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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.

  • $3 BILLION+

    Assets Under Management

  • 14 THOUSAND+

    Multi-Family Doors

  • 20 MARKETS+

    Across North America

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, throughout North America. 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 North America, these individuals account for a significant portion of the population.

The Essence of our Strategy

Avenue Living’s focus on workforce housing is strategic. Our target demographic — which includes essential workers — is expected to grow or at the very least remain stable, as will their demand for housing. We invest in class B and C buildings that we can acquire for below replacement cost — often in desirable locations — with a plan to improve the overall quality of the properties with strategic follow-on investment. Our renovation and capital team design and plan to improve property finishes, increase rental rates, stabilize occupancy, and generate increased cash flow.

Our analysis of potential markets considers a range of criteria, including population forecasts and rent growth, workforce demographics, as well as economic diversification. We focus on vibrant secondary markets with stable employment and the potential for growth; we continue to target promising markets in Canada and the United States.

The Core Trust continuously focuses on long-term portfolio stability through active sales and leasing, responsive maintenance services, and strategic capital improvements. In Canada we leverage in-house resources such as property management services, a robust 24/7 customer experience call centre, contract services and a full-scale marketing agency. In the United States, we partner closely with best-in-class local companies to ensure we are efficient and effective in every market. These partners include property managers, who help optimize occupancy and rent while ensuring residents have a safe, comfortable place to call home.

Our strategy is driven by the fact that we are 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%

  • 2021 13.16%

  • 2022 13.38%

Note: Fund returns are based on Class F.  Figures presented as at January 31, 2023

Key Facts

Fund Type

Open-End Mutual Fund Trust

Fund Codes

Class D - AVE0400D

Class A - AVE0400A

Class F - AVE0400F

Institutional Classes Available

USD Denominated Classes Available

Fund Inception

October 2017

AUM (as at January 31, 2023)

$3.14 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

Learn more about our other funds here

View Location By Fund

Core

Opportunity

Agricultural Land

Mini Mall Storage Properties

Airdrie, AB
Units 595
Storage Sq Feet 88,775
Almonte, ON
Units 608
Storage Sq Feet 77,967
Anderson, SC
Units 712
Storage Sq Feet 92,767
Ashville, NC
Units 91
Storage Sq Feet 10,764
Atoka, TN
Units 764
Storage Sq Feet 132,046
Batesville, AR
Units 304
Storage Sq Feet 37,450
Bloomington, IN
Units 305
Storage Sq Feet 33,125
Bonnyville, AB
Properties 18
Doors 306
Bracebridge, ON
Units 264
Storage Sq Feet 89,035
Brandon, MB
Units 307
Storage Sq Feet 25,240
Brighton, TN
Units 382
Storage Sq Feet 55,667
Brooks, AB
Properties 14
Doors 316
Comm Sq Feet 6,515
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 9
Doors 414
Comm Sq Feet 60,512
Calgary, AB
Units 566
Storage Sq Feet 55,629
Calgary, AB
Properties 24
Doors 772
 
Cambridge, ON
Units 1,269
Storage Sq Feet 133,933
Camrose, AB
Properties 25
Doors 325
 
Camrose, AB
Units 868
Storage Sq Feet 104,915
 
Carleton Place, ON
Units 79
Storage Sq Feet 33,935
Cedar Lake, IN
Units 267
Storage Sq Feet 37,205
Cedar Lake, IN
Units 134
Storage Sq Feet 37,205
Cedar Lake, IN
Units 247
Storage Sq Feet 65,600
Cedar Lake, IN
Units 50
Storage Sq Feet 12,600
Cedar Lake, IN
Units 40
Storage Sq Feet 6,300
Cincinnati, OH
Properties 1
Doors 116
 
Cincinnati, OH
Units 449
Storage Sq Feet 46235
Clarksville, AR
Units 57,350
Storage Sq Feet 57,350
Cleveland, TX
Units 68
Storage Sq Feet 10,300
Cleveland, TX
Units 170
Storage Sq Feet 21,840
Cloverdale, IN
Units 92
Storage Sq Feet 15,000
Cobble Hill, BC
Units 323
Storage Sq Feet 43,550
Cochrane, AB
Properties 1
Doors 68
 
Colorado Springs, CO
Properties 1
Doors 129
 
Columbus, OH
Units 421
Storage Sq Feet 46535
Conroe, TX
Units 118
Storage Sq Feet 15,580
Conroe, TX
Units 75
Storage Sq Feet 9,443
Conroe, TX
Units 106
Storage Sq Feet 9,690
Cornwall, ON
Units 709
Storage Sq Feet 54,318
Courtland, AL
Units 71
Storage Sq Feet 7,900
Covington, TN
Units 593
Storage Sq Feet 66,860
Cranbrook, BC
Units 102
Storage Sq Feet 11,500
Crawfordsville, IN
Units 95
Storage Sq Feet 14,550
Cross Lanes, WV
Units 231
Storage Sq Feet 25,350
Dahlonega, GA
Units 333
Storage Sq Feet 56,882
Danville, IL
Units 542
Storage Sq Feet 57,775
Dawson Creek, BC
Units 324
Storage Sq Feet 32,056
Edmonton, AB
Properties 81
Doors 3003
 
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 6,003
Elkview, WV
Units 121
Storage Sq Feet 12,100
Elkview, WV
Units 127
Storage Sq Feet 17,150
Florence, MS
Units 216
Storage Sq Feet 35,501
Grande Cache, AB
 
 
Comm Sq Feet 10,932
Grande Prairie, AB
Units 689
Storage Sq Feet 82,270
Greencastle, IN
Units 287
Storage Sq Feet 48,554
Hawkesbury, ON
Units 260
Storage Sq Feet 45,406
Hot Springs, AR
Units 2,318
Storage Sq Feet 478,804
Kannapolis, NC
Units 347
Storage Sq Feet 41,990
Kansas City, KS
Properties 6
Doors 437
 
Kemptville, ON
Units 156
Storage Sq Feet 18,150
Lacombe, AB
Units 220
Storage Sq Feet 21,691
Lake Charles, LA
Units 377
Storage Sq Feet 33,688
Lethbridge, AB
Properties 26
Doors 615
 
Lethbridge, AB
 
 
Comm Sq Feet 70,810
Lethbridge, AB
Units 596
Storage Sq Feet 47,860
Little River, SC
Units 508
Storage Sq Feet 149,576
Little Rock, AR
Units 425
Storage Sq Feet 47,040
Lloydminster, AB
Properties 29
Doors 767
 
Loganville, GA
Units 530
Storage Sq Feet 91,200
Loveland, OH
Units 491
Storage Sq Feet 72,810
Lucedale, MS
Units 307
Storage Sq Feet 33,700
Madison, WI
Properties 1
Doors 296
 
Maple Ridge, BC
Units 935
Storage Sq Feet 86,801
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 6,900
Meridian, MS
Units 189
Storage Sq Feet 23,850
Moncton, NB
Units 308
Storage Sq Feet 51,006
Mooresville, IN
Units 349
Storage Sq Feet 46,560
Moose Jaw, SK
Properties 8
Doors 284
Moose Jaw, SK
Doors 41
Properties 1
Moss Point, MS
Units 112
Storage Sq Feet 16,750
Nanaimo, BC
Units 252
Storage Sq Feet 22,300
Nelson, BC
Units 403
Storage Sq Feet 35,316
New Orleans, LA
Units 602
Storage Sq Feet 45,475
Newton, NC
Units 329
Storage Sq Feet 42,810
Nitro, WV
Units 154
Storage Sq Feet 19,400
Nitro, WV
Units 115
Storage Sq Feet 9,480
Nitro, WV
Units 55
Storage Sq Feet 6,150
Nitro, WV
Units 40
Storage Sq Feet 5,352
North Vancouver, BC
Units 1,096
Storage Sq Feet 85,555
Opelika, AL
Units 254
Storage Sq Feet 45,036
Ottawa, ON
Units 1,923
Storage Sq Feet 161,291
Owen Sound, ON
Units 183
Storage Sq Feet 101,258
Ponoka, AB
 
 
Comm Sq Feet 67,310
Prince Albert, SK
Properties 12
Doors 265
 
Prince Albert, SK
Properties 1
Doors 30
 
Prince Albert, SK
Units 610
Storage Sq Feet 56,193
 
RM 100
RM 103
RM 110
RM 12
RM 139
RM 156
RM 157
RM 166
RM 169
RM 185
RM 186
RM 187
RM 19
RM 193
RM 211
RM 213
RM 215
RM 216
RM 217
RM 222
RM 225
RM 229
RM 230
RM 241
RM 243
RM 253
RM 255
RM 257
RM 259
RM 261
RM 276
RM 277
RM 287
RM 288
RM 312
RM 316
RM 317
RM 343
RM 351
RM 352
RM 368
RM 372
RM 373
RM 398
RM 43
RM 434
RM 466
RM 488
RM 49
RM 494
RM 61
RM 66
RM 67
RM 73
RM 74
RM 76
RM 95
RM 96
Red Deer, AB
Properties 17
Doors 444
 
Red Deer, AB
Properties 6
Doors 235
 
Redcliff, AB
Units 251
Storage Sq Feet 39,344
Regina, SK
Properties 35
Doors 810
Comm Sq Feet 3,200
Regina, SK
Properties 1
Doors 27
 
Saint John, NB
Units 244
Storage Sq Feet 35,975
Sainte-Thérèse, QC
Units 1,272
Storage Sq Feet 130,953
Saskatchewan
Acres 82,827
Saskatoon, SK
Properties 56
Doors 1,487
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
 
Saskatoon, SK
Units 608
Storage Sq Feet 83,909
 
Sexsmith, AB
Units 381
Storage Sq Feet 37,620
Shelby, NC
Units 373
Storage Sq Feet 43,330
Sherwood Park, AB
Properties 2
Doors 48
 
Splendora, TX
Units 159
Storage Sq Feet 19,665
Splendora, TX
Units 253
Storage Sq Feet 22,211
St. Albert, AB
Units 1,614
Storage Sq Feet 196,212
Stettler, AB
 
 
Comm Sq Feet 8,475
Strathmore, AB
Units 90
Storage Sq Feet 34,968
Strathmore, AB
 
 
Comm Sq Feet 40,041
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 49,750
Thibodaux, LA
Units 36
Storage Sq Feet 4,000
Timmins, ON
Units 410
Storage Sq Feet 45,783
Timmins, ON
Units 213
Storage Sq Feet 45,000
Town Creek, AL
Units 76
Storage Sq Feet 11,700
Trinity, AL
Units 231
Storage Sq Feet 33,450
Waterloo, ON
Units 681
Storage Sq Feet 55,833
West Memphis
Units 824
Storage Sq Feet 107,105
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 9,530
Yorkton, SK
Properties 21
Doors 429
Yorkton, SK
 
 
Comm Sq Feet 31,762
Airdrie, AB
Units 595
Storage Sq Feet 88,775
Almonte, ON
Units 608
Storage Sq Feet 77,967
Anderson, SC
Units 712
Storage Sq Feet 92,767
Ashville, NC
Units 91
Storage Sq Feet 10,764
Atoka, TN
Units 764
Storage Sq Feet 132,046
Batesville, AR
Units 304
Storage Sq Feet 37,450
Bloomington, IN
Units 305
Storage Sq Feet 33,125
Bonnyville, AB
Properties 18
Doors 306
Bracebridge, ON
Units 264
Storage Sq Feet 89,035
Brandon, MB
Units 307
Storage Sq Feet 25,240
Brighton, TN
Units 382
Storage Sq Feet 55,667
Brooks, AB
Properties 14
Doors 316
Comm Sq Feet 6,515
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 9
Doors 414
Comm Sq Feet 60,512
Calgary, AB
Units 566
Storage Sq Feet 55,629
Calgary, AB
Properties 24
Doors 772
Core Trust
Cambridge, ON
Units 1,269
Storage Sq Feet 133,933
Camrose, AB
Properties 25
Doors 325
Core Trust
Camrose, AB
Units 868
Storage Sq Feet 104,915
Core Trust
Carleton Place, ON
Units 79
Storage Sq Feet 33,935
Cedar Lake, IN
Units 267
Storage Sq Feet 37,205
Cedar Lake, IN
Units 134
Storage Sq Feet 37,205
Cedar Lake, IN
Units 247
Storage Sq Feet 65,600
Cedar Lake, IN
Units 50
Storage Sq Feet 12,600
Cedar Lake, IN
Units 40
Storage Sq Feet 6,300
Cincinnati, OH
Properties 1
Doors 116
Core Trust
Cincinnati, OH
Units 449
Storage Sq Feet 46235
Clarksville, AR
Units 57,350
Storage Sq Feet 57,350
Cleveland, TX
Units 68
Storage Sq Feet 10,300
Cleveland, TX
Units 170
Storage Sq Feet 21,840
Cloverdale, IN
Units 92
Storage Sq Feet 15,000
Cobble Hill, BC
Units 323
Storage Sq Feet 43,550
Cochrane, AB
Properties 1
Doors 68
Core Trust
Colorado Springs, CO
Properties 1
Doors 129
Core Trust
Columbus, OH
Units 421
Storage Sq Feet 46535
Conroe, TX
Units 118
Storage Sq Feet 15,580
Conroe, TX
Units 75
Storage Sq Feet 9,443
Conroe, TX
Units 106
Storage Sq Feet 9,690
Cornwall, ON
Units 709
Storage Sq Feet 54,318
Courtland, AL
Units 71
Storage Sq Feet 7,900
Covington, TN
Units 593
Storage Sq Feet 66,860
Cranbrook, BC
Units 102
Storage Sq Feet 11,500
Crawfordsville, IN
Units 95
Storage Sq Feet 14,550
Cross Lanes, WV
Units 231
Storage Sq Feet 25,350
Dahlonega, GA
Units 333
Storage Sq Feet 56,882
Danville, IL
Units 542
Storage Sq Feet 57,775
Dawson Creek, BC
Units 324
Storage Sq Feet 32,056
Edmonton, AB
Properties 81
Doors 3003
Core Trust
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 6,003
Elkview, WV
Units 121
Storage Sq Feet 12,100
Elkview, WV
Units 127
Storage Sq Feet 17,150
Florence, MS
Units 216
Storage Sq Feet 35,501
Grande Cache, AB
Core Trust
Core Trust
Comm Sq Feet 10,932
Grande Prairie, AB
Units 689
Storage Sq Feet 82,270
Greencastle, IN
Units 287
Storage Sq Feet 48,554
Hawkesbury, ON
Units 260
Storage Sq Feet 45,406
Hot Springs, AR
Units 2,318
Storage Sq Feet 478,804
Kannapolis, NC
Units 347
Storage Sq Feet 41,990
Kansas City, KS
Properties 6
Doors 437
Core Trust
Kemptville, ON
Units 156
Storage Sq Feet 18,150
Lacombe, AB
Units 220
Storage Sq Feet 21,691
Lake Charles, LA
Units 377
Storage Sq Feet 33,688
Lethbridge, AB
Properties 26
Doors 615
Core Trust
Lethbridge, AB
Core Trust
Core Trust
Comm Sq Feet 70,810
Lethbridge, AB
Units 596
Storage Sq Feet 47,860
Little River, SC
Units 508
Storage Sq Feet 149,576
Little Rock, AR
Units 425
Storage Sq Feet 47,040
Lloydminster, AB
Properties 29
Doors 767
Core Trust
Loganville, GA
Units 530
Storage Sq Feet 91,200
Loveland, OH
Units 491
Storage Sq Feet 72,810
Lucedale, MS
Units 307
Storage Sq Feet 33,700
Madison, WI
Properties 1
Doors 296
Core Trust
Maple Ridge, BC
Units 935
Storage Sq Feet 86,801
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 6,900
Meridian, MS
Units 189
Storage Sq Feet 23,850
Moncton, NB
Units 308
Storage Sq Feet 51,006
Mooresville, IN
Units 349
Storage Sq Feet 46,560
Moose Jaw, SK
Properties 8
Doors 284
Moose Jaw, SK
Doors 41
Properties 1
Moss Point, MS
Units 112
Storage Sq Feet 16,750
Nanaimo, BC
Units 252
Storage Sq Feet 22,300
Nelson, BC
Units 403
Storage Sq Feet 35,316
New Orleans, LA
Units 602
Storage Sq Feet 45,475
Newton, NC
Units 329
Storage Sq Feet 42,810
Nitro, WV
Units 154
Storage Sq Feet 19,400
Nitro, WV
Units 115
Storage Sq Feet 9,480
Nitro, WV
Units 55
Storage Sq Feet 6,150
Nitro, WV
Units 40
Storage Sq Feet 5,352
North Vancouver, BC
Units 1,096
Storage Sq Feet 85,555
Opelika, AL
Units 254
Storage Sq Feet 45,036
Ottawa, ON
Units 1,923
Storage Sq Feet 161,291
Owen Sound, ON
Units 183
Storage Sq Feet 101,258
Ponoka, AB
Core Trust
Core Trust
Comm Sq Feet 67,310
Prince Albert, SK
Properties 12
Doors 265
Core Trust
Prince Albert, SK
Properties 1
Doors 30
Core Trust
Prince Albert, SK
Units 610
Storage Sq Feet 56,193
Core Trust
RM 100
RM 103
RM 110
RM 12
RM 139
RM 156
RM 157
RM 166
RM 169
RM 185
RM 186
RM 187
RM 19
RM 193
RM 211
RM 213
RM 215
RM 216
RM 217
RM 222
RM 225
RM 229
RM 230
RM 241
RM 243
RM 253
RM 255
RM 257
RM 259
RM 261
RM 276
RM 277
RM 287
RM 288
RM 312
RM 316
RM 317
RM 343
RM 351
RM 352
RM 368
RM 372
RM 373
RM 398
RM 43
RM 434
RM 466
RM 488
RM 49
RM 494
RM 61
RM 66
RM 67
RM 73
RM 74
RM 76
RM 95
RM 96
Red Deer, AB
Properties 17
Doors 444
Core Trust
Red Deer, AB
Properties 6
Doors 235
Core Trust
Redcliff, AB
Units 251
Storage Sq Feet 39,344
Regina, SK
Properties 35
Doors 810
Comm Sq Feet 3,200
Regina, SK
Properties 1
Doors 27
Core Trust
Saint John, NB
Units 244
Storage Sq Feet 35,975
Sainte-Thérèse, QC
Units 1,272
Storage Sq Feet 130,953
Saskatchewan
Acres 82,827
Saskatoon, SK
Properties 56
Doors 1,487
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
Core Trust
Saskatoon, SK
Units 608
Storage Sq Feet 83,909
Core Trust
Sexsmith, AB
Units 381
Storage Sq Feet 37,620
Shelby, NC
Units 373
Storage Sq Feet 43,330
Sherwood Park, AB
Properties 2
Doors 48
Core Trust
Splendora, TX
Units 159
Storage Sq Feet 19,665
Splendora, TX
Units 253
Storage Sq Feet 22,211
St. Albert, AB
Units 1,614
Storage Sq Feet 196,212
Stettler, AB
Core Trust
Core Trust
Comm Sq Feet 8,475
Strathmore, AB
Units 90
Storage Sq Feet 34,968
Strathmore, AB
Core Trust
Core Trust
Comm Sq Feet 40,041
Swift Current, SK
Properties 10
Doors 221
Core Trust
Swift Current, SK
Properties 1
Doors 14
Comm Sq Feet 6,000
Swift Current, SK
Units 514
Storage Sq Feet 49,750
Thibodaux, LA
Units 36
Storage Sq Feet 4,000
Timmins, ON
Units 410
Storage Sq Feet 45,783
Timmins, ON
Units 213
Storage Sq Feet 45,000
Town Creek, AL
Units 76
Storage Sq Feet 11,700
Trinity, AL
Units 231
Storage Sq Feet 33,450
Waterloo, ON
Units 681
Storage Sq Feet 55,833
West Memphis
Units 824
Storage Sq Feet 107,105
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 9,530
Yorkton, SK
Properties 21
Doors 429
Yorkton, SK
Core Trust
Core Trust
Comm Sq Feet 31,762
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