Equiton has expanded its Alberta holdings with the acquisition of Central Tower Apartments in south Edmonton.

The newly built, purpose-built rental property includes 175 units and is located at 2610 109 Street N.W.

The acquisition brings the Equiton Residential Income Fund Trust’s Alberta portfolio to more than 700 units, enhancing the fund’s geographic diversification and strengthening operational efficiencies across maintenance, management, and shared services, said the company.

“Our Edmonton properties have meaningfully strengthened the Fund — and that momentum is something we’re looking to build on,” said Jason Roque, CEO and founder of Equiton. “Diversifying across key markets has been a big part of what’s made the fund so resilient, and Alberta is a natural fit alongside our strong presence in Ontario’s top-performing regions.”

Central Tower offers upscale amenities such as a yoga room and cycling studio, and is within walking distance of retail, dining, and grocery options. Its proximity to Century Park LRT station and major highways provides convenient access to downtown Edmonton and other parts of the city.

Equiton now owns 43 multi-residential properties across Canada, totalling 3,914 units, and continues to pursue new acquisition opportunities in Alberta and Western Canada.