Avenue Living has more than $4.25 billion in assets under management, according to The Canadian Business Journal

garretschoenbergOctober 19, 2022

CALGARY, Alberta, October 19, 2022 (GLOBE NEWSWIRE) — All financial figures are in Canadian dollars

Avenue Living today announced that it has over $4.25 billion in assets under management (AUM).

Avenue Living reported this important milestone following a series of significant acquisitions of multifamily, self-storage and agricultural funds. This represents a four-fold increase in AUM since 2018. Headquartered in Calgary, Alberta and Dallas, Texas, the organization has grown to more than 900 employees in his seven states and his thirteen, with more on both sides of the border. We have plans to expand.

Anthony Giuffre, Founder and CEO of Avenue Living, said: “We have effectively institutionalized low-density real estate management by building a scalable and defensible model that continues to work through various market cycles, and by developing a sustainable and repeatable infrastructure. .”

Since its first acquisition of a 24-unit property in Brooks, Alberta in 2006, its journey to becoming one of Canada’s largest property owners in both multifamily rental housing and self-storage has been at the heart of North America. land. The organization has well researched and understands a unique demographic profile called “workforce housing.”

Jason Jogia, chief investment officer at Avenue Living, said: In the largely unconsolidated market we enter, legacy owners are looking for succession planning for their properties and businesses. ” Jogia affirms. These improvements not only enrich the customer experience, but improve the property’s operational performance. Our growth is measured, conservative, and cautious across the regions we serve. And our selected assets have proven to be defensible even during times of high volatility. ”

Avenue Living is Canada’s second largest building operator for rooflines and owns 10% of its multifamily portfolio in the United States. The organization’s self-storage fund, Mini Mall Storage Properties, has grown exponentially in just over two years, with over 4.6 million square feet of storage space and 56% of his facilities in the United States. In addition, the Avenue Living Agricultural Land Trust owns 82,900 acres and leases them as active farmland, growing steadily across Canada’s prairies.

The organization’s focus away from the “shiny object” has historically insulated portfolios from the highs and lows seen in high-growth markets. “Our growth is intentional. It creates economies of scale and scope that continually enhance our operational excellence,” said Gabriel Millard, senior vice president of Capital Markets. says. “We are focused on markets that have historically shown low to moderate growth, where we are using our expertise to manufacture Alpha. We are well positioned to continue to capture this upturn in economic trends as we see a resurgence.”

About Avenue Living 

Founded on the principle of investing every day, Avenue Living focuses on opportunities others often overlook, with four private real estate investment mandates totaling C$4.25 billion under management. has reached The Avenue Living team includes more than 900 professionals with expertise in real estate operations and transactions, asset management, research, investment structuring, and capital markets, along with an array of professionals that support Avenue Living’s growing portfolio of multifamily homes. Includes subject matter experts. Commercial land, agricultural land, and self-storage assets. In addition to 15,000 multifamily homes in Canada and the United States, Avenue Living and its affiliates own over 496,500 square feet of commercial space, over 82,900 acres of production farmland, and over 4.6 million square feet of self-storage space. doing. .

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 security or related financial instrument. This article may contain forward-looking statements. Readers should refer to the information contained on his website at: www.avenuelivingam.com Additional information regarding forward-looking statements and the specific risks associated with them is available here. 