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Equiton Residential Income Fund closes on Markham Purchase

On March 29, 2019, the Equiton Residential Income Fund completed the purchase of a 64-unit apartment building in Markham, Ontario. Equiton purchased the property for $21 million.

“We are pleased to complete this acquisition which will be our first in Markham” commented Jason Roque, Chief Executive Officer at Equiton. “Equiton believes this acquisition will help grow and enhance the portfolio to the benefit of our investors.”

The property is in a prime location and only minutes from shopping, restaurants, and amenities.  It has easy access to Highway 407, Highway 404 and 7.  It is also close to public transit including a GO station, which provides convenient access to downtown Toronto.

The acquisition of this property further enhances Equiton’s presence in Ontario, further demonstrates its access to investment opportunities, and displays its ability to maximize investor unit value by accretive acquisitions.

Source: PCMA