In just six months, Avenue Living Asset Management has raised $110 Million. Initially, the equity raise for Avenue Living Real Estate Core Trust was targeted at $75 Million by year’s end. However, due to robust investor interest and traction, the Core Trust rapidly became over-subscribed.
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The Wetaskiwin community is excited about a new charitable program aimed at boosting fresh food for local seniors who are having trouble with their food budgets. A new program called “Seniors Food Security Initiative” is being spearheaded by staff and vendors of the Wetaskiwin Mall, operated by Avenue Living.
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Today Avenue Living Asset Management reached a major milestone of having $1 Billion in assets under management, after closing on a 235-unit townhouse acquisition in Red Deer, Alberta.
Continue readingAvenue Living Asset Management is pleased to formally announce a new institutional relationship with Westcourt Capital Corporation, a Toronto-based, independent portfolio manager and investment advisory firm. Westcourt specializes in selecting suitable investment products, and assisting clients in constructing conservative, alternative investment portfolios.
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Avenue Living has built a multi-family portfolio of secondary and tertiary markets across 14 areas in the Prairies, and has just launched a new broker-assisted equity raise with the aim of bringing in $75 million to $125 million.
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Strong tenant demand, coupled with declining vacancy rates in many Canadian markets, is predicted to lead to increases in rental rates.
