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Opportunity in Alternatives

Some say opportunity knocks, but we believe opportunity is where you find it. The Opportunity Trust is an open-ended mutual fund that benefits from our team’s ability to think strategically and see how, with improvements and innovation, a group of assets can be stabilized and provide upside through improved metrics and optimization of the asset.

  • $253 MILLION+

    Assets Under Management

  • 1 THOUSAND+

    Multi-Family Doors

  • 460 THOUSAND+

    Commercial Square Feet

Finding Opportunity Others Overlook

The Avenue Living Real Estate Opportunity Trust is an open-ended mutual fund trust that targets under-performing multi-family assets, balanced with stable, well-tenanted commercial assets. The Trust currently owns retail, office, and industrial space across Alberta and Saskatchewan.

The Opportunity Trust targets under-performing residential assets whose value can be increased through capital improvement, active management, and stabilization programs. Suite upgrades, renewed building systems, and implementing leasing programs to stabilize occupancy and improve net operating income (NOI). These properties benefit from the infrastructure already in place in Avenue Living Communities, which allows efficient and active management. The Trust balances this investment through stable commercial assets with a strong and diversified tenant base.

The Trust invests in “workforce housing,” multi-family assets that cater to a community’s essential workforce. This demographic is often over-qualified for affordable housing yet is unable to afford market-rate homes. On average, essential workers make up 40% of a province’s workforce population – they can be seen as the backbone of the Canadian economy. Essential workers are respectful of their dwelling, gainfully employed, and highly likely to pay rent.

Management consistently monitors real estate and capital markets with the goal to achieve the maximum disposition proceeds from each investment.  What does this strategy mean for investors? The potential for higher capital returns than normally exhibited in core and core+ real estate strategies.

  • 2018 19.68%

  • 2019 20.47%

  • 2020 13.16%

  • 2021 7.70%

  • YTD 9.09%

*Fund returns are based on Class A as at August 31, 2022

Key Facts

Fund Type

Closed-End Mutual Fund Trust

Fund Inception

November 2016

AUM (as at July 31, 2022)

$253.1 Million

Asset Manager

Avenue Living Asset Management Ltd.

Fund Manager

Invico Capital Corporation

Distributions

Quarterly

Minimum Investment

Closed

Registered Eligible

Yes

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
Batesville, AR
Units 304
Storage Sq Feet 37,450
Bloomington, IN
Units 305
Storage Sq Feet 33,125
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 264
Storage Sq Feet 89,035
Brandon, MB
Units 307
Storage Sq Feet 25,240
Brooks, AB
Properties 14
Doors 316
Comm Sq Feet 6,515
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
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
Cincinnati, OH
Properties 1
Doors 116
Cincinnati, OH
Units 449
Storage Sq Feet 46235
Clarksville, AR
Units 57,350
Storage Sq Feet 57,350
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
Cornwall, ON
Units 709
Storage Sq Feet 54,318
Courtland, AL
Units 71
Storage Sq Feet 7,900
Cranbrook, BC
Units 102
Storage Sq Feet 11,500
Crawfordsville, IN
Units 95
Storage Sq Feet 14,550
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 13,100
Florence, MS
Units 216
Storage Sq Feet 35,501
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
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
Moss Point, MS
Units 112
Storage Sq Feet 16,750
Moulton, AL
Moulton, AL
Units 577
Storage Sq Feet 78,110
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
North Vancouver, BC
Units 1,096
Storage Sq Feet 85,555
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 67,515
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 3
Doors 54
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
Sechelt, BC
Sechelt, BC
Units 410
Storage Sq Feet 40,596
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
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
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
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
Batesville, AR
Units 304
Storage Sq Feet 37,450
Bloomington, IN
Units 305
Storage Sq Feet 33,125
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 264
Storage Sq Feet 89,035
Brandon, MB
Units 307
Storage Sq Feet 25,240
Brooks, AB
Properties 14
Doors 316
Comm Sq Feet 6,515
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
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
Cincinnati, OH
Properties 1
Doors 116
Cincinnati, OH
Units 449
Storage Sq Feet 46235
Clarksville, AR
Units 57,350
Storage Sq Feet 57,350
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
Cornwall, ON
Units 709
Storage Sq Feet 54,318
Courtland, AL
Units 71
Storage Sq Feet 7,900
Cranbrook, BC
Units 102
Storage Sq Feet 11,500
Crawfordsville, IN
Units 95
Storage Sq Feet 14,550
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 13,100
Florence, MS
Units 216
Storage Sq Feet 35,501
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
Opportunity Trust
Opportunity 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
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
Moss Point, MS
Units 112
Storage Sq Feet 16,750
Moulton, AL
Moulton, AL
Units 577
Storage Sq Feet 78,110
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
North Vancouver, BC
Units 1,096
Storage Sq Feet 85,555
Ottawa, ON
Units 1,923
Storage Sq Feet 161,291
Owen Sound, ON
Units 183
Storage Sq Feet 101,258
Ponoka, AB
Opportunity Trust
Opportunity Trust
Comm Sq Feet 67,515
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 3
Doors 54
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
Sechelt, BC
Sechelt, BC
Units 410
Storage Sq Feet 40,596
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
St. Albert, AB
Units 1,614
Storage Sq Feet 196,212
Stettler, AB
Opportunity Trust
Opportunity Trust
Comm Sq Feet 8,475
Strathmore, AB
Units 90
Storage Sq Feet 34,968
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
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