1155 Grant Avenue, Winnipeg, Manitoba

The Core Fund is very pleased to announce that it has acquired a 100% ownership interest in a high-rise apartment complex located in a premium location in the neighbourhood of River Heights along Grant Avenue. This eleven storey, 88 unit, high-rise apartment building is located directly across from Grant Park Shopping Centre which is home to multiple restaurants, shopping, banks, a grocery anchor tenant, a newly constructed fitness centre and movie theatre. Currently 100% leased, this asset also provides residents an ideal location, easy access to public transit, and heated underground parking. P3 believes that this investment will continue to be appealing to a diverse tenant base from millennials to seniors and retirees. P3 considers Kent Towers a value-added investment play with planned redevelopment under an RTB based Above Guideline Rent Increase (AGRI) approach over a period of approximately three (3) years. The redevelopment will focus on common area and exterior improvements along with interior suite upgrades.