- What ASH REIT bought two student housing properties
- Why The properties are close to Wilfrid Laurier University and the University of Waterloo
- What next The company has invested $384m in the first half
Alignvest Student Housing REIT has bought two purpose-built student housing properties in Waterloo, Ont.
The properties, each rising 21 stories, are at 252 and 254 Phillip Street, close to Wilfrid Laurier University and the University of Waterloo. Known as Hespeler House and Fergus House, they each have 476 beds in four bedroom/four bathroom suites that are fully furnished.
Amenities include on-site laundry, a gym, a theatre room, a basketball court and underground parking.
ASH REIT has completed four transactions in the first half totalling 1,705 beds and $384m.