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.
Assets Under Management
Multi-Family Doors
Commercial Square Feet
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.
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.
Product Type
Open-end Mutual Fund trust
FundSERV Code
ICC400F
Prospectus Exemptions
Offering Memorandum and Accredited
Fund AUM
$1.6 Billion
Investment Minimum
$5,000
Registered Plan Status
Eligible (RRSP, RRIF, LIRA, TFSA)
Purchases
Monthly – 4th Thursday of Each Month
Redemptions
Monthly*
MER Inception To Date
2.07%*
Auditors
Ernst & Young
External Legal Counsel
Fasken Martineau DuMoulin LLP
Investment Manager
Avenue Living Asset Management Ltd.
*Refer to Offering Memorandum for full details
January 19, 2021
The Canadian Mortgage and Housing Corporation (CMHC) is a Canadian Crown Corporation. According to the CMHC (2020a), it “exists for one reason: to make housing affordable for Canadians.
January 15, 2021
Alternative investments are a popular option for those who want to invest over the long-term. They include a wide range of investment vehicles outside of the traditional market of stock and bonds.
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.
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.
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.
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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