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February 19, 2021

Globe Announces Acquisition of New Winnipeg Property


**ANNOUNCEMENT**

Mr. Richard Morantz, President and CEO of Globe Capital Management, is pleased to announce the acquisition by the company of the Norvilla Apartments in Winnipeg, Manitoba.

The completely renovated, 110-suite property is situated in the heart of the family-oriented residential neighborhood of North Kildonan. This is the company’s first foray into property management in the area and Globe is excited to be a part of the market in one of Winnipeg’s longest-standing communities.

Globe is looking forward to deploying its expertise to add value to this well-built and well-maintained property, which has a fully occupied slate of long-term and vibrant residents. The team at Globe wishes to extend its deepest gratitude to the Real Estate brokers, bankers, legal experts, and property managers who assisted in the due diligence and closing.

Globe Capital Management is a Real Estate acquisition company with over 7,500 apartments and a market value of $1.5 billion under its administration. The company is proudly headquartered in Winnipeg, Manitoba.

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