Since 2006, Avenue Living has provided safe, comfortable, and affordable homes for working families across the North American Heartland. Our strategy — transforming older buildings through capital improvements and superior customer service — has allowed us to grow to $3.9 billion in assets under management and perform through rising inflation and interest rates.
Real estate is seen as an effective hedge against inflation, and multi-family real estate has historically performed well in inflationary environments. The current market has made homeownership increasingly unattainable and driven the demand for multi-family rentals. In addition, monthly and annual lease terms allow residential property owners to respond quickly to market fluctuations — allowing us to create value for investors even as we maintain affordable rents.
As housing affordability remains top-of-mind for many Canadians, we continue our defensive strategy of investing in assets that serve a key demographic – the workforce housing segment – these are renters who:
Our strategy is supported by a customer-centric approach that continually identifies better ways to serve our target demographic through acquisition and capital improvements, service excellence, and industry-leading active management.
Since our inception, our focus on B and C class assets and the workforce housing demographic has led us to grow through all economic climates. Today, as we approach 15,000 residential units under our ownership, that focus remains. Our funds continue to invest in what we call “the everyday”, assets that impact our daily lives:
We believe our proven track record and commitment to active management set us apart from industry peers, providing us with the potential to create value for all our stakeholders.