Avenue Living Asset Management

What Avenue Living Asset Management does

Avenue Living Asset Management Ltd. is a Calgary-based, vertically integrated private real estate owner-operator founded in 2006 that acquires, enhances, and manages alternative real estate assets across Canada and the United States. The firm operates four investment vehicles: the Avenue Living Real Estate Core Trust (open-ended workforce housing fund, $6.47B AUM as of December 31, 2025), the Mini Mall Storage Properties Trust (legacy B/C-class self-storage, $3.11B AUM), Tract Farmland Partners (Saskatchewan farmland, $150.8M AUM), and the now-exited Avenue Living Real Estate Opportunity Trust (returned 13.62% annualized at exit in December 2023). Combined AUM exceeds $9.7B across 750+ properties, 22,500+ multi-family units, 10M+ sq ft of self-storage, and 460,000+ farmland acres.

Name

Avenue Living Asset Management

Legal name

Avenue Living Asset Management Ltd.

Website

https://avenuelivingam.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Avenue Living Asset Management is a Calgary-based, vertically integrated private real estate owner-operator managing $9.7B+ AUM across workforce housing, self-storage, and farmland funds for accredited and institutional investors in Canada and the United States.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940), Other Activities Related to Real Estate (531390)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Real estate asset management
• Workforce housing investment
• Self-storage properties
• Alternative investment funds
• Multi-family real estate

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across Core Trust, Mini Mall Storage Properties Trust, and Farmland funds
2. Rental Income: Rental income from multi-family residential, self-storage, and commercial properties across North American portfolio
3. Performance Fees: Carried interest and performance-based compensation on successful fund operations and exits (Opportunity Trust achieved 13.62% total return on exit)
4. Debenture Offerings: Capital raised through senior unsecured debenture private placements ($400M Series C in 2026, $250M inaugural offering in 2025) used for refinancing and general corporate purposes

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Avenue Living is a vertically integrated real estate owner-operator that acquires, enhances, and manages alternative real estate assets across Canada and the United States through four investment vehicles: the Core Trust (workforce housing / low-density multi-family), Mini Mall Storage Properties Trust (self-storage), Tract Farmland Partners (Canadian farmland), and the exited Opportunity Trust. Securities in these funds are distributed exclusively through Canadian registered investment dealers and exempt market dealers to accredited and institutional investors, while the firm operates the underlying properties directly to generate rental income for fund holders.

Product overview

Avenue Living Asset Management is a vertically integrated real estate owner-operator offering four alternative investment vehicles: (1) the Avenue Living Real Estate Core Trust — an open-ended workforce housing fund targeting low-density multi-family assets; (2) Tract Farmland Partners — a farmland fund investing in Saskatchewan agricultural land leased to farm operators; (3) the Mini Mall Storage Properties Trust — a self-storage fund targeting legacy B/C class properties with technology-enabled operations; and (4) the now-exited Avenue Living Real Estate Opportunity Trust (exited December 2023). The firm also maintains two investor portals (Exempt Edge and the Avenue Living Investor Portal) for investor access. Capital markets activity includes senior unsecured debenture and note offerings totaling $400 million (Series C, January 2026), $350 million, and $250 million (May 2025). Avenue Living is not a technology platform but a private real estate investment manager; no API, AI capabilities, or product integrations are offered.

Differentiator

Problem solved

Functional benefit

Products and services

• Avenue Living Real Estate Core Trust An open-ended mutual fund trust focusing on low-density multi-family assets serving the workforce housing demographic. It is North America's premier workforce housing fund, targeting consistent income and strong occupancy across 25+ markets in North America. Available in Class A, D, and F units in both CAD and USD with monthly distributions.
• Mini Mall Storage Properties Trust A trust targeting legacy B and C class self-storage properties in largely unconsolidated markets across North America. Leverages automation, technology, and a hub-and-spoke operating model to deliver industry-leading customer service, featuring 24/7 access, SEO-enabled websites, seamless mobile rentals, and dynamic pricing. Available in Class A, D, and F units in both CAD and USD with monthly distributions.
• Tract Farmland Partners A limited partnership fund investing in productive Canadian farmland in Saskatchewan, leasing land to experienced farm operators. The fund offers investors leveraged exposure to farmland through an actively managed portfolio aiming for long-term appreciation, with a farmer-first approach. Managed by Invico Capital Corporation with a $25,000 minimum investment.
• Avenue Living Real Estate Opportunity Trust A now-exited diversified real estate fund that historically targeted underperforming multi-family assets paired with stable, well-tenanted commercial assets in Alberta and Saskatchewan. Closed in December 2023.
• Exempt Edge Investor Portal A password-protected web portal for registered investment professionals and exempt market investors to access investment materials, offering memorandums, due diligence documents, and fund fact sheets for Avenue Living's funds.
• Avenue Living Investor Portal A password-protected web portal for existing investors to access their account information, portfolio holdings, statements, and investment updates across Avenue Living's fund offerings.

Quantifiable outcome

• Core Trust Class F annualized return of 10.86% since inception (October 2017 to January 2026)
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Principles for Responsible Investment (PRI)coreOthers · 1 January 2021Global proponent of responsible investment helping companies understand ESG implications. Avenue Living became PRI signatory in 2021, formally pledging to act in accordance with and as public commitment to best long-term interests of stakeholders.
• Responsible Investment Association (RIA)coreOthersCanada's responsible investment industry association. Avenue Living is RIA's first member specializing in real estate investments. Membership enables collaboration to enhance risk management, boost performance, and promote positive societal change.
• Invico Capital CorporationcoreImplementation/ SI/ Consulting PartnerFund manager for Tract Farmland Partners LP, providing actively managed investment portfolio of Canadian farmland. Fund focuses on Saskatchewan farmland leased to farm operators, aiming to achieve long-term appreciation through farmer-first approach.
• Tract Farmland PartnerscoreOthersLimited partnership investment vehicle managed by Avenue Living for farmland investments in Saskatchewan. Became preferred acquirer in the province through solid track record and farmer-first approach.
• IndspireminorOthersIndigenous registered charity investing in First Nations, Inuit, and Métis people. Avenue Living committed multi-year donation toward Building Better Futures education program supporting bursaries, scholarships and awards.
• UNICEF CanadaminorOthersNon-profit humanitarian organization focused on saving children's lives. Avenue Living has long-standing history of patronage and governance involvement as passionate supporters.
• Food Banks of CanadaminorOthersMonth-long Avenue Giving campaign raised over 6,000lbs of food donations and $11,000 for foodbanks in Alberta, Saskatchewan, and Manitoba.
• 30 Birds FoundationminorOthersPartnership to support relocation of 45 female Afghan refugees to Saskatoon, providing safe quality housing and essentials through staff donation drives.
• Brown Bagging for Calgary's KidsminorOthersLocal charity feeding 5,500 kids daily through school lunch programs. In 2022, Avenue Living funded 24,000 lunches via this organization.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Boardwalk REIT: One of Canada's largest residential landlords with a multi-family portfolio concentrated in Western Canada. Direct comparable to Avenue Living's Core Trust given overlapping geographies (Alberta, Saskatchewan), similar workforce-housing tenant base, and comparable low-density garden apartment strategy.
• Killam Apartment REIT: Canadian multifamily REIT with a portfolio across Atlantic Canada, Ontario, Alberta, and BC. Directly comparable to Core Trust for multi-family workforce housing strategy, Canadian listing structure, and similar scale of AUM/portfolio footprint.
• Mainstreet Equity Corp: Canadian mid-cap residential REIT focused on value-add, workforce, and mid-market multi-family apartments, with material exposure to Western Canadian secondary markets. Closest peer in terms of value-add workforce housing thesis and secondary-market acquisition strategy.
• Minto Apartment REIT: Canadian multifamily REIT focused on urban and suburban rental housing across major Canadian markets. Comparable for multi-family acquisition and asset management approach, though with a more primary-market tilt than Avenue Living.
• StorageVault Canada: Canadian self-storage owner/operator with a portfolio across Canada. Directly comparable to Avenue Living's Mini Mall Storage Properties Trust for self-storage acquisition strategy, technology-enabled operations, and Canadian growth trajectory.
• Starlight Investments: Large Canadian private real estate investment manager with multi-family, commercial, and development exposure. Comparable as a privately held Canadian real estate platform running multiple investment vehicles for institutional and retail capital.
• Dream Unlimited Corp: Diversified Canadian real estate company with multi-family, land, and recreational development exposure. Comparable for vertically integrated Canadian real estate operator model with mixed asset-class strategy across geographies.

Broad incumbents

• Morguard Corporation: Diversified Canadian real estate company owning and managing a broad portfolio of multi-family, retail, office, and hotel assets. Broad incumbent comparable given overlapping multi-family ownership and vertically integrated asset management approach.

Regional players

• True North Commercial REIT: Canadian REIT focused on office properties across secondary Canadian markets. Adjacent comparable given Avenue Living's commercial square footage exposure and secondary-market focus, though differing asset class.

Others

• Canada Infrastructure Bank: Federal Crown corporation and Avenue Living's retrofit capital partner. Relevant as the counterparty that has committed $162M (later $120M) to Avenue Living's energy retrofit program, providing a useful benchmark for infrastructure-style real estate capital flows in Canada.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/avenueliving

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avenue Living Asset Management