Investing and Connecting with a Community: Wetaskiwin Mall’s New Mural

Wetaskiwin Mall

Inclusivity can take many forms — the people who make up an organization’s team, the causes they support, and the principles they operate under. But it can also take the form of representation in other ways like in the case of Wetaskiwin Mall, an exciting piece of original art, painted by a local, renowned Indigenous artist.  

As property owners and operators, we know our investments have an impact on the people who live and work in the communities in which we operate. We invest in spaces — multi-family homes and commercial space — that people develop deep connections with. The mural at Wetaskiwin Mall aims to showcase the culture of the community and evoke the theme of “Healing Medicine.” 

Collaborating with a Local Artist 

Painted by distinguished Indigenous artist Lance Cardinal, the 50-foot mural in the north wing of the mall symbolizes many ways of healing: ceremonial, medicinal, cultural, and healing through dance — a fitting subject given its location right outside an Alberta Health Services office and the Care Gateway Clinic. Cardinal painted the mural over ten days, with the help of an assistant.  

Cardinal, from Big Stone Cree First Nation, is an artist and entrepreneur on the rise. In 2022, he collaborated with the Edmonton Oilers to write and produce the team’s new land acknowledgement and design their Turtle Island logo, which helped raise funds for Edmonton charities, while being one of the most popular and beloved alternate designs in the team’s history. His shoe collection with Kunitz Shoes, an Edmonton-based company, is set to launch this year and is currently on display at the Royal Alberta Museum.  

Wetaskiwin, Alberta, which is 70 km south of Edmonton, is a community of around 13,000. The city is located on Treaty Six territory, bordered by two of the four Maskwacis First Nations — the Ermineskin and Samson Cree Nations — and serving two others — the Louis Bull Tribe and Montana First Nation. Wetaskiwin has rich Indigenous history; its name (which means “the hills where peace was made”) is a direct reference to the outcome of a battle between the Cree and Blackfoot. 

Bringing People Together 

Our strategy with Wetaskiwin Mall has always been to create a “community hub,” a place that provides customers with the essential services they need all in one place. In addition to national retailers and locally-owned stores and services, the mall is also home to Alberta Health Services, a pharmacy, medical clinic, optometrist, and more. Avenue Living has invested in Wetaskiwin for over a decade, with a presence that includes 401 multi-family units and 158,000 square feet of commercial space. In keeping with a key tenet of our strategy as an active manager, we have developed a deep understanding of the market and its residents.  Since acquiring the shopping center in 2017, Avenue Living has carefully curated a roster of retailers and services that reflect the needs and wants of area residents.  

“You don’t usually see local art in a retail environment like this,” says Slava Fedossenko, Director, Commercial Asset Management for Avenue Living, “but we wanted to create something that reflects the culture of the community.” 

Avenue Living is immensely proud of our partnership with Lance Cardinal and the finished mural. While it is one of the first projects of its kind for us, we have plans to ensure it is not the last, and we look forward to working with local artists in other communities to showcase the places our residents and customers call home.  

Read more about Lance Cardinal and this exciting project in The Wetaskiwin Times. 

This commentary and the information contained herein are for educational and informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. This article may contain forward-looking statements. Readers should refer to information contained on our website at https://avenuelivingam.wpenginepowered.com/forward-looking-statements for additional information regarding forward-looking statements and certain risks associated with them. 

From Trust to Partnership: How Avenue Living Does Farmland Investment

A focus on partnership underpins our successful Canadian farmland investment strategy and has been key to fostering relationships with about 90 tenant-operators across Saskatchewan.

Avenue Living Agricultural Land Trust is now winding down with a fixed sunset date. In response to investor demand, the firm is looking to replicate that success through its new Tract Farmland Partners Limited Partnership.

“Our partnerships with farmers demonstrate our commitment to their success while establishing ourselves as a reliable buyer in the farming community,” says Leif Snethun, CEO of Tract Farmland Partners LP. “They’re business-minded and sophisticated, and I’m honored to be associated with them as they shape the future of Canadian agriculture.”

Learn more about our newest fund, Tract Farmland Partners:

2022 A Historic Year for Our Defensible Strategy

AVenue living report

In 2022, Avenue Living grew to $4.6B in assets under management across our four asset classes, and now operates in one third of the provinces and states throughout North America. With a cycle-tested business model and a steadfast commitment to the everyday, Avenue Living continued to make great strides. Our expanded footprint includes new offices in Toronto and Dallas.

Throughout the year, we focused on improving our customer satisfaction through active management, invested in technology to create operational efficiencies, and elevated our ESG efforts. In 2022, accelerating inflation and rising interest rates created a challenging investment environment, with negative returns flashing across the asset spectrum. Still, that didn’t stop Avenue Living’s 16-year growth streak.

It speaks to the durability of Avenue Living’s business model across multiple market cycles,” says Gabriel Millard, SVP, Capital Markets – Equity & Research. “2008 (GFC) and 2014 (Commodity Crisis) were lost years for many other players, but they were periods of growth for Avenue Living as we leaned into the opportunities. 2022 was another very formative year for us.

An International Examination of Market Orientation and Performance in Residential Property Management

Residential Property Management

Our team is relentlessly committed to understanding our customers. Through this ongoing process, we have developed the knowledge required to tailor our assets and business model to best fit their needs. This approach is proven to enhance resident loyalty, build trust, increase pride in rental homes, and boost commitment to paying rent on time. 

Research shows a market-oriented approach is imperative for residential property management seeking better residents and results. Read more in the peer-reviewed article from Gabriel Millard, Cameron Hills and Grant A. Wilson, published in Property Management journal.

This commentary and the information contained herein are for educational and informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. This article may contain forward-looking statements. Readers should refer to information contained on our website at https://avenuelivingam.com/forward-looking-statements for additional information regarding forward-looking statements and certain risks associated with them.

International Women’s Day 2023

International Women's Day

International Women’s Day provides an opportunity to reflect on the progress made toward gender equality — and the work that still needs to be done. 
We believe every employee should have the opportunity to reach their full potential and are committed to creating a culture of respect, inclusivity, and diversity. By providing equal opportunities for all employees, we’ve created a business that’s stronger and better positioned to serve our customers and communities. 
Hear firsthand from our team about how they’ve navigated leadership roles and fostered inclusivity.