Viocity REIT is pleased with the construction progress to date on Turnock Manor. The builder is anticipating the building will be completed and ready for tenants by summer 2019. This apartment building located in Maple Ridge, British Columbia is 4 stories high with underground parkade containing 66 condo quality apartment rental units with a good mix of Studio, 1 Bedroom, 1 Bedroom + Den, and 2 Bedroom rental units.
Earlier in 2018 Viocity REIT agreed to purchase the property from the developer once construction is completed for a price of $19.47M as long as all terms and conditions are met. This opportunity represents significant value for Viocity REIT to acquire an apartment building of this size in the lower mainland and will make an excellent revenue producing addition to Viocity REIT's residential apartment portfolio. To learn more about this asset, other assets Viocity REIT is acquiring, or to invest in Viocity REIT please contact us toll free 1.855.659.5959 or email us at firstname.lastname@example.org