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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.

  • $170 MILLION+

    Assets Under Management

  • 8 HUNDRED+

    Multi-Family Doors

  • 420 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 25.17%

  • 2019 19.99%

  • 2020 12.94%

  • YTD 4.53%

*Fund returns are based on Class A as at June 30, 2021

Key Facts

Fund Type

Closed-End Mutual Fund Trust

Fund Inception

November 2016

AUM (as at July 31, 2021)

$180.9 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

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 657
Storage Sq Feet 53,928
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
Owen Sound, ON
Units 182
Storage Sq Feet 110,149
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 394
Storage Sq Feet 46,604
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 657
Storage Sq Feet 53,928
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
Opportunity Trust
Opportunity 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
Owen Sound, ON
Units 182
Storage Sq Feet 110,149
Pleasant Valley, SK
Acres 1,762
Pleasantdale, SK
Acres 1,226
Ponoka, AB
Opportunity Trust
Opportunity 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
Opportunity Trust
Opportunity 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 394
Storage Sq Feet 46,604
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

March 8, 2021

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

The financial industry is often dominated by men. It’s something we’re keenly aware of as we strive to keep our executive — and our organization as a whole — inclusive and diverse. We have been…

View Insight

February 3, 2021

What’s Ahead for Avenue Living in 2021

“We want to continue to grow,” Jogia says of the next year. “We see there are opportunities to strategically amass assets. We see the fundamental drivers of valuation are favouring our asset class, and we have seen stability in our cash flow. We want to keep doing what we’re doing: focus on the everyday.”

View Insight

Our Trusts
  • Core Trust

    The Avenue Living Real Estate Core Trust is a mutual fund trust, targeting stabilized assets with strong occupancy and stable current income. The portfolio comprises 350+ multi-family and mixed-use buildings, totaling 8,600+ units and over 55,500 square feet of commercial space. Our assets are well diversified across various core and non-core markets in western Canada.

  • 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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