Ledcor Property Investments Ltd. has announced the sale of Crossing at Belmont to Killam Apartment REIT. The 156-unit apartment complex forms the rental component of Ledcor’s #MyBelmont master-planned community in Langford, BC, which also includes the Belmont Residences East and Belmont Residences West condominiums.
Killam Apartment REIT is a publicly-traded real estate company focused on the acquisition, development and management of multi-family residential properties across Canada. The company currently lists multiple apartments in Alberta, New Brunswick, Newfoundland, Nova Scotia, Ontario and Prince Edward Island, however Crossing at Belmont marks its second property in British Columbia.
“We are pleased to continue to expand our apartment portfolio in Victoria,” said Philip Fraser, President and CEO of Killam Apartment REIT. “#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.”
Spanning 22 acres on southern Vancouver Island’s West Shore, #MyBelmont is a mixed-use community of residential buildings, commercial spaces and natural amenities, including a 53,000-square-foot grocery store and numerous parks, trails and outdoor spaces. The community was launched by Ledcor in 2018 and is now home to first-time homebuyers, working professionals and downsizers.
“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,” added Eric Gerlach, VP of Development of Ledcor Property Investments Ltd.
For more information, please visit mybelmontliving.com.