Avenue Living Real Estate Core Trust

Avenue Living is a growing private multifamily asset owner and operator based in Western Canada with 11,200+ units in Alberta, Saskatchewan, and Manitoba. Avenue Living has strategically positioned itself to be the owner/operator of B and C Class buildings, which caters to a niche market within the multifamily universe called Workforce Housing. The term “Workforce Housing” originates from the concept of providing affordable housing in resort communities where disparity in wages and the cost of purchasing/renting homes in town prevented workers from being able to afford living in town. Not to be confused with affordable housing, workforce Housing caters to a city’s “essential workers” making 60-120% of an area’s median income, who are overqualified for affordable housing yet may not be able to afford average market-rate homes, whether for rent or purchase. In Canada, individuals who form part of the Workforce Housing demographic constitute nearly 40% of the population on average.

Highlights:

Target total annual return: 8-12%

Target annual distribution: 5.77%

TFSA, RRSP, Registered eligible

Operating since 2006 with 11,200+ multi-family units

Want to know more or see other offerings?
You can reach us directly at msacilotto@quantuscorp.com or at 647-969-4020 (direct) 647-689-6089 (main)