Background on Centurion

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Centurion was founded by Greg Romundt in 2003 after he left the financial services industry. He previously worked for Citibank (1991-1997) and AIG (1997-2002) and was over those years based at different times in Toronto, New York, London, Singapore, Hong Kong and Tokyo. Throughout most of those years, Greg´s personal portfolio was dedicated to real estate investing. His first real estate experience dates back to the mid 80´s when he worked in concrete and masonry restoration, learning many of the physical aspects of real property maintenance. 

In 2003, the first apartment properties in the Centurion portfolio were purchased consisting of 15 town homes in Barrie. The portfolio continued to grow to 235 apartment units through 2006.

In 2006, Centurion establish Centurion Apartment Properties LP (CAPLP), a `total return` type investment fund focused on acquiring and rehabilitating tired apartment properties and took in its first third party investors.

In 2007, the portfolio grew to 819 apartment units in 22 buildings in 14 communities in Ontario.

In 2008, the portfolio grew to 1,179 apartment units in 23 buildings in 14 communities in Ontario.

In 2009, Centurion Apartment REIT was formed to continue the growth of CAPLP and to begin distributions to investors.

Throughout this time, Centurion has continued to build relationships with both individual and institutional investors interested in investing in apartment properties in Canada.

The following chart shows the growth of the Centurion portfolio over this period.

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