WLU purchases apartment buildings next to Waterloo campus

March 23, 2012

On Thursday, Wilfrid Laurier University closed a $58.9-million acquisition of a dozen student-housing apartment buildings adjacent to its Waterloo campus. 9 of the buildings are recently constructed 4- and 5-floor properties and 3 are renovated multi-tenant houses. Together, they have a combined capacity to accommodate approximately 785 students. The purchase will provide WLU with strategic property assets in the rapidly developing neighbourhoods next to the campus, and a stream of rental income. The institution has engaged a private property manager to administer the properties as off-campus housing. WLU News Release