Investor Update: Call Summary – May 13, 2021
COVID-19 continues to test the strength and resilience of Avenue Living and our overall investment strategy, and we are thrilled to say that we are not only in command and control of our business, but that the Avenue Living platform is thriving. Our resident base, employees, lending and equity partners, as well as asset base have proven to be defensive and resilient — allowing us to grow and succeed despite the many challenges associated with the pandemic.
Looking forward in 2021, we are seeing an opportunity to increase the depth and breadth of our portfolio across the Prairies as many mom-and-pop property owners exit the market, making way for institutional–quality management. This “changing of the guard” is evident in the ever-growing pipeline of potential acquisitions across Avenue Living’s five mandates. As we continue to add assets to our portfolio, we will remain focused on improving our operations and the overall resident experience.
As always, we thank you for your continued support and advocacy; we remain optimistic and encouraged that our robust platform will continue to thrive in 2021.