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.

$261 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%
2022 12.16%

*Fund returns are based on Class A as at January 1, 2023

Key Facts

Fund Type: Closed-End Mutual Fund Trust
Fund Inception: November 2016
AUM (as at December 31, 2022): $261.5 Million
Asset Manager: Avenue Living Asset Management Ltd.
Fund Manager: Invico Capital Corporation
Distributions: Quarterly
Minimum Investment: Closed
Registered Eligible: Yes

Fact Sheets

Opportunity Trust Class A Update

Learn more about our other funds here

View Location By Fund

Core

Opportunity

Agricultural Land

Mini Mall Storage Properties

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 Opportunity Trust
	Cambridge, ON Units 1,269 Storage Sq Feet 133,933
	Camrose, AB Properties 25 Doors 325 Opportunity Trust
	Camrose, AB Units 868 Storage Sq Feet 104,915 Opportunity 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 Opportunity 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 Opportunity Trust
	Colorado Springs, CO Properties 1 Doors 129 Opportunity 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 Opportunity 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 Opportunity Trust Opportunity 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 Opportunity 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 Opportunity Trust
	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 Opportunity 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 Opportunity 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 Opportunity Trust Opportunity Trust Comm Sq Feet 67,310
	Prince Albert, SK Properties 12 Doors 265 Opportunity Trust
	Prince Albert, SK Properties 1 Doors 30 Opportunity Trust
	Prince Albert, SK Units 610 Storage Sq Feet 56,193 Opportunity 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 Opportunity Trust
	Red Deer, AB Properties 6 Doors 235 Opportunity 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 Opportunity 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 Opportunity Trust
	Saskatoon, SK Units 608 Storage Sq Feet 83,909 Opportunity 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 Opportunity 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 Opportunity Trust Opportunity Trust Comm Sq Feet 8,475
	Strathmore, AB Units 90 Storage Sq Feet 34,968
	Strathmore, AB Opportunity Trust Opportunity Trust Comm Sq Feet 40,041
	Swift Current, SK Properties 10 Doors 221 Opportunity 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 Opportunity Trust Opportunity Trust Comm Sq Feet 31,762

Our Insights

January 5, 2023

Avenue Living’s 2022 Year in Review
In 2022, Avenue Living grew in more ways than one. In addition to expanding our footprint and operations…
May 31, 2022

Why We See Opportunity in the Workforce Housing Market
With climbing inflation and rising interest rates dominating headlines, the housing market has become top-of-mind for Canadians from…
May 4, 2022

Private Rental Target Markets: A Comprehensive Spectrum
Throughout our 16 years in the residential rental space, we’ve gained a deep understanding of our customer base…

Opportunity in Alternatives

$261 MILLION+

1 THOUSAND+

460 THOUSAND+

Finding Opportunity Others Overlook

2018 19.68%

2019 20.47%

2020 13.16%

2021 7.70%

2022 12.16%

Key Facts

Fact Sheets

Learn more about our other funds here

Our Insights

Avenue Living’s 2022 Year in Review

Why We See Opportunity in the Workforce Housing Market

Private Rental Target Markets: A Comprehensive Spectrum

Opportunity in Alternatives

$261 MILLION+

1 THOUSAND+

460 THOUSAND+

Finding Opportunity Others Overlook

2018 19.68%

2019 20.47%

2020 13.16%

2021 7.70%

2022 12.16%

Key Facts

Fact Sheets

Learn more about our other funds here

Our Insights

Avenue Living’s 2022 Year in Review

Why We See Opportunity in the Workforce Housing Market

Private Rental Target Markets: A Comprehensive Spectrum

Stay on Top of What’s New

Stay on Top of
What’s New