Sterling Manor Apartments: 2016 Rental Development of the Year as Awarded by the Canadian Federation of Apartment Associations (CFAA)
June 20, 2016
REGINA, SK – Knysna Management Group, on behalf of Auctus Property Fund LP, Deveraux Developments and Altern Properties is proud to announce that Sterling Manor Apartments was recognized as the Rental Development of the Year at the Canadian Federation of Apartment Associations (CFAA) awards gala hosted recently in Toronto. The CFAA represents the rental housing industry across Canada and is the umbrella organization for provincial and regional landlord associations.
Sterling Manor is first of its kind rental development in Regina. Offering condominium quality suite design and finishes, paired with an amenity-rich resident clubhouse, Sterling Manor offers tenants an upmarket rental experience. Each suite features granite countertops, contemporary cabinetry, air conditioning, and full sized appliances. The community clubhouse offers residents conveniences such as a on site customer service office, outdoor barbeques and fire pit, a commercial grade fitness centre, games such as billiards and air hockey, and an outdoor swimming pool.
The CFAA award selection committee commented that Sterling Manor features “a mix of amenities that cater to a wide range of demographics” and that “Sterling Manormanaged by Altern Properties is a customer-focused complex in one of Regina's most affluent neighbourhoods. Having made use of some of the most innovative, sustainable building practices available to the market, this development exemplifies thoughtful construction, environmental excellence and forward-thinking planning.”
Knysna Management Group President and CEO, Denis Jones, states that “Auctus is proud to accept this award on behalf of the management teams of both Deveraux Developments and Altern Properties. The quality of Deveraux’ design and construction, along with Altern’s exemplary property management, ensure that Sterling Manor is a leading facility in the Regina rental market and a preferred choice for renters”.
About Auctus Property Fund LP: Auctus is a Regina based private real estate investment fund that has grown from a start-up venture in June 2012 to a fund with over 1,000 purpose built apartment units. The Auctus portfolio has an estimated market value of over $180 million.
About Knysna Management Group: Knysna is a private equity firm that invests in premium real estate investments, focused on the multi-family sector. Knysna sources opportunities through its broad network of relationships and strategic alliances with real estate developers, private equity firms, private family investors, entrepreneurs, and financial intermediaries. Knysna currently manages a number of multi-family real estate funds that focus on the development, construction and operation of multi-family properties in Saskatchewan and Manitoba. Knysna currently has over $300 million of real estate related assets under management.
For further information, please contact:
Colin Woloshyn
Chief Financial Officer & VP Investments
306-522-5556