Auctus Property Fund LP Acquires its Third Multi-Family Property in Winnipeg, Manitoba

Deveraux Asset Management, the asset management division of the Deveraux Group of Companies, is excited to announce that on November 27, 2019, Auctus Property Fund LP successfully completed the acquisition of a 55% ownership interest of The Pinnacle at Bridgwater II, an apartment community located in Winnipeg, Manitoba. This transaction marks Auctus LP’s third multi-family property acquisition in Winnipeg, Manitoba.

The Pinnacle at Bridgwater II has four, four-storey buildings and a total of 208 units and is located adjacent to The Pinnacle at Bridgwater I, of which Auctus LP acquired a 55% ownership interest in July 2019. This apartment community is located proximal to the growing Bridgwater Trails retail hub, complete with Save On Foods and many other service providers and restaurants.

Apartment options include one and two bedroom plus den suites ranging from 722 to 1,018 square feet. The two-bedroom plus den suites feature two bathrooms, one of which is an ensuite and is accessed by a walk-through closet in the master bedroom. All suites are complete with high-end finishes such as granite countertops, vinyl plank flooring, stainless steel appliances, air conditioning and private balconies. The Pinnacle at Bridgwater II has a similarly appointed resident clubhouse to that of The Pinnacle I but also has an outdoor swimming pool that is enjoyed by the residents of both apartment communities.