TORONTO, July 2, 2024
/CNW/ - Alignvest Student Housing ("Alignvest") is pleased to
announce Alignvest Student Housing REIT ("ASH REIT") has completed
the acquisition of a purpose-built student accommodation property
located at 1680 Lincoln Avenue, Montreal,
Quebec.
Sanjil Shah, Managing Partner of
Alignvest, said, "We are excited to announce this strategic
acquisition, as it further diversifies our REIT's portfolio and
solidifies our position as the leading owner and operator of
Canadian student housing. With this acquisition, we own in excess
of 7,100 student housing beds across Canada. Further, this acquisition marks our
entry into Montreal, which is home
to several universities and colleges in need of housing for their
students. We look forward to further growth in Quebec."
1680 Lincoln Avenue ("The Link")
The Link is a newly constructed, 18-storey building located
steps away from Concordia University
and within walking distance of McGill
University. The property is equipped with 246 beds in 101
fully furnished units, including studios, two-, three-, and
four-bedroom suites, which provides a wide variety of
configurations for potential tenants. Additionally, The Link
features several amenities, including a fitness room, social rooms,
a rooftop terrace, smart package lockers, and an underground
parking garage.
About Alignvest Student Housing Real Estate Investment
Trust
Alignvest Student Housing Real Estate Investment Trust is an
unincorporated open-ended real estate investment trust formed under
the laws of Ontario pursuant to a
Declaration of Trust to own income-producing purpose-built student
accommodations located in Canada.
ASH REIT offers trust units on a continuous basis pursuant to an
offering memorandum on a private placement basis by qualified
dealers to investors resident in any province or territory of
Canada who qualify as "accredited
investors". ASH REIT has made arrangements to offer the units
through the investment fund order system, Fundserv.
Visit Alignvest Student Housing Real Estate Investment Trust at
www.alignveststudenthousing.com.
The information is based on the market analysis and expectations
of ASH REIT and should not be relied upon by the reader as research
or investment advice regarding ASH REIT. The information presented
herein is not a recommendation, offer or solicitation to buy or
sell any securities or to adopt any investment strategy in any
jurisdiction where prohibited by law or where contrary to local law
or regulation. Any such offer to invest, if made, will only be made
by means of an offering memorandum on a private placement
basis.
SOURCE Alignvest Student Housing REIT