Avenue Living Buys Calgary’s The Pinnacle Apartments for $58M

Avenue Living’s acquisition of The Pinnacle apartments represents the largest single suburban apartment transaction in Calgary in 2023. This deal was one in a series of strategic acquisitions in Alberta to expand our multi-family portfolio, now totalling over 16,000 units.

We have long recognized the Alberta advantage and positive economic factors, including positive net migration, job creation, and an increasingly diverse economy.

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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://www.avenuelivingam.com/forward-looking-statements for additional information regarding forward-looking statements and certain risks associated with them.