Deveraux Group of Companies and Centurion Asset Management Open 439-Unit Artisan at Rangeview in Calgary

CALGARY — Deveraux Group of Companies and Centurion Asset Management Inc. celebrated the grand opening of The Artisan at Rangeview on October 7, 2026, marking completion of a purpose-built rental community that adds 439 rental homes to Calgary's housing supply.

The community is located at #5000, 80 Rangeview Gate SE in the city's southeast Rangeview neighbourhood. The firms announced the opening on October 8, 2026.

Grand Opening Draws Community Leaders and Project Partners

Community leaders, project partners, residents and stakeholders gathered for a ribbon-cutting ceremony and tours of the property. The event also included remarks from project stakeholders and media opportunities.

Stephen Marshall, Executive Vice President, Property Operations at Centurion Asset Management Inc., said the project supports long-term rental supply in the city. "Calgary needs more rental housing, and projects like The Artisan at Rangeview help close the gap. We are proud to partner with Deveraux in bringing 439 new homes to a growing community and to support the kind of long-term rental supply that benefits residents and the city alike," Marshall said.

Denis Jones, President and CEO of Deveraux Group of Companies, described the community's positioning. "We believe rental living should be every bit as fulfilling as homeownership. The Artisan at Rangeview combines exceptional apartment homes with premium amenities and inviting social spaces, creating a community where residents can build connections, pursue their interests, and enjoy an elevated living experience every day," Jones said.

Property Details: The Artisan at Rangeview

The Artisan at Rangeview is a professionally managed, purpose-built multifamily rental community with 439 rental homes. The community offers modern suites, resident-focused amenities and social spaces designed to foster connection and convenience for individuals, couples and families.

The announcement was a development completion and opening notice rather than a sale. Deveraux Group of Companies is the sponsor and owner-developer, with Centurion Asset Management participating in the project.

Calgary Rental Market Context

The opening comes as Calgary shifts from a tight rental market toward a more competitive one. Institutional Property Advisors projects Calgary apartment vacancy to approach 7% in 2026, compared with a record-low 1.4% in 2023, as a wave of new construction reaches completion. Yardi reported Calgary's vacancy rate at 6.8% in the second quarter of 2026, the highest among the Canadian markets it tracked, while national in-place rent growth slowed to 2.2% year over year.

Institutional Property Advisors expects average Calgary apartment rents to plateau in 2026 and anticipates elevated deliveries to continue beyond 2026 given the size of the construction pipeline. The firm describes underlying demand as healthy, supported by continued in-migration, but says the concentration of deliveries is keeping vacancy elevated and causing larger projects to take longer to stabilize. Newer properties are increasingly using incentives to manage vacancy, and higher-priced new apartments face pressure while older, more affordable buildings continue to show comparatively stronger renter demand.

Nationally, apartment starts accounted for 50.6% of total Canadian housing starts in 2025, or approximately 113,200 starts, according to data cited by BMO Capital Markets.

Sponsors: Deveraux and Centurion

Deveraux Group of Companies describes itself as one of Western Canada's leading owner-developers and property managers of purpose-built rental housing, developing, owning and managing multifamily residential properties.

Centurion Asset Management Inc. describes itself as an asset management company specializing in private alternative investments across real estate and corporate mortgage financing. The firm said it owns and manages more than $7.8 billion in assets across its multi-residential, student housing and medical office portfolios, with a presence in 45 cities across Canada and the U.S.

Outlook

With 439 homes, The Artisan at Rangeview enters a Calgary market characterized by record apartment deliveries, rising vacancy and moderating rent growth. The firms said the community expands housing options for renters seeking professionally managed accommodations.

Sources

• Centurion Asset Management Inc.: https://centurion.ca/insights/news/grand-opening-the-artisan-rangeview