and company culture. Laura’s HR initiatives were instrumental in Centurion being recognized by TINYpulse as having the highest average happiness scores across employees in the finance industry in 2020.
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Centurion Financial Trust and Daryl Boyce Featured in ABF Journal
Centurion Financial Trust’s $11MM credit facility agreement with Assure Holdings, an intraoperative neuromonitoring services provider, was featured in ABF Journal. Daryl Boyce, Centurion Executive Vice President of Corporate Finance, shared with ABF Journal why he is looking forward to this partnership.
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Since our last newsletter at the end of May, Centurion Apartment REIT has acquired the below five properties totaling 1369 rental units with more to come in the upcoming months. |
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21 Columbia - December 8, 2021
A student housing property in Waterloo, Ontario
This six-storey student housing property is directly adjacent to Centurion's recently acquired One Columbia property, a prime downtown Waterloo location close to Wilfrid Laurier University and University of Waterloo. The property comprises 41 five-bedroom units containing 205 rental bed. Onsite amenities include a gym, social lounge, study rooms, and covered parking.
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Urban Square - October 7, 2021
A new multi-residential property in downtown Winnipeg, Manitoba
The 6-storey property is in proximity to the University of Winnipeg, offers 143 rental units, and provides Residents with access to amenities such as a theatre room, business workspace, and a gym with live green walls. Urban Square is Centurion's fourth acquisition in Winnipeg and brings the total number of units under ownership in the Winnipeg portfolio to 943.
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Simon Fraser University - September 29, 2021
A brand-new student housing property in Burnaby, British Columbia
In partnership with Simon Fraser University, Centurion has acquired two on campus student housing residences in Burnaby, BC. Featuring 482 single occupancy rooms, amenities that foster community and inclusivity amongst students, and an ideal on campus location. The two buildings were completed in June 2021.
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Station Place - September 1, 2021
A brand-new multi-residential property in Etobicoke, Ontario
Station Place is a 40 story, luxury multi-residential property with prime location, sitting atop a farm boy and close to Kipling Station. The building features 333 apartments, unique amenities including pet wash, kid’s craft room, infinity pool and rooftop lounge. Centurion has 50% ownership of the property.
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1 Columbia - September 1, 2021
Acquired the remaining 50% of a student housing property in Waterloo, Ontario
Centurion has acquired the remaining half of a student housing property, 1 Columbia. This would complete a total of 7 student housing properties in Waterloo, ON all within a 1.5km radius of each other and the two local universities. 1 Columbia has 370 units with 74 five-bedroom suite options.
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Apartment Portfolio of 30 Buildings
Montreal, QC
Anticipated closing: Q1 2022
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Sage Apartments LP
Winnipeg, MB
October 15, 2021
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Warehouse District Flats LCC
West Palm Beach, FL
August 31, 2021
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Steps Bridgeland
Calgary, AB
June 14, 2021
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ACRON ARG Lake Carolyn Residential LLC
Irving, TX
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ACRON ARG Belterra
Austin LLC
Austin, TX
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Lee-Tamiami LCC
Estero, FL
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*The above dispositions were the Trust's equity accounted investments in development properties that were acquired by third parties during the year. |
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Check out our latest webinar for updates on Centurion Apartment Real Estate Investment Trust. In the webinar Greg discusses the REIT’s latest acquisitions and shares his insight into the Canadian multi-residential apartment real estate sector and the economic landscape at large.
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Here are the latest investor resources for each fund. You can also visit each fund's page on Centurion.ca for additional information and archived versions of the financial reports.
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Wishing you all a wonderful Holiday Season and a Happy New Year.
Greg Romundt
Centurion President and CEO
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For investor management inquiries, please contact or Investor Administration team:
Toll-Free: 1-833-733-5617
Tel: 416-733-5617
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Follow us on Twitter and LinkedIn for more investment updates. |
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