Our investment strategy in the United States targets multi-family properties in high growth secondary markets, large and small. We use a disciplined, data-driven investment strategy to identify great investment opportunities while partnering with top-tier management companies.
Assets Under Management
Multi-Family Doors
Assets Under Contract
Avenue Living targets class B and C multi-family properties in US markets that are often overlooked by our peers. We find value in investing in class B and C real estate where our team has curated a strategy to re-invest and upgrade each property.
The Avenue Living U.S. Real Estate Trust gives Canadians a unique, tax-efficient opportunity to invest in class B and C multi-family properties in the United States. There can be many barriers to investing in U.S. real estate, including finding an appropriate management team and vehicle for investment. The U.S. Real Estate Trust is a unique offering, built using a diligent data-driven, top-down analytical approach executed by a strong team of real-estate investment management professionals.
Our strategy for the U.S. market identifies new markets and compelling investment opportunities that provide a high standard of affordable living in balanced economies.
We invest in class B and C buildings that we can acquire for below replacement cost, with a plan to improve the overall quality of the properties with strategic follow-on investment. Our renovation and capital team design and plan to improve property finishes, increase rental rates, stabilize occupancy, and generate increased cash flow. Our strategic investment model also allows us to operate in a space unique to our competitors — in addition to larger properties, we invest in smaller high-yield buildings to consolidate multi-family property assets and build a strong portfolio.
Our analysis of potential markets takes into account a range of criteria, including population forecasts and rent growth, the economic proportion of “essential workers,” as well as economic diversification. We focus on vibrant secondary markets with stable employment and the potential for growth. As the effects of the COVID-19 pandemic unfold, we continue to target promising markets across the Unites States.
Our team includes experts in U.S. real estate investment and strategic thinkers who understand and practice the Avenue Living philosophy. We also believe in having a community presence where we invest; we partner with best-in-class local companies to ensure we’re efficient and effective in every market. These partners include property managers, who help optimize occupancy and rent while ensuring residents have a safe, comfortable place to call home. Third-party property managers also provide services including marketing, leasing, maintenance, construction projects and renovation management.
Issuer
Avenue Living U.S. Real Estate Trust
Closings
1st Thursday of each month
Target Raise
USD$150,000,000
Fund Type
Open-End Mutual Fund Trust
Cash Distributions
6.0% (target)
Distribution Type
Return of Capital (not subject to U.S. withholding tax)
Minimum Commitment
USD $100,000
Liquidity
Monthly (After 2 Year lock up period)
Total Target Net Returns (annualized)
12-15%
December 29, 2020
2020 will go down as one of the most memorable in modern history. So much has happened since January it perhaps feels like more than 12 months. At Avenue Living it’s been a year of milestones.
December 11, 2020
The leap to $2 billion in assets under management has to do with a clear focus, a relentless pursuit of strategic opportunity, and a diverse team that brings experience and efficiency to every undertaking.
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.
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 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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