Centurion Asset Management

What Centurion Asset Management does

Centurion Asset Management Inc. is a privately held Canadian asset manager founded in 2003 and headquartered in Toronto. The firm operates a vertically integrated real estate investment, financing, and property management platform managing $7.8 billion in assets across 45 cities in Canada and the United States as of March 31, 2026, supported by 430 staff. Its core investment products are the Centurion Apartment Real Estate Investment Trust, which owns more than 22,000 multi-residential apartment units, medical offices, and student housing beds, and the Centurion Financial Trust (CFIT, currently in wind-down), which invests in mortgages, opportunistic real estate developments, and corporate debt.

The company generates revenue through three primary streams. First, it earns asset management and property management fees by managing the REIT, its in-house Centurion Property Associates (CPLiving) platform, and The MARQ student housing brand. Second, it earns transaction-based interest and fee income through licensed mortgage brokerage activity (CAMI) on a $376 million portfolio of construction, term, mezzanine, and equity financing ranging from $4M-$25M per loan at 8-12% interest, plus corporate financing through CFIT at $2M-$15M and 10-12% interest. Third, it captures recurring economics from its exempt market dealer activities in Alberta, BC, Ontario, and Quebec, distributing investment products through Investment Advisors and directly to permitted clients. The REIT targets 7-12% annual total returns with monthly cash distributions, a 2% DRIP discount, and a $25,000 minimum investment, with current Class A and Class F distribution yields of 4.33% and 5.25% respectively as of June 2026.

The platform is differentiated by its end-to-end vertical integration — combining fund management, development partnerships (e.g., LASH Group for Radius Etobicoke and Appelt Properties for Atlas Tower Surrey), in-house property operations, and direct lending — and by its scale relative to other Canadian private REITs. Distribution is advisor-led and field-sales-driven, complemented by thought leadership, webinars, and quarterly newsletters targeting qualified retail and institutional investors. Centurion also offers an Investor Portal and a resident-facing Resident Portal as its primary digital platforms.

Name

Centurion Asset Management

Legal name

Centurion Asset Management Inc.

Website

https://centurion.ca

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Centurion Asset Management is a Toronto-based private asset manager that operates a vertically integrated real estate platform managing the Centurion Apartment REIT ($7.8B AUM, 22,000+ units across 45 cities in Canada and the US) and provides mortgage and corporate financing to developers and SMEs.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991), Mortgage and Nonmortgage Loan Brokers (522310), Other Financial Vehicles (525990)

SIC

Real Estate Investment Trusts (6798), Mortgage Bankers & Loan Correspondents (6162), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Balance-Sheet / Portfolio CRE Lending (FSALADAG), Private Credit / Direct Lending (FSAAAHAG), Mezzanine / Subordinated Debt (FSANADAC)

Keywords

• Real estate investment trust
• Multi-residential property management
• Mortgage financing services
• Alternative investment products
• Student housing management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: CAMI manages the Centurion Apartment REIT and Centurion Financial Trust, earning asset management fees. The company waived asset management fees for two years on capital raised during the strategic growth initiative.
2. Centurion Apartment REIT Distributions: The REIT targets 7-12% annual total returns with monthly cash distributions. Class A distribution yield of 4.33%, Class F yield of 5.25% as of June 2026. Distribution Re-Investment Plan (DRIP) available at 2% discount.
3. Real Estate Mortgage Financing: CAMI acts as a licensed mortgage broker providing construction and term financing for multi-residential apartments, student housing, and commercial real estate. Provides first mortgages, second mortgages, mezzanine financing, participating debt, and equity financing. Loan sizes $4M to $25M, interest rates 8-12%, loan terms 6-36 months.
4. Corporate Financing (CFiT): Centurion Financial Trust offers customized debt and equity solutions to small- and medium-sized companies. Financing types include conventional and unconventional structures, loan sizes $2M-$15M, terms up to 7 years, interest rates 10-12%.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Centurion Asset Management is a Canadian asset manager that runs private alternative investment products (Centurion Apartment REIT and Centurion Financial Trust) and originates real estate and corporate financing. The REIT owns more than 22,000 multi-family apartment units, medical offices, and student housing beds across 45 cities in Canada and the United States. CAMI also operates as a licensed mortgage broker ($376M portfolio) and CFIT provides customized debt and equity financing to small and medium-sized companies, with offerings distributed to qualified investors via Investment Advisors.

Product overview

Centurion Asset Management Inc. is a Canadian asset management company offering a platform of private alternative investment products and financing solutions. The core products include Centurion Apartment REIT (a real estate investment trust owning over 22,000 multi-family units and student housing beds across 45 cities in Canada and the US) and Centurion Financial Trust (an income-oriented trust investing in mortgages, real estate debt, and corporate debt). Financing solutions are provided through CAMI (real estate mortgage financing from $4M-$25M) and CFIT Corporate Financing ($2M-$15M for SMEs). The company also operates property management through its CP Living subsidiary and student housing through The MARQ brand. The investment trusts are accessible to qualified investors via Offering Memorandum with a minimum $25,000 investment, offering monthly cash distributions and tax-efficient returns through RRSP, RRIF, and TFSA eligible accounts.

Differentiator

Problem solved

Functional benefit

Brands

• The MARQ Student Communities: Student housing brand providing quality off-campus residences in London, Montreal, Waterloo, and Calgary with furnished private bedrooms, shared living spaces, high-speed Internet, study rooms, fitness centres, and social lounges.
• Centurion Apartment REIT
• Centurion Financial Trust (CFIT)
• Centurion Property Associates (CPLiving.com)

Products and services

• Centurion Apartment REIT A real estate investment trust that owns more than 22,000 multi-family apartment units, medical offices, and student housing beds across 45 cities in Canada and the United States. Provides qualified investors the opportunity to invest in a diversified portfolio of rental apartments and student housing properties, as well as mortgage and equity investments in property developments. Minimum investment $25,000; RRSP/RRIF/TFSA eligible; monthly cash distributions.
• Centurion Financial Trust (CFIT) An income and growth-oriented trust that invests in a diversified portfolio of debt investments including mortgages, opportunistic real estate developments, and corporate debt. Provides investors stable monthly cash distributions with opportunity for long-term growth and capital preservation. Currently in wind-down as announced August 2024 with capital being returned to Unitholders.
• Real Estate Mortgage Financing (CAMI) Licensed mortgage broker (brokerage #12372) providing private loans and equity for construction and term financing for multi-residential apartments, student housing, condominiums, and commercial real estate. Offers first mortgage, second mortgage, subordinate mezzanine, participating debt, and equity financing, as well as development, bridge, and acquisition financing. Loan sizes $4M to $25M; interest rates 8%-12%; loan terms 6-36 months.
• Corporate Financing (CFIT) Customized financing solutions for small to medium-sized companies providing a diversified alternative investment approach. Extends beyond real estate debt into corporate debt and other private debt investments. Financing sizes $2M to $15M with flexible terms up to 7 years at 10-12% interest rates for SMEs across all sectors.
• The MARQ Student Communities Student housing brand providing quality off-campus residences in London, Montreal, Waterloo, and Calgary. Offers furnished private bedrooms with shared living spaces, high-speed internet, study rooms, fitness centres, social lounges, and after-hours emergency services, with customized student life programs year-round.
• Centurion Property Associates (CP Living) Property management brand providing quality multi-residential apartments across Canada and the United States through a centralized call centre, technology and AI-enabled operations, and on-the-ground teams. Focus on clean, safe, and comfortable homes with proactive attention to resident needs.

Quantifiable outcome

• Targeted Annual Total Returns: 7-12%
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• LASH GroupcoreStrategic or Co-development Partner · 28 April 2026Centurion holds 85% ownership interest in Radius Etobicoke, a 22-storey, 259-suite residential development at 5507 Dundas Street West in Etobicoke. LASH Group serves as development partner with 70 years of experience in condominium, rental, retirement, retail, commercial, and industrial development. Project includes approximately 12,600 square feet of retail space.
• Appelt PropertiescoreStrategic or Co-development Partner · 14 November 2025Co-development of Atlas Tower, a 41-storey mixed-use development in Surrey City Centre near Surrey Memorial Hospital and UBC Surrey Campus. Project includes 463 modern rental apartments and 67,000 square feet of Class A Medical Outpatient Space. Supported by CMHC funding. Appelt is developer and asset manager of medical outpatient buildings and multi-family rental buildings with Canada's largest private-sector healthcare infrastructure real estate platform.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• CAPREIT (Canadian Apartment Properties REIT): Largest publicly traded Canadian residential apartment REIT. Most directly comparable peer to Centurion Apartment REIT given shared focus on multi-residential rental, similar geographic footprint, and similar investor base of yield-seeking retail and institutional capital.
• Killam Apartment REIT: Canadian multi-residential REIT operating apartments and manufactured housing communities across Atlantic Canada, Ontario, Alberta, and BC. Directly comparable to Centurion Apartment REIT on property type, regional diversification, and growth-via-acquisition strategy.
• Boardwalk REIT: One of Canada's largest residential landlords with a portfolio concentrated in Alberta, Saskatchewan, Ontario, and Quebec. Highly comparable to Centurion Apartment REIT in asset class, tenant base, and value-add repositioning strategy.
• Minto Apartment REIT: Canadian multi-residential REIT focused on Toronto, Ottawa, Montreal, Calgary, and Edmonton markets. Comparable to Centurion on asset class, urban infill focus, and development pipeline exposure.
• Hazelview Investments: Toronto-based private alternative real estate investment manager with global multi-residential and development exposure. Closest private peer to Centurion given vertically integrated platform, similar Canadian apartment focus, and EVP-level talent overlap (e.g., Centurion's Ryan Kauder previously at Hazelview).
• Starlight Investments: Canadian private multi-family and student housing investment manager with both private funds and a public REIT (Starlight U.S. Multi-Family). Highly comparable on multi-residential focus and student housing vertical.
• Timbercreek Financial: Canadian specialty finance company providing shorter-duration mortgage loans to commercial real estate. Comparable to Centurion's CAMI real estate financing business given shared focus on first mortgages, mezzanine, and bridge lending for real estate developers.
• Firm Capital Mortgage Investment Corporation: Canadian mortgage investment corporation focused on real estate debt across multi-residential, retail, industrial, and office. Comparable to Centurion's CAMI mortgage book in loan sizing, asset class mix, and Canadian real estate developer focus.
• Trez Capital: Canadian private mortgage lender and fund manager with significant multi-family construction and bridge loan originations. Comparable to Centurion's real estate financing vertical on developer relationships, loan structure (mezzanine, participating debt), and Canadian mid-market real estate focus.

Broad incumbents

• Morguard Corporation: Diversified Canadian real estate owner/operator spanning multi-residential, office, retail, and hotel. Comparable through its multi-residential and North American operating footprint, though broader in scope than Centurion's apartment-only focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/investcenturion
• LinkedInlinkedin.com/company/centurion-asset-mgmt

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centurion Asset Management