Along with CFiT, Centurion has an actual property funding belief (REIT), which is the most important personal REIT and the second largest house REIT in Canada. Romundt stated the corporate had spent “a couple of decade constructing the REITs in glorious situation to assist diversify [its] portfolio, and supply sturdy returns and inflation-protection qualities”.
Because of a $1bn portfolio of newly constructed flats in Quebec — the most important house transaction within the province’s historical past — Centurion has seen distinctive development in 2022. Romundt famous that the corporate has billions extra below contract and within the improvement pipeline.
The driving drive behind such spectacular development? A crew of achievers.
“Definitely, our working crew could be very sturdy, producing glorious returns for our buyers from the core operations to our deal crew, [which] has constructed a very massive proprietary community of alternatives as we search out to finance, make investments and purchase new flats,” he stated. “And the working crew has used these alternatives as feedstock in our engine to supply returns.”
Optimistic concerning the alternatives for flats within the purpose-built rental market, Romundt acknowledged the advisors and buyers who help Centurion’s continued development and diversification.