Akelius Canada expands its portfolio to Forest Hill

TORONTO - May 21, 2014 - PRLog -- Akelius is pleased to announce the acquisition of a 31-unit residential property located in the highly affluent Forest Hill neighbourhood of Toronto, Canada this week. This $12.5M acquisition brings the company’s portfolio to a total of 23 properties.

With 77 percent of units vacant, this property is an ideal fit for the Akelius business model as it offers the opportunity for a complete renovation of residential units, common areas, and building structures immediately following acquisition. These units will be completely move-in ready with sleek and luxurious upgrades.

“This prime Toronto location offers residents the conveniences of local shops, transit, and everyday commodities which will make living in Forest Hill desirable,” says President Jordan Milewicz.  The highly anticipated subway extension along Eglinton Avenue W will improve transportation and access to the neighbourhood while it continues to see rapid growth and development.

The first of many expected acquisitions for 2014, this one brings Akelius to a total of 1714 residential units. Continued upgrades and renovations attest to the First Class standard that differentiates Akelius from its competitors.

Akelius Canada, the Canadian branch of Akelius Apartments Ltd., is a rapidly-growing residential real estate firm based in Toronto. With an acquisition profile of residential properties of 10 units or more located in Class A or B locations, Akelius Canada strives to provide First Class Apartments and First Class Service.