May 07, 2020 (Langford, BC) – Ledcor Property Investments Ltd. is pleased to announce that Crossing at Belmont rental building has been purchased by Killam Apartment REIT.
Killam Apartment REIT (TSX: KMP) is a publicly-traded real estate company focused on the acquisition, development, and management of multi-family residential properties across Canada, from coast to coast. Killam is one of Canada’s largest and most reputable residential landlords.
“We are pleased to continue to expand our apartment portfolio in Victoria,” said Philip Fraser, President and CEO of Killam Apartment REIT. “Crossing at Belmont consists of two, five-storey purpose-built rental buildings totaling 156 units. #MyBelmont is a part of the masterplan community that has become a vibrant centre for the City of Langford and more importantly, has the sort of values and commitment to community that we truly appreciate.”
As the development of #MyBelmont master-planned community continues, the team remains committed to the area. It will continue to build a thriving and strong neighbourhood where people can live, work and play.
“This transaction aligns perfectly with the #MyBelmont vision and values,” said Bill Fox, President of Ledcor Property Investments Ltd. “Killam Apartment REIT is well known and respected for their commitment to community, with core values that not only align with our tenants, but are ones that our neighbourhood will be proud of.”
“We sincerely thank the tenants of Crossing at Belmont, the public and community leaders in Langford for the trust that they have placed in us, and we are proud to deliver on our promises,” said Eric Gerlach, VP of Development of Ledcor Property Investments Ltd.
Devon Properties will assist with the transition and will continue to be the Property Manager for Crossing at Belmont in the near term.
For more information – including leasing opportunities – at Crossing at Belmont, please visit crossingatbelmont.com.
For more information about Killam Apartment REIT, please visit their website: killamreit.com.
About Crossing at Belmont
#MyBelmont is an inspiring 22-acre community created on southern Vancouver Island’s West Shore. #MyBelmont comprises both residential and rental homes in six phases for first-time home buyers, working professionals, and downsizers. The masterplan community is enhanced by commercial amenities, including a landmark Thrifty Foods spanning 53,000 square feet.
Adjacent to the Galloping Goose Regional Trail and numerous parks, lakes, and outdoor spaces, #MyBelmont has become a vibrant centre for the City of Langford. The new heart of the West Shore, Belmont Residences is the “it” place for those seeking a healthy, urban-meets-suburban living.