Successful Off Market Sale of High Profile Victoria Multi-Family Asset

Landmark Sale for Victoria Multi-Family Team

The Colliers Victoria Multi-Family Practice Group recently completed an off-market transaction of The Verve apartments, a 95 unit purpose built rental building, in Victoria, BC.  Ken Cloak, Grant Evans, and Dominic Ricciuti represented the vendor, Abstract Ventures & NVision Properties in the sale of the asset to Centurion REIT for $32.7M, one of the largest transactions to date this year.  

Colliers’ long standing relationship with the developer enhanced our ability to take on the mandate for this off-market listing and present it to a small group of registered and capable prospective purchasers who were approved by the developer.   This quality built, fully-leased asset was attractive to purchasers due significant demand and a limited supply of new product of this nature in the Victoria market. The Multi-Family team was able to generate an offer from Centurion REIT and the sale closed August 7, 2019.


Pour plus d’informations, veuillez contacter:
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Ken Cloak

Vice President

Victoria

Since joining Colliers, Victoria office in 1991, Ken has been delivering service excellence to an investor client base comprised of local, regional, national and international groups looking to establish a presence in the Greater Victoria markets.  Prior to joining Colliers, Ken spent a combined 4 years in the Calgary and Vancouver commercial real estate markets with Knowlton Realty Ltd.

Having established a service platform recognized for sound market knowledge, timely and accurate advice as well as proven results for the investment community, Ken remains a reliable performer and contributor within Victoria's growing commercial real estate investment sector. 

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