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Investing in the Everyday

We consider every investment an investment for the future, which is why the Core Trust, an open-ended mutual fund trust, focuses on multi-family real estate that houses the backbone of our workforce — essential workers.

  • $2 BILLION+

    Assets Under Management

  • 11 THOUSAND+

    Multi-Family Doors

  • 40 THOUSAND+

    Commercial Square Feet

Embracing B & C Class

The Avenue Living Real Estate Core Trust acquires quality multi-family assets, which have stable occupancy and require some capital upgrades. Through the partnership with Avenue Living (2014) LP, the B and C class buildings are strategically managed and operated. These B and C class assets are well-positioned to serve a niche market called “workforce housing.”

Workforce housing caters to a particular subset of the population – essential workers who are overqualified for affordable housing but may not yet be able to afford to rent or purchase average market-rate homes. In Canada, these individuals account for nearly 40% of provincial populations, on average.

The Essence of our Strategy

Avenue Living’s focus on workforce housing is strategic. Our target demographic — essential workers — is expected to grow or at the very least remain stable, as will their demand for housing. Our focus on B and C class buildings has several advantages: we can acquire assets below market replacement cost; these buildings are often in desirable locations; and we can find value in markets that are often overlooked.

The Core Trust continuously focuses on long-term portfolio stability through active sales and leasing, responsive maintenance services, and strategic capital improvements. We’re able to leverage in-house resources such as property management services, a robust 24/7 call centre, contract services and a full-scale marketing agency.

Our strategy is driven by the notion that we’re stewards of capital. We filter every investment decision through our ultimate goal: long-term capital appreciation and preservation that can provide healthy cash flows and distributions for our investors.

  • 2018 7.23%

  • 2019 9.29%

  • 2020 8.55%

  • YTD 7.96%

*Fund returns are based on Class F as at July 31, 2021

Key Facts

Fund Type

Open-End Mutual Fund Trust

Fund Codes

Class A - ICC400A

Class J - ICC400J

Class F - ICC400F

Institutional Classes Available

Fund Inception

October 2017

AUM (as at July 31, 2021)

$2.1 Billion

Asset Manager

Avenue Living Asset Management Ltd.

Fund Manager

Invico Capital Corporation

Distributions

Monthly

Minimum Investment

$5,000

Registered Eligible

Yes

*Refer to Offering Memorandum for full details

Fact Sheets

Core Trust Class F Fact Sheet   Core Trust Offering Memorandum  

Learn more about our other funds here

All Funds

Core

Opportunity

Agricultural Land

U.S. Real Estate

Mini Mall Storage Properties

Abernethy, SK
Acres 1,939
Airdrie, AB
Units 615
Storage Sq Feet 88,775
Almonte, ON
Units 479
Storage Sq Feet 62,780
Aneroid, SK
Acres 1,260
Antler, SK
Acres 1,591
Assiniboia, SK
Acres 965
Bankend, SK
Acres 730
Blaine Lake, SK
Acres 1,141
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 282
Storage Sq Feet 92,745
Brandon, MB
Units 308
Storage Sq Feet 25,750
Brooks, AB
Properties 14
Doors 315
Comm Sq Feet 6,515
Calder, SK
Acres 1,392
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
Calgary, AB
Units 563
Storage Sq Feet 60,693
Calgary, AB
Properties 5
Doors 306
Cambridge, ON
Units 1,077
Storage Sq Feet 104,792
Camrose, AB
Properties 25
Doors 325
Camrose, AB
Units 772
Storage Sq Feet 96,065
Carleton Place, ON
Units 79
Storage Sq Feet 33,930
Churchbridge, SK
Acres 782
Cincinnati, OH
Properties 1
Doors 116
Cochrane, AB
Properties 1
Doors 68
Colorado Springs, CO
Properties 1
Doors 129
Cornwall, ON
Units 551
Storage Sq Feet 39,028
Cranbrook, BC
Units 102
Storage Sq Feet 11,100
Dawson Creek, BC
Units 292
Storage Sq Feet 32,104
Edmonton, AB
Properties 61
Doors 1,176
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 13,100
Elrose, SK
Acres 4,080
Elstow, SK
Acres 2,273
Fillmore, SK
Acres 1,752
Foam Lake, SK
Acres 1,739
Golden West, SK
Acres 2,457
Grande Prairie, AB
Units 718
Storage Sq Feet 86,772
Griffin, SK
Acres 626
Harris, SK
Acres 1,638
Hawkesbury, ON
Units 235
Storage Sq Feet 51,698
Indian Head, SK
Acres 946
Kansas City, KS
Properties 5
Doors 414
Kemptville, ON
Units 157
Storage Sq Feet 18,150
Lacombe, AB
Units 204
Storage Sq Feet 26382
Lafleche, SK
Acres 3,954
Lancer, SK
Acres 5,378
Lethbridge, AB
Properties 27
Doors 615
Lethbridge, AB
 
 
Comm Sq Feet 70,810
Lethbridge, AB
Units 604
Storage Sq Feet 47,235
Lloydminster, AB
Properties 29
Doors 767
Madison, WI
Properties 1
Doors 296
Maple Ridge, BC
Units 897
Storage Sq Feet 93,886
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 7,150
Moncton, NB
Units 348
Storage Sq Feet 52,932
Moose Jaw, SK
Properties 7
Doors 243
Nelson, BC
Units 330
Storage Sq Feet 34,560
North Vancouver, BC
Units 1,095
Storage Sq Feet 85,652
Ottawa, ON
Units 2,050
Storage Sq Feet 163,875
Pleasant Valley, SK
Acres 1,762
Pleasantdale, SK
Acres 1,226
Ponoka, AB
 
 
Comm Sq Feet 67,515
Poplar Valley, SK
Acres 2,836
Prince Albert, SK
Properties 11
Doors 235
Prince Albert, SK
Properties 1
Doors 30
Prince Albert, SK
Units 428
Storage Sq Feet 41,370
QuAppelle, SK
Acres 305
Red Deer, AB
Properties 17
Doors 445
Red Deer, AB
Properties 6
Doors 235
Redcliff, AB
Units 253
Storage Sq Feet 39,504
Regina, SK
Properties 30
Doors 578
Comm Sq Feet 3,350
Regina, SK
Properties 3
Doors 54
Saltcoats, SK
Acres 1,418
Saskatoon, SK
Properties 53
Doors 1,307
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
Saskatoon, SK
Units 605
Storage Sq Feet 87,550
Sexsmith, AB
Units 387
Storage Sq Feet 37,700
Sherwood Park, AB
Properties 2
Doors 48
St. Albert, AB
Units 1614
Storage Sq Feet 194,500
St. John, NB
Units 162
Storage Sq Feet 25,393
Stettler, AB
 
 
Comm Sq Feet 8,475
Strathmore, AB
Units 88
Storage Sq Feet 36,518
Swift Current, SK
Properties 10
Doors 221
Swift Current, SK
Properties 1
Doors 14
Comm Sq Feet 6,000
Swift Current, SK
Units 514
Storage Sq Feet 53,060
Timmins, ON
Units 195
Storage Sq Feet 20,420
Tulleymet, SK
Acres 4,335
Wallace, SK
Acres 1,548
Waterloo, ON
Units 681
Storage Sq Feet 55,331
Wetaskiwin, AB
Properties 21
Doors 401
Wetaskiwin, AB
Properties 22
Doors 401
Comm Sq Feet 158,645
Winnipeg, MB
Properties 1
Doors 256
Comm Sq Feet 9,554
Yorkton, SK
Properties 21
Doors 429
Abernethy, SK
Acres 1,939
Airdrie, AB
Units 615
Storage Sq Feet 88,775
Almonte, ON
Units 479
Storage Sq Feet 62,780
Aneroid, SK
Acres 1,260
Antler, SK
Acres 1,591
Assiniboia, SK
Acres 965
Bankend, SK
Acres 730
Blaine Lake, SK
Acres 1,141
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 282
Storage Sq Feet 92,745
Brandon, MB
Units 308
Storage Sq Feet 25,750
Brooks, AB
Properties 14
Doors 315
Comm Sq Feet 6,515
Calder, SK
Acres 1,392
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
Calgary, AB
Units 563
Storage Sq Feet 60,693
Calgary, AB
Properties 5
Doors 306
Cambridge, ON
Units 1,077
Storage Sq Feet 104,792
Camrose, AB
Properties 25
Doors 325
Camrose, AB
Units 772
Storage Sq Feet 96,065
Carleton Place, ON
Units 79
Storage Sq Feet 33,930
Churchbridge, SK
Acres 782
Cincinnati, OH
Properties 1
Doors 116
Cochrane, AB
Properties 1
Doors 68
Colorado Springs, CO
Properties 1
Doors 129
Cornwall, ON
Units 551
Storage Sq Feet 39,028
Cranbrook, BC
Units 102
Storage Sq Feet 11,100
Dawson Creek, BC
Units 292
Storage Sq Feet 32,104
Edmonton, AB
Properties 61
Doors 1,176
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 13,100
Elrose, SK
Acres 4,080
Elstow, SK
Acres 2,273
Fillmore, SK
Acres 1,752
Foam Lake, SK
Acres 1,739
Golden West, SK
Acres 2,457
Grande Prairie, AB
Units 718
Storage Sq Feet 86,772
Griffin, SK
Acres 626
Harris, SK
Acres 1,638
Hawkesbury, ON
Units 235
Storage Sq Feet 51,698
Indian Head, SK
Acres 946
Kansas City, KS
Properties 5
Doors 414
Kemptville, ON
Units 157
Storage Sq Feet 18,150
Lacombe, AB
Units 204
Storage Sq Feet 26382
Lafleche, SK
Acres 3,954
Lancer, SK
Acres 5,378
Lethbridge, AB
Properties 27
Doors 615
Lethbridge, AB
Core Trust
Core Trust
Comm Sq Feet 70,810
Lethbridge, AB
Units 604
Storage Sq Feet 47,235
Lloydminster, AB
Properties 29
Doors 767
Madison, WI
Properties 1
Doors 296
Maple Ridge, BC
Units 897
Storage Sq Feet 93,886
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 7,150
Moncton, NB
Units 348
Storage Sq Feet 52,932
Moose Jaw, SK
Properties 7
Doors 243
Nelson, BC
Units 330
Storage Sq Feet 34,560
North Vancouver, BC
Units 1,095
Storage Sq Feet 85,652
Ottawa, ON
Units 2,050
Storage Sq Feet 163,875
Pleasant Valley, SK
Acres 1,762
Pleasantdale, SK
Acres 1,226
Ponoka, AB
Core Trust
Core Trust
Comm Sq Feet 67,515
Poplar Valley, SK
Acres 2,836
Prince Albert, SK
Properties 11
Doors 235
Prince Albert, SK
Properties 1
Doors 30
Prince Albert, SK
Units 428
Storage Sq Feet 41,370
QuAppelle, SK
Acres 305
Red Deer, AB
Properties 17
Doors 445
Red Deer, AB
Properties 6
Doors 235
Redcliff, AB
Units 253
Storage Sq Feet 39,504
Regina, SK
Properties 30
Doors 578
Comm Sq Feet 3,350
Regina, SK
Properties 3
Doors 54
Saltcoats, SK
Acres 1,418
Saskatoon, SK
Properties 53
Doors 1,307
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
Saskatoon, SK
Units 605
Storage Sq Feet 87,550
Sexsmith, AB
Units 387
Storage Sq Feet 37,700
Sherwood Park, AB
Properties 2
Doors 48
St. Albert, AB
Units 1614
Storage Sq Feet 194,500
St. John, NB
Units 162
Storage Sq Feet 25,393
Stettler, AB
Core Trust
Core Trust
Comm Sq Feet 8,475
Strathmore, AB
Units 88
Storage Sq Feet 36,518
Swift Current, SK
Properties 10
Doors 221
Swift Current, SK
Properties 1
Doors 14
Comm Sq Feet 6,000
Swift Current, SK
Units 514
Storage Sq Feet 53,060
Timmins, ON
Units 195
Storage Sq Feet 20,420
Tulleymet, SK
Acres 4,335
Wallace, SK
Acres 1,548
Waterloo, ON
Units 681
Storage Sq Feet 55,331
Wetaskiwin, AB
Properties 21
Doors 401
Wetaskiwin, AB
Properties 22
Doors 401
Comm Sq Feet 158,645
Winnipeg, MB
Properties 1
Doors 256
Comm Sq Feet 9,554
Yorkton, SK
Properties 21
Doors 429
Our Insights

October 22, 2021

Avenue Living’s People and Culture Team

Companies, both large and small, rely on the knowledge and expertise of their People and Culture (P&C) teams. Our People and Culture unit is a forward-thinking group that plays a progressive and diverse role within the company, continuing to focus on our most important…

View Insight

October 5, 2021

Avenue Living Asset Management of Calgary has doubled its AUM to $3 billion during the pandemic

We are thrilled to announce we have raised our AUM above $3 billion and solidified ourselves as one of Canada’s leading workforce housing providers. In the last 1.5 years, we have doubled our portfolio and increased our AUM by $1.5 billion. Our talented team, sound investment strategy, and robust, agile platform — as…

View Insight

OUR TRUSTS
  • Opportunity Trust

    The Avenue Living Real Estate Opportunity Trust is a mutual fund trust, targeting under-performing multi-family assets, balanced with stable, well-tenanted commercial assets. The portfolio currently has approximately 900 multi-family units and 350,000+ square feet of retail, office, and industrial space across Alberta and Saskatchewan under management and under contract.

  • Agricultural Land Trust

    The Avenue Living Agricultural Land Trust is a mutual fund trust that invests in Canadian farmland and leases it to farm operators for cash rent. Without the intense capital requirements in managing real estate, farm operators can focus on what they do best — farming and producing global food supply. We ensure tenants use best practices in farming to maintain productivity of the land for future generations.

  • US Real Estate Trust

    The Avenue Living U.S. Real Estate Trust is a mutual fund trust targeting stabilized multi-family assets in balanced, secondary U.S. markets. This Trust brings a unique data-driven, methodical approach to identifying markets and investment opportunities across the United States.

  • Mini Mall Storage Properties Trust

    The Mini Mall Storage Properties Trust is a mutual fund trust focused on consolidating self-storage assets with strong existing cash flow. The Trust will build its portfolio off a significantly fragmented industry, leveraging automation and technology, along with Avenue Living Communities and Avenue Living Asset Management platforms.

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