Virtus Diversified REIT Announces Pending Acquisition of Multi-Residential Apartment Building in Parry Sound, Ontario
TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Virtus Diversified Real Estate Investment Trust (REIT) is excited to announce its pending acquisition of a modern multi-residential apartment building located in the scenic town of Parry Sound.
- TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Virtus Diversified Real Estate Investment Trust (REIT) is excited to announce its pending acquisition of a modern multi-residential apartment building located in the scenic town of Parry Sound.
- The pending transaction has been valued at $22.28 million, further solidifying Virtus Diversified REIT's commitment to expanding its diverse real estate portfolio.
- Located at 10 Mall Drive in Parry Sound, Parry Sound Place is a new (2021) modern apartment complex, reflecting Virtus Diversified REIT's dedication to maintaining and enhancing high quality properties.
- I oversaw its transformation from a vacant grocery space to an upscale, modern 70-unit apartment building.” stated Aurelio Baglione, Trustee of Virtus Diversified REIT.