ViveRE making two acquisitions, doubling apartment portfolio

Halifax-based ViveRE Communities Inc. (VCOM-X) has confirmed it will proceed with its two most recent purchases of apartment properties in Oshawa and Moncton for $37.3 million.

The acquisitions will double the size of ViveRE’s portfolio to 446 units in Eastern Canada. It was formed in 2017 from the remnants of the former NSX Silver mining company.

The Oshawa sale was first announced in January. The much larger Moncton transaction was disclosed in February.

ViveRE says it has a definitive agreement to acquire 100 per cent interest in 10 multi-unit properties in Moncton, located at 145-155 McLaughlin Rd., 27 Edmond St., 50 Maplewood Dr. and 2380 Mountain Rd. All are owned by ATMJ Properties Inc.

Continue Reading: https://renx.ca/vivere-acquire-two-properties-double-apartment-portfolio/