Avenue Living Combines Funds, Plans ‘Workforce Housing’ Growth
The Avenue Living Core Trust has recently closed on the acquisition of the Avenue Living U.S. Real Estate Trust. This transaction, along with the execution of further pipeline opportunities in Canada and the U.S., brings our Core Trust to 22 markets across North America, and a current total AUM of $2.4 billion representing 12,387 multi-family units across North America.
By creating what we view to be the first North American alternative real estate fund specializing in workforce housing, we have established a platform for efficient expansion of the Trust’s multi-family real estate consolidation across the North American Heartland.
This commentary and the information contained herein are for educational and informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy any securities or related financial instruments. This article may contain forward-looking statements. Readers should refer to information contained on our website at www.avenuelivingam.com for additional information regarding forward-looking statements and certain risks associated with them.