Deveraux Asset Management is excited to announce that on July 15, 2019 Auctus Property Fund LP successfully completed the acquisition of a 55% ownership interest of Auctus Property Fund LP III (“Auctus III LP”).

Auctus III LP is a limited partnership structured to invest in the development, construction and operation of The Pinnacle at Bridgwater, a 176 unit luxury apartment community located in the Bridgwater Trails of Winnipeg. With over 70 acres of open space, mature forest and lakes nearby in the Bridgwater Trails area, The Pinnacle is a vibrant apartment community that attracts premium tenants.

Key Details
  • The Pinnacle at Bridgwater consists of three, four storey garden style walk-up buildings with a total of 176 units and a resident clubhouse
  • This property is located at Bridgwater Trails, a new and growing community in Southwest Winnipeg
  • On site amenities include a resident clubhouse, fitness centre, barbeques and other resident- focused services
  • This fund is fully subscribed and no longer accepting subscriptions for investment
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Deveraux currently has over $600 million of real estate related assets under management.