Business
NexLiving Communities Completes Acquisition of Fourth Village View Suites Property in Saint John, NB
NexLiving Communities Completes Acquisition of Fourth Village View Suites Property in Sai...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n NexLiving Communities Completes Acquisition of Fourth Village View Suites Property in Saint John, NB\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n June 30, 2021\n \n /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) (\"NexLiving\" or the \"Company\") announced today that it has completed the previously announced acquisition of Village View No. 4 Limited Partnership, whose sole asset is a 47 unit multi-family rental property located at 49 Noel Avenue,\n \n Saint John, New Brunswick\n \n ( \"49 Noel\" or the \"Acquisition\").\n \n \n \n \n \n \n \n \n \n The Village View Suites development is comprised of four high quality buildings (41, 50, 51 and 49 Noel Avenue) and is located in the growing\n \n Saint John, NB\n \n sub-market of Millidgeville. It is situated at the intersection of the\n \n Saint John\n \n and Kennebecasis Rivers. Each of the premium properties offer high-end living spaces with granite countertops, stainless appliances, dishwasher, microwave range hood, washer and dryer, walk-in closet, ensuite bathrooms and private balconies. Common areas include gym facilities, media and community room and storage lockers. Two of the properties offer heated underground parking spaces. The development is a close distance to the city centre, Horizon's Saint John Regional Hospital, the\n \n University of New Brunswick\n \n and an abundance of nearby shopping, dining, and community centres.\n \n \n NexLiving acquired 41 Noel in\n \n August 2018\n \n , 50 Noel in\n \n April 2019\n \n and 51 Noel in\n \n December 2020\n \n . The acquisition of 49 Noel gives NexLiving all of 167 units in the Village View Suites development.\n \n \n NexLiving's CEO,\n \n Mike Anaka\n \n , commented \"We are very pleased to complete the acquisition of all four properties in the Village View Suites. The ability to complete follow-on transactions with merchant developers is a key component of our growth strategy. Our continuing and growing relationship with Irongate Developments and other merchant developers is ...