Pier 4 Real Estate Investment Trust announced the successful acquisition of a multi‑residential asset comprising nine low‑rise buildings in London, Ontario.
The newly acquired portfolio is situated in a well‑connected neighbourhood close to grocery stores, health centres, parks, and restaurants, giving residents convenient access to essential services and lifestyle amenities. The buildings range from three to ten storeys and include a total of 558 units, offering a mix of 10 studio apartments, 235 one‑bedroom suites, and 313 two‑bedroom suites. The property also features a range of on‑site conveniences, including laundry facilities, elevators, a playground, a splash pad, and a dog park, supporting a family‑friendly and community‑oriented living environment.
In announcing the acquisition, the trust emphasized the strategic importance of expanding its presence in one of Ontario’s fastest‑growing mid‑sized cities: “We’re excited to share Pier 4 REIT’s latest acquisition — a premier multi-residential asset consisting of nine buildings in London, Ontario,” said Darrell Ashby
Chairman & Co-founder. “This strategic investment underscores our commitment to enhancing residential communities in London and aligns seamlessly with our focus on acquiring properties in prime locations.”
The purchase reflects Pier 4’s broader strategy of targeting stable, well‑located multifamily assets that offer long‑term value and strong rental demand. According to the REIT, London’s growing population, diversified economy, and increasing need for quality rental housing continue to make it an attractive market for institutional and private investors alike.
Pier 4 is a private real estate investment company that aims to “give everyday investors access to the multifamily real estate sector without the operational responsibilities typically associated with property ownership.” Through acquisitions like this one, the trust says it aims to build a portfolio of professionally managed residential communities while offering investors exposure to a historically resilient asset class.
Click here for the official announcement from Pier 4: 1126-1154 Adelaide Steet North
