--- title: Avenue Living Closes $138 Million in Multi-Family Real Estate Acquisitions description: Avenue Living announces the acquisition of three multi-family rental residential properties in Calgary, Alberta worth $138 million. image: https://al.avenuelivingam.com/hubfs/Imported_Blog_Media/MicrosoftTeams-image-139.jpg --- [![AvenueLiving](https://al.avenuelivingam.com/hubfs/raw_assets/public/AvenueLiving_November2023/Images/headerlogoavenue.svg "AvenueLiving")](https://www.avenuelivingam.com/) [![AvenueLiving](https://al.avenuelivingam.com/hubfs/raw_assets/public/AvenueLiving_November2023/Images/avenue-colorlogo.svg "AvenueLiving")](https://www.avenuelivingam.com/) - [Funds](https://avenuelivingam.com/funds/core-trust/) - [Core Trust](https://www.avenuelivingam.com/funds/core-trust/) - [Opportunity Trust](https://www.avenuelivingam.com/funds/opportunity-trust/) - [Farmland](https://www.avenuelivingam.com/funds/farmland/) - [Mini Mall Storage Properties Trust](https://www.avenuelivingam.com/funds/mini-mall-trust/) - [Team](https://www.avenuelivingam.com/our-team/) - [Careers](https://www.avenuelivingam.com/careers/) - [Resources](https://www.avenuelivingam.com/insights/) - [Responsibility](https://www.avenuelivingam.com/responsibility/) - [Environment](https://www.avenuelivingam.com/environment/) - [Social](https://www.avenuelivingam.com/social-impact/) - [Governance](https://www.avenuelivingam.com/governance/) - [About](https://www.avenuelivingam.com/about/) - [Contact](https://www.avenuelivingam.com/contact/) Investor Portal [Exempt Edge Investor Portal](https://avenuelivingam.exemptedge.com/login) [Avenue Living Investor Portal](https://investor.avenuelivingam.com/) [How to Invest](https://www.avenuelivingam.com/how-to-invest/) × - Funds - [Core Trust](https://www.avenuelivingam.com/funds/core-trust/) - [Opportunity Trust](https://www.avenuelivingam.com/funds/opportunity-trust/) - [Farmland](https://www.avenuelivingam.com/funds/farmland/) - [Mini Mall Storage Properties Trust](https://www.avenuelivingam.com/funds/mini-mall-trust/) - Team - [Team](https://www.avenuelivingam.com/our-team/) - [Careers](https://www.avenuelivingam.com/careers/) - [Resources](https://www.avenuelivingam.com/insights/) - Responsibility - [Responsibility](https://www.avenuelivingam.com/responsibility/) - [Environment](https://www.avenuelivingam.com/environment/) - [Social Impact](https://www.avenuelivingam.com/social-impact/) - [Governance](https://www.avenuelivingam.com/governance/) - [About](https://www.avenuelivingam.com/about/) - [Contact](https://www.avenuelivingam.com/contact/) - [Investor Portal](https://avenuelivingam.exemptedge.com/login) - [How to Invest](https://www.avenuelivingam.com/how-to-invest/) 03/10/2022 # Avenue Living Closes $138 Million in Multi-Family Real Estate Acquisitions ![Avenue Living Closes $138 Million in Multi-Family Real Estate Acquisitions](https://al.avenuelivingam.com/hubfs/Imported_Blog_Media/MicrosoftTeams-image-139.jpg "Avenue Living Closes $138 Million in Multi-Family Real Estate Acquisitions") Following another [recent company announcement](https://c212.net/c/link/?t=0&l=en&o=3463609-1&h=1333542639&u=https%3A%2F%2Fwww.newswire.ca%2Fnews-releases%2Fcapital-being-put-to-work-immediately-avenue-living-asset-management-announces-successful-equity-raise-and-milestone-3-55-billion-in-assets-under-management-808416986.html&a=recent+company+announcement), [Avenue Living Group](https://c212.net/c/link/?t=0&l=en&o=3463609-1&h=2345815347&u=https%3A%2F%2Fwww.avenuelivingam.com%2F&a=Avenue+Living+Group) (‘Avenue Living’) is pleased to announce the acquisition of three multi-family rental residential properties in Calgary, Alberta. The acquisition, which includes 764 doors worth $138 million, brings the owner-operator’s share of Calgary’s multi-family rental unit market to greater than 4.5 per cent. The portfolio was a desirable purchase for Avenue Living due to its affordable rental rates and strategic locations in nodes around the city. The properties are positioned near green space, schools, and numerous amenities. These acquisitions present significant value-add opportunities for Avenue Living, as the organization intends to undertake strategic capital improvement projects to enhance the properties. “We have always seen promise in the Prairies,” says Anthony Giuffre, Founder and CEO of Avenue Living. “Over 40 per cent of our 750 employees are based in Calgary. This head office is also home to our vertically integrated platform, which supports our broader regions by drawing on efficiencies created by centralizing the disciplines of finance, legal, human resources, technology, marketing, and property management.” Avenue Living now represents over 14,300 multi-family doors under management in 22 markets, across the North American Heartland. This Heartland region has been an important area of focus for the company and spans across the Canadian Prairies into key regions of the central United States. This acquisition, supported by a recent influx of investment capital, builds on other notable transactions in 2021, with 482 units acquired in Moose Jaw, Saskatchewan and Edmonton, Alberta. Since 2006, Avenue Living has kept its focus on assets the company is highly experienced in – low-to-medium density multi-family housing. The company actively manages its assets and consistently invests in capital improvements, sustainable practices, and technologies to create an exceptional experience for its customers, while continuing to deliver value to investors. Its flagship investment offering, the [Avenue Living Real Estate Core Trust](https://c212.net/c/link/?t=0&l=en&o=3463609-1&h=204311888&u=https%3A%2F%2Fwww.avenuelivingam.com%2Ffund%2Fcore-trust%2F&a=Avenue+Living+Real+Estate+Core+Trust), is the first true North American workforce housing provider delivering institutional-level servicing to this demographic. “Delivering a best-in-class customer experience is vital to our success,” says Jason Jogia, Chief Investment Officer at Avenue Living. “With housing affordability being a dire need in today’s economy, we endeavour to elevate that experience and the overall value to our customers in each market. The workforce housing demographic, made up of essential workers, has proven to be stable and resilient. As such we will continue to grow our footprint across the North American Heartland.” **ABOUT AVENUE LIVING**  Founded on the principle of investing in the everyday*, *Avenue Living focuses on opportunities that are often overlooked by others, having grown to over $3.5 billion in aggregate assets under management across four private real estate investment mandates. The Avenue Living team includes over 750 professionals with expertise in real estate operations and transactions, property management, research, investment origination, and capital markets, as well as a suite of subject matter experts to support Avenue Living’s growing portfolio of multi-family residential, commercial, agricultural land, and self-storage assets. In addition to over 14,300 multi-family units located in Canada and the United States, Avenue Living and its related entities own over 496,500 square feet of commercial space, 48,000 acres of productive farmland, and more than 2,700,000 square feet of self-storage space. *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 may contain forward-looking statements. Readers should refer to the information contained on our website at [www.avenuelivingam.com](https://c212.net/c/link/?t=0&l=en&o=3463609-1&h=195477808&u=https%3A%2F%2Fcan01.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.avenuelivingam.com%252F%26data%3D02%257C01%257Cmsoles%2540avenueliving.ca%257C11c236e8c7494c3477a208d85123d380%257C24a4550eb98b41aabe937d6f1242db3b%257C0%257C0%257C637348561594544444%26sdata%3Dgz44uWsRZC68du1HmC0lKtHs0MmLUdYYnXFW9gN%252Bfc0%253D%26reserved%3D0&a=www.avenuelivingam.com) for additional information regarding forward-looking statements and certain risks associated with them.* --- #### Share: - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://al.avenuelivingam.com/the-blog/avenue-living-closes-138-million-in-multi-family-real-estate-acquisitions-significantly-growing-its-calgary-presence) - [Follow us on Twitter](https://twitter.com/intent/tweet?url=https://al.avenuelivingam.com/the-blog/avenue-living-closes-138-million-in-multi-family-real-estate-acquisitions-significantly-growing-its-calgary-presence&text=Avenue%20Living%20Closes%20$138%20Million%20in%20Multi-Family%20Real%20Estate%20Acquisitions) - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://al.avenuelivingam.com/the-blog/avenue-living-closes-138-million-in-multi-family-real-estate-acquisitions-significantly-growing-its-calgary-presence) --- ##### [Previous Post](https://al.avenuelivingam.com/the-blog/diverse-voices-drive-growth-innovation-and-success) ##### [Next Post](https://al.avenuelivingam.com/the-blog/white-paper-re-examining-a-hedge-against-inflation-multi-family-residential-real-estate) ## Terms & Conditions By clicking "I Agree" and accessing this content, you acknowledge and agree to the following terms and conditions of use. The following constitutes a legal agreement governing your access to and use of the following webpages and is entered into between you and Avenue Living Asset Management Ltd. and (collectively, the “Company”): 1. **Restricted Access** The information contained on the following webpages is intended **solely for use by individuals who are registered investment professionals in Canada**, including those registered with a provincial securities commission, the Canadian Securities Administrators (CSA), or a recognized self-regulatory organization (e.g., CIRO). If you are **not a registered investment professional in Canada**, you are not authorized to access or use this information. 1. **Regulatory Compliance** By accessing this information, you represent, warrant and covenant that: - You are a **registered investment professional in Canada** and remain in good standing under applicable laws; - You are accessing the information **solely in your professional capacity**, and not as a retail investor or for general promotional or solicitation purposes; and - You will **not use the information** in any manner that would breach Canadian securities laws or regulations or applicable laws of any other jurisdiction. 1. **Company Status and Distribution Model** Avenue Living Asset Management Ltd. is a non-registered asset management firm and does not itself engage in the distribution of securities. Securities of Avenue Living Real Estate Core Trust, Mini Mall Storage Properties Trust, Tract Farmland Partners LP and any other issuer described in these materials are distributed exclusively through third-party investment dealers and exempt market dealers that are registered under applicable Canadian securities laws. Such distribution is conducted pursuant to available prospectus exemptions under National Instrument 45-106 – *Prospectus Exemptions* or other applicable local exemptions in the relevant offering jurisdictions. The Company does not provide investment advice or portfolio management services and is not registered as a dealer or adviser in any Canadian jurisdiction. 1. **Nature of Information** By proceeding, you acknowledge that the materials available behind this click-through agreement may include, but are not limited to: - **Offering Memorandums (OMs)** and other subscription-related documents; - **Marketing presentations and fund fact sheets** relating to potential investment opportunities; - **Due diligence materials** and supporting documentation; - **Confidential information** regarding investment strategies, fund structures, and/or management teams. Such information is **non-public, proprietary, and confidential**, and is intended only to be accessed and reviewed through the Company’s website by qualified, registered investment professionals. 1. **Not an Offer or Solicitation** The materials accessed are provided on this website **solely for informational purposes** and **do not constitute an offer to sell, or a solicitation to buy, any securities or investment products in any jurisdiction**, nor do they constitute investment advice. Any such offer or solicitation, if made, would be pursuant to applicable securities laws and accompanied by appropriate offering documents. **No offer or sale is being made to any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended), nor to any person in the United States or subject to U.S. jurisdiction.** The securities described hereinafter have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption. The information contained on this website is not intended to constitute financial, investment, legal, accounting or tax advice or counsel and must not be relied upon in that regard. 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Unauthorized distribution, reproduction, or reliance by any third party is strictly prohibited. 1. **Intellectual Property Rights** All content provided is the intellectual property of the Company or its licensors and is protected under applicable copyright, trademark, and trade secret laws. You are granted a limited, non-transferable, non-sublicensable license to access and use the materials solely for professional due diligence purposes. You may not modify, reverse engineer, decompile, or create derivative works from any materials, nor remove any copyright or proprietary notices. 1. **Accuracy and Limitation of Liability** The information provided is believed to be accurate and reliable as of the date presented but is **subject to change without notice**. The Company makes no representation or warranty, express or implied, as to the accuracy, completeness, or currency of the content and **disclaims all liability**, to the extent possible under applicable securities laws, arising from any reliance on such information. 1. **Language** The parties hereto expressly request and require that this agreement be drawn up in English. *Les parties aux présentes conviennent et exigent que cette entente soit rédigé en anglais*. 1. **Acceptance of Terms** By clicking "I Agree," you confirm and agree that: - You are a **registered investment professional in Canada**; - You understand and accept the **terms and conditions** of this Agreement; - You will **treat all materials as confidential** and **will not disseminate** or use the information in connection with the **solicitation of investments** by clients or the public; and - You have read and agree to be bound by the [Terms and Conditions - Avenue Living Asset Management](https://dev.avenuelivingam.com/terms-and-conditions/) governing the use of this website and the [Privacy Policy - Avenue Living Asset Management](https://dev.avenuelivingam.com/privacy-policy/). If you do not agree to these terms, **do not access or use** the information. I agree to the Terms and Conditions Accept --- ## Related Posts It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. --- [Admin](https://al.avenuelivingam.com/the-blog/author/admin) 22 June, 2026 #### [Mini Mall Storage Properties Trust Fiscal Q2 2026 Update](https://al.avenuelivingam.com/the-blog/mini-mall-storage-properties-trust-q2-2026-investor-update-call) In this update, Adam Villard (Chief Executive Officer), Aaron Facca (Chief Operating Officer), and… [Read More](https://al.avenuelivingam.com/the-blog/mini-mall-storage-properties-trust-q2-2026-investor-update-call) [Admin](https://al.avenuelivingam.com/the-blog/author/admin) 16 June, 2026 #### [Avenue Living Real Estate Core Trust Fiscal Q1 2026 Quarterly Update](https://al.avenuelivingam.com/the-blog/q1-2026-fund-update) Hear directly from Jason Jogia, Co-Founder and Chief Investment Officer, Leigh Peters, President,… [Read More](https://al.avenuelivingam.com/the-blog/q1-2026-fund-update) [Admin](https://al.avenuelivingam.com/the-blog/author/admin) 06 March, 2026 #### [Avenue Living Real Estate Core Trust and Mini Mall Storage Properties Trust Boards Initiate Strategic Review to Evaluate Optimal Path for Value Creation](https://al.avenuelivingam.com/the-blog/avenue-living-real-estate-core-trust-and-mini-mall-storage-properties-trust-boards-initiate-strategic-review-to-evaluate-optimal-path-for-value-creation) Avenue Living Management Recommends Both Trusts Pursue Go-Public Transactions [Read More](https://al.avenuelivingam.com/the-blog/avenue-living-real-estate-core-trust-and-mini-mall-storage-properties-trust-boards-initiate-strategic-review-to-evaluate-optimal-path-for-value-creation) ![AL-20Years-HorizontalLogo-White](https://al.avenuelivingam.com/hubfs/AL-20Years-HorizontalLogo-White.svg "AL-20Years-HorizontalLogo-White") [![WPC-Top-Employers-webp](https://al.avenuelivingam.com/hs-fs/hubfs/WPC-Top-Employers-webp.webp?width=350&height=196&name=WPC-Top-Employers-webp.webp "WPC-Top-Employers-webp")](https://www.wealthprofessional.ca/best-in-wealth/best-wealth-management-firms-to-work-for-in-canada-top-employers/386971) ## Follow Avenue Living - [Funds](https://avenuelivingam.com/#AlternativeFunds) - [Core Trust](https://www.avenuelivingam.com/core-trust/) - [Opportunity Trust](https://www.avenuelivingam.com/opportunity-trust/) - [Farmland](https://www.avenuelivingam.com/farmland/) - [Mini Mall Storage Properties Trust](https://www.avenuelivingam.com/mini-mall-trust/) - [Explore](https://avenuelivingam.com/) - [Team](https://www.avenuelivingam.com/our-team/) - [Careers](https://www.avenuelivingam.com/carrers/) - [Resources](https://www.avenuelivingam.com/insights/) - [Responsibility](https://www.avenuelivingam.com/responsibility/) - [About](https://www.avenuelivingam.com/about/) - [Investor Relations](https://avenuelivingam.com/how-to-invest/) - [investor-relations@avenueliving.ca](mailto:investor-relations@avenueliving.ca) - [587.330.2509](tel:5873302509) - [How to Invest](http://how-to-invest/) - [Investor Portal](https://avenuelivingam.exemptedge.com/login) - [Legal](https://www.avenuelivingam.com/prospective-investors/) - [Disclaimer](https://avenuelivingam.com/disclaimer/) - [Corporate Structure](https://www.avenuelivingam.com/corporate-structure/) - [Forward Looking Statements](https://www.avenuelivingam.com/forward-statements/) - [Terms and Conditions](https://www.avenuelivingam.com/terms-and-conditions/) - [Privacy Policy](https://www.avenuelivingam.com/privacy-policy/) - [Cookie Policy](https://www.avenuelivingam.com/cookie-policy/) © 2023 Avenue Living. 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