Auctus Property Fund LP Acquires Award-Winning Property in Regina

Deveraux Asset Management, a division of the Deveraux Group of Companies, is pleased to announce the Auctus Property Fund LP successfully completed the acquisition of a 50% ownership of The Terrace at Acre 21 in Regina, SK on October 16, 2023.

The Terrace at Acre 21 is made up of a 46-unit apartment community along with five individual 16-unit townhome buildings, for a total of 126 suites. The community is noteworthy for its three-bedroom townhouses, each boasting a rooftop patio that offers residents unparalleled views of the expansive prairie scenery and the adjacent Wascana Creek. This distinctive feature sets it apart in the Regina housing market. In recognition of its exceptional offerings, The Terrace at Acre 21 received the “Rental Development of the Year” award from the Saskatchewan Landlord Association (SKLA) Conference in September 2023.

Residents of The Terrace at Acre 21 enjoy access to premium amenities including a fully equipped resident clubhouse that houses a commercial-grade fitness center, event space with kitchen, games room and IT/business centre.

Situated in the dynamic Greens on Gardiner area in southeast Regina, The Terrace benefits from its proximity to the Acre 21 retail complex, providing easy access to dining options, grocery stores, schools, medical clinics and more. Additionally, the neighbourhood is rich with parks and walking trails, providing ample recreational opportunities for the tenants.

The Terrace at Acre 21 will be managed by Deveraux Apartment Communities.