What Centurion Property Associates does

Centurion Property Associates Inc. is a private, Toronto-headquartered multi-family residential property manager and operator, established in 2003. The company oversees a portfolio of more than 21,000 residential apartments and off-campus student residences spanning 37+ Canadian cities and the United States, with affiliated vehicles Centurion Apartment REIT and Centurion Financial Trust associated with its ownership structure. Operations are organized through a Customer Care Centre (operating until 9pm on weekdays), on-site leasing offices at each property, regional directors across Ontario, Quebec, Western Canada, and Nova Scotia, and a dedicated student housing sub-brand called The MARQ with locations in London, Montreal, Waterloo, and Calgary.

The core product surface is the cpliving.com residential rental platform, built and operated in partnership with Rentsync, which provides city-based property search, virtual tours (including FaceTime and WhatsApp options), online applications, and a Resident Centre portal for maintenance requests and pre-authorized rent payments. Property-level features include smart card and keyless entry systems, security camera surveillance, fitness facilities, EV charging stations, bike storage, pet-friendly policies, and rooftop or business amenities varying by building. The MARQ is positioned as a separate, fully furnished, all-inclusive student residence brand with high-speed Wi-Fi, marketed through its own dedicated website at themarq.ca. Workforce expanded from fewer than 50 employees in 2012 to more than 300 across Canada, supported by BambooHR for HR operations.

Revenue is generated primarily through monthly residential rental income across 21,000+ units, with unit-level pricing spanning approximately $908 (shared student accommodations) to $2,725 (premium Calgary penthouses), plus ancillary recurring streams including parking ($25–$150/month), storage/lockers ($50–$100/month), pet fees ($25–$35/month), and selectively billed utilities and security deposits. The go-to-market motion is direct-to-consumer via cpliving.com, the toll-free Customer Care line, on-site leasing offices, and promotional incentives such as one-to-two-month rent-free periods and move-in credits. Customer segments are horizontal: general residential renters (individuals, couples, families) and post-secondary students seeking off-campus housing, with no enterprise customer concentration and revenue distributed across thousands of individual tenants.

Name

Centurion Property Associates

Legal name

Centurion Property Associates Inc.

Website

https://cpliving.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Centurion Property Associates Inc. is a Toronto-based private residential property manager operating 21,000+ multi-family apartments and off-campus student residences (The MARQ) across 37+ Canadian cities and the United States, leasing direct-to-consumer through cpliving.com and a Customer Care Centre.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Lessors Of Real Property, Nec (6519), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Student Housing Property Management (BPAJAFAF)

akta.pro secondary industry

Student/Academic Serviced Residences (THAGAEAF)

Keywords

• Residential property management
• Apartment rental services
• Student housing residences
• Multi-family housing leasing
• Off-campus student accommodations

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Monthly Rental Income: Core revenue from monthly residential apartment rentals across 21,000+ units. Pricing varies by unit type (bachelor to 3-bedroom), location, and amenities, ranging from approximately $908 to $2,725 per month.
2. Ancillary Fees: Additional revenue from parking fees ($25-$150/month), storage/locker rentals ($50-$100/month), pet fees ($25-$35/month), and security deposits. Some properties charge utility fees separately.
3. Student Housing (The MARQ): Dedicated student residence brand offering fully furnished private bedrooms with all-inclusive rates in London, Montreal, Waterloo, and Calgary locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Centurion Property Associates owns, manages, and leases a portfolio of over 21,000 multi-family residential apartments and off-campus student residences across Canada and the United States, marketed through its cpliving.com platform and The MARQ student housing brand. The company generates recurring monthly rental income from bachelor, 1-bedroom, 2-bedroom, and 3-bedroom units, supplemented by ancillary fees (parking, storage, pet, deposits) and promotional incentives such as 1–2 months free rent and move-in credits.

Product overview

Centurion Property Associates Inc. operates a multi-family residential rental platform consisting of Premium Rentals (its core product) with over 21,000 residential apartments across Canada and the US, supplemented by The MARQ sub-brand for student housing. The platform includes a Customer Care Centre providing extended hours support, and a Resident Centre portal for maintenance requests and payments. Properties feature various amenities including fitness facilities, EV charging, and smart building access systems.

Differentiator

Problem solved

Functional benefit

Brands

• The MARQ: Student residence brand operated by Centurion, offering off-campus student housing in London, Montreal, Waterloo, and Calgary with fully furnished private bedrooms, high-speed Wi-Fi, and all-inclusive rates.

Products and services

• Premium Rentals (Multi-Family Residential Apartments)

Quantifiable outcome

• 21,000+ residential apartments and student residences managed

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• RentsynccoreTechnology or IntegrationRentsync is the website development and property management platform provider for Centurion. They designed and developed the cpliving.com website and provide the property listing and management technology powering the company's digital presence.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• American Campus Communities: Largest US student housing owner, operator, and developer, focused on off-campus student residences near major universities. Directly comparable to The MARQ sub-brand's business model and customer.
• Boardwalk REIT: Major Canadian open-ended REIT focused on multi-family residential rental properties across Alberta, Saskatchewan, Ontario, Quebec, and BC. Highly comparable portfolio mix and customer base.
• CAPREIT (Canadian Apartment Properties REIT): Canada's largest publicly traded residential REIT, managing tens of thousands of multi-family apartments across Canada. Most direct peer in business model, scale, and geography to Centurion.
• Mainstreet Equity Corp. Canadian multi-family residential operator pursuing value-add acquisitions in secondary markets. Similar asset class with overlapping geographic footprint and tenant profile.
• Hazelview Investments (formerly Minto Properties): Toronto-headquartered multi-family residential owner/operator managing thousands of apartments across Canada and the US. Highly comparable in size, urban focus, and renter demographic.
• Northview Apartment REIT: Canadian residential REIT operating apartments and townhomes across multiple provinces. Directly comparable in property type, geography, and tenant base to Centurion.
• Skyline Group of Companies: Privately held Canadian residential and commercial property manager with multi-family apartments in Ontario and Western Canada. Comparable ownership-style operations and renter demographic.
• Killam Apartment REIT: Atlantic Canada and Ontario-focused residential REIT with a similar unit count (~20,000+ apartments and townhomes) to Centurion. Closest scale comparable in the Canadian market.

Broad incumbents

• Morguard Corporation: Diversified Canadian real estate company with significant residential exposure alongside commercial, retail, and hotel assets. Comparable on the residential vertical but operates a much broader portfolio.
• Greystar Real Estate Partners: Global leader in multifamily rental housing, property management, and student housing, with significant US and Canadian operations. Comparable in operational sophistication and student housing exposure (The MARQ).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RentCenturion
• Instagraminstagram.com/rentcenturion

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Property Associates