I'm happy to announce that CAPREIT is continuing to grow with our newly acquired residential suites and land lease sites in the gorgeous province of Prince Edward Island.
We announced earlier this month that we acquired a portfolio of 240 residential suites and 500 land lease sites in four communities located in Charlottetown and Cornwall, Prince Edward Island. This opportunity allowed us to continue to expand our manufactured home community along with new, quality residential suites into our portfolio.
The apartment buildings are located in quiet residential neighbourhoods close to downtown Charlottetown. Waterview Heights is a four-building complex of 60 suites with spectacular ocean views located close to major shopping. River Ridge Heights is a luxury, two-building complex with 108 suites overlooking the Hillsboro River minutes from downtown.
Adjacent to the apartment property is River Ridge Estates containing 78 manufactured home land lease sites as well as a large undeveloped area with the potential to add another 117 sites over time. Also included is Chateau Estates, a 167 land lease site property in Cornwall, Prince Edward Island.
More importantly, with recent purchases in Dublin, Ireland and Prince Edward Island, we have entered new geographic markets, further diversifying our portfolio and expanding in opportunistic regions.
We look forward to future growth into new and exciting regions to continue to grow and expand our CAPREIT team.