WINNIPEG, MB – Private Pension Partners, on behalf of Apartment Plus (A+) REIT, is pleased to announce another major growth transaction with the acquisition of a $98 million property portfolio which involved A+ REIT acquiring the outstanding 50% co-ownership interests of 765 Sterling Lyon Parkway, 815-825 Sterling Lyon Parkway, 835 Sterling Lyon Parkway, 221 Stradbrook Avenue, and 355-415 Centre Street in Winnipeg, MB from a long-term co-owner.
As a result of this transaction, A+ REIT’s real estate portfolio now stands at $563 million of property value and over $229 million of unitholder equity.
ABOUT PRIVATE PENSION PARTNERS
The Private Pension Partners Group of Companies (P3 Group) provides a vertically integrated real estate platform including asset management, development, leasing, property management, and investment services. With more than a decade of sound investment, quality development, and strong management services, the P3 team controls $750 million of total assets, 1,700 apartment units under management or development, and 450,000 SF of commercial space either owned by P3 or third-party pension-grade clients.
For more information about A+ REIT and this acquisition, please contact Tom Toni, Associate Vice President, Real Estate Capital for Private Pension Partners Investments.
Tom Toni
Associate Vice President, Real Estate Capital
E: Tom@privatepensionpartners.com
