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

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.

VISIT TRUST
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.

VISIT TRUST
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.

VISIT TRUST
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.

VISIT TRUST

Investing in the Everyday

$2 BILLION+

11 THOUSAND+

40 THOUSAND+

Embracing B & C Class

The Essence of our Strategy

2018 7.23%

2019 9.29%

2020 8.55%

YTD 7.96%

Key Facts

Fact Sheets

Learn more about our other funds here

Our Insights

Avenue Living’s People and Culture Team

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

Housing affordability should be at the forefront of many discussions: Avenue Living CEO

Avenue Living Increases AUM by $1.5 Billion in 18 Months, Raising Total AUM to More Than $3 Billion

Property Management is Changing, and Avenue Living is Helping to Lead the Way

Investing In the Everyday — Business In Calgary Magazine

Prop-Tech Helping Propel Avenue Living to New Heights

Avenue Living Expands Its Calgary Portfolio

Avenue Living Raises Their AUM to $2.8 Billion Through a $275 Million Edmonton Acquisition

Avenue Strengthens Position As Investment Leader

Dissecting Avenue Living’s Extensive Investment Strategy

Interview with BNN Bloomberg: How Avenue Living is giving investors a new way to get into real estate

IT Helping Avenue Living Attain Our Lofty Goals

Repositioning The Westwinds Complex In Lethbridge To An Age-friendly Community

Keynote Interview with PERE: Secondary Markets Poised for Growth

Alternative Investments: A Strategic Portfolio Inclusion

How Technology Helps Us Elevate the Resident Experience

How Housing Affordability Impacts Communities

How Avenue Living’s Legal Team Is A Strategic Partner

Top Reads: What We’re Reading At Avenue Living

Avenue Living Communities’ SVP Team Works Together to Put Residents First

Why More Millennials are Choosing to Rent Long-term, & How We’re Staying Ahead of the Curve

Building Relationships and Communities Through the Avenue Living Resident Experience

Sustainable Real Estate Investing

Quality Assurance: How Caring for our Assets Means Caring for All Our Stakeholders

Avenue Living Call Centre Goes The Extra Mile For A Positive Resident Experience

Investing In The Long Term: Capital Expenditures Create Benefits For Everyone

Intelligence, Ingenuity, and Insight — Meet Nine Leaders from Avenue Living

How Avenue Living is Embracing Sustainable Finance

Canadian Real Estate & Farmland: A Hedge Against Inflation

White Paper: The National Housing Strategy, Affordability, and Existing Housing Stock

What’s Ahead for Avenue Living in 2021

Finding Opportunity in the Everyday

Economically Problematic: An Empirical Examination of Cmhc’s Affordability Program for Existing Rental Housing Stock

The Benefits of Alts and REITs

Avenue Living Asset Management Launches New Brand

Anthony Giuffre’s 2021 Industry Outlook with BNN Bloomberg

Our Top Three: The Most-Read Posts of 2020

Avenue Living Launches Green Initiative for Edmonton and Area Townhomes

Avenue Living Achieves New Milestone During COVID-19 Pandemic: $2 Billion in AUM

Creating Connections: CRRA Helps Property Owners Build Good Tenant Relationships

A Risk-Adjusted Investment Strategy – Key To Avenue Living’s Continued Growth

Avenue Living Hits 10,000 Multi-Family Doors with Milestone Acquisition

Avenue Living Communities Experiences Strong Q3 With Positive Outlook In Near Future

Jason Jogia: Avenue Calgary’s Top 40 Under 40

Residential Rental Portfolio Expands Despite Pandemic

Working Together Toward A Sustainable Future

Avenue Living Sees Opportunity For Residential Rental Growth In Edmonton Market

Focus On Customer Experience Behind Increase In Red Deer Occupancy

Saskatoon Crowns Avenue Living’s Robust Residential Rental Expansion

Capitalizing On Flight To Affordability

Avenue Living Thrives Despite Challenging Economic Conditions

Helping to House the Homeless in Prince Albert

Medicine Hat a Key Prairie Market for Avenue Living Growth

Avenue Living’s Rapid Response During COVID-19

New Safety Guidelines as Staff Return to the Office

Avenue Living Supports Community Food Banks

COO Strengthens Team in Face of Challenges

Calgary Teams Embrace New Processes As A Step Towards The Future

Avenue Living Communities Comes Together To Provide Support For Residents

Avenueliving.ca just got even smarter!

Show Suites for Rental Apartments? Yes.

Call Centre Doesn’t Skip A Beat Despite Coronavirus Crisis

APRIL SUCCESS: Our Operational Performance in the Midst of a Pandemic

Building On Experience With Recessions

CAPITAL RAISE MOMENTUM CONTINUES IN CORE TRUST