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NexLiving Purchases 4th in Portfolio

Brunswick Brokers Limited is pleased to announce that they’ve brokered a fourth sale in a series of sales by the Village View Limited Partnership group of companies to NexLiving Communities Inc. (formerly known as ViveRE Communities Inc.) in Saint John, NB . NexLiving is a Halifax NS based real estate acquisition and ownership company.

They announced recently that they were acquiring 49 Noel Avenue. The closing took place on June 30th, 2021. The 47-unit multifamily residential development, which was completed in the summer of 2020, is geared towards the over 55 year old demographic and is 100% tenanted. NexLiving previously purchased 41, 50 and 51 Noel.

The development known as Village View Suites is located in the growing suburban neighbourhood of Millidgeville and sits high up on the hill behind the Shannex Parkland Saint John facility. The development is not far from the city centre and in close proximity to prominent transit routes, the Saint John Regional Hospital and the UNB Saint John campus. The local developers, Stephen Brittain and Lee Seale have a proven track record of building a quality multifamily residential rental product which is in high demand in the region.

The team of Paul Moore, Stephanie Turner and Jessica O’Neil of the Brunswick Brokers, Saint John office, represented the Seller, Village View Limited Partnership in these transactions. 

About Brunswick Brokers Limited: With an unparalleled understanding of the Atlantic Canadian commercial real estate market, Brunswick Brokers is a trusted advisor to both global corporations and homegrown East Coast businesses. Our team has decades of experience and proven success working with tenants, landlords, vendors and purchasers. We work closely and collaboratively with our clients to ensure their location becomes a key competitive advantage. With offices in Moncton and Saint John and experience in every corner of Atlantic Canada, we have our finger on the pulse of the East Coast.