Cacoeli is pleased to announce its recent acquisition of a 29-unit townhome complex located in Kitchener, Ontario!
At Cacoeli – our key values are growth and progress, and our acquisition of this asset brings us one step closer to achieving these. Cacoeli has been in the multifamily rentals for a number of years executing value enhancement strategy for assets under management, but what’s particularly exciting about this closing is that this is the first new acquisition made by Cacoeli’s newly launched private REIT. Nearly a few weeks after the introduction of the Fund, Cacoeli closed the property and immediately began the execution of the value-add plan.
This new acquisition also provides an opportunity for Cacoeli to demonstrate our commitment for fair Environmental-Social-Governance (ESG) imperatives, which will enrich the potential of this property and the quality of life for its residents. This is something that Cacoeli is committed to executing in all of its future investment projects. We look forward to growth and progress in our Fund in the days and years to come.