Alignvest Student Housing acquires high-quality student housing asset in Halifax, Nova Scotia
TORONTO, Jan. 30, 2023 /PRNewswire/ — Alignvest Student Housing Inc. is pleased to announce that the Alignvest Student Housing REIT (“ASH REIT”) has completed the acquisition of a purpose-built student housing complex (“PBSA”) located… located at 1402, 1404, 1412, 1414, 1422 & 1424 Seymour Street, Halifax, Nova Scotia.
Sanjil Shah, Managing Partner, said: “We are pleased to announce this strategic acquisition as it further diversifies our REIT portfolio and solidifies our position as the leading owner and operator of Canada’s PBSA. With this acquisition, we own more than 5,200 student residential beds across Canada. In addition, this acquisition marks our entry into Atlantic Canada, home to several universities and colleges that require lodging for their students. We look forward to further growth in Maritimes.”
1402, 1404, 1412, 1414, 1422 & 1424 Seymour Street (“See-More”)
See-More is a six story, newly constructed college residence located just steps from Dalhousie University. The property is one of only a few purpose built student residences serving Dalhousie University and is 100% leased for the 2022/23 academic year.
See-More features 491 beds in 141 fully furnished units including studios, three-, four- and five-bedroom suites, offering potential renters a variety of configurations. In addition, See-More offers several student-focused amenities, including a yoga and wellness studio, game room, on-site laundry facilities, common rooms, shared study areas, and underground parking.
About Alignvest Student Housing REIT
Alignvest Student Housing Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust incorporated under the laws of Ontario pursuant to the Deed of Trust to own income-producing, purpose-built student housing in Canada. ASH REIT is continually offering trust interests pursuant to an offering memorandum on a private placement basis through qualified dealers to investors resident in any province or territory of Canada who qualify as “Accredited Investors.” ASH REIT has agreed to offer the shares via the Fundserv investment fund order system.
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Visit Alignvest Student Housing Real Estate Investment Trust at www.alignveststudenthousing.com.
The information is based on market analysis and expectations of ASH REIT and should not be considered by the reader as research or investment advice regarding ASH REIT. The information presented herein does not constitute a recommendation, offer or solicitation to buy or sell any securities or to engage in any investment strategy in any jurisdiction where doing so is prohibited by law or contrary to local law or regulation. Such investment offer, if made, will be made only by means of a private placement offering memorandum.
SOURCE Alignvest Student Housing REIT
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