Avenue Living

What Avenue Living does

Avenue Living is a Calgary-headquartered private investment manager and residential rental property operator serving individual renters, families, and students across Western Canada. The company owns and operates 365+ residential properties spanning 350+ locations in 22 cities across Alberta, Saskatchewan, and Manitoba, offering apartments and townhomes from bachelor to three-bedroom configurations at monthly rents typically ranging from $800 to $3,300 depending on market, unit size, and amenities. Its portfolio also extends into commercial real estate (retail, office, industrial) through a dedicated Commercial Properties division, and into self-storage through the Mini Mall Storage Properties Trust subsidiary.

The company runs a direct-to-consumer rental model supported by a unified digital platform: the Rentsync-powered website enables prospective tenants to search properties, book viewings, submit rental applications, and pay rent online, while a separate Resident Portal supports maintenance requests and account management. Operations are standardized across the portfolio with a 24-hour resident service commitment, a 3-day maintenance turnaround, pet-friendly and smoke-free policies, and flexible payment options delivered through a Zenbase integration. Avenue Living employs 501–1,000 staff, including local on-site property management and maintenance teams in each operating city. The company manages $9.8 billion in assets under management through its Avenue Living Asset Management Ltd. subsidiary.

Revenue is generated primarily through recurring monthly residential rent, with ancillary income from commercial leasing and property management services. In January 2026 the operating entity (Avenue Living (2014) LP) priced a $400 million Series C senior unsecured debenture offering led by RBC, BMO, CIBC, and TD Securities to refinance existing indebtedness and fund general corporate purposes. In March 2026, Avenue Living Asset Management Ltd. announced strategic reviews of two subsidiary trusts (Avenue Living Real Estate Core Trust and Mini Mall Storage Properties Trust) that could include IPOs on the Toronto Stock Exchange, representing a potential first public listing for any part of the group.

Name

Avenue Living

Legal name

Avenue Living (2014) LP

Website

https://avenueliving.ca

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Avenue Living is a Calgary-based private residential rental operator managing 365+ multifamily properties and commercial real estate across 22 cities in Alberta, Saskatchewan, and Manitoba, serving individual tenants, families, and students with a Rentsync-powered digital leasing platform.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Residential property management
• Multi-family rentals
• Apartment leasing
• Rental housing
• Real estate investment

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Residential Rental Income: Monthly rental payments from residential tenants occupying apartments and townhomes across 350+ locations in Western Canada. Revenue is recurring in nature as leases roll over and renew.
2. Property Management Services: Management services for residential properties supporting tenant satisfaction and retention.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Avenue Living provides multi-family rental apartments, townhomes, and student housing across 22 cities in Alberta, Saskatchewan, and Manitoba. The company operates a direct-to-consumer rental platform enabling prospective tenants to search properties, book viewings, submit rental applications, and manage tenancies online, supported by local on-site teams providing professional property management, 24-hour resident services, and a 3-day maintenance turnaround commitment.

Product overview

Avenue Living operates a unified residential and commercial real estate platform spanning 350+ locations across 22 cities in Alberta, Saskatchewan, and Manitoba. The core product is the Residential Rental Platform, which enables property search, viewing bookings, and online applications. Supporting services include the Resident Portal for maintenance requests and account management, a Commercial Properties division for business tenants, and the Close to Campus student housing sub-brand. All offerings are managed through Rentsync-powered website infrastructure with flexible payment processing via Zenbase partner integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Rental Platform A comprehensive residential rental platform enabling prospective tenants to search for apartments and townhomes across 22 cities in Alberta, Saskatchewan, and Manitoba, book viewings, and complete rental applications online. Targets individuals, families, and students seeking long-term rental housing.
• Resident Portal Online portal for existing residential tenants to access accounts, submit maintenance requests, and manage their tenancy including online rent payments. Serves as the ongoing tenant service interface after lease signing.
• Commercial Properties Commercial real estate leasing services offering retail, office, and industrial spaces across the Avenue Living property portfolio in Western Canada. Targets business tenants seeking commercial space.
• Close to Campus Student-focused rental program providing pet-friendly apartments and townhomes near post-secondary educational institutions across Western Canada. Targets students seeking housing close to campus.

Quantifiable outcome

• 350+ locations across Western Canada
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Two partnerships are on record, tiered minor and core.

• ZenbaseminorStrategic or Co-development PartnerFlexible payment options partner offering tenants alternative payment solutions. Zenbase integration allows residents to manage rent payments through their platform.
• RentsynccoreTechnology or IntegrationWebsite platform provider powering the Avenue Living property listing website, tenant application system, and resident portal functionality.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Tricon Residential: Major Canadian residential rental operator (single-family and multi-family) acquired by Blackstone; comparable as a large-scale residential landlord with Western Canadian exposure.
• Killam Apartment REIT: Canadian multifamily REIT with ~17,000+ units across Atlantic Canada, Ontario, Alberta, and BC; comparable as a multi-family residential operator with adjacent geographic overlap in Alberta.
• Hazelview Investments: Toronto-based global residential real estate investment manager (formerly Timbercreek) with significant Canadian multifamily exposure; comparable as a sizable residential asset owner-operator.
• Boardwalk REIT: Canada's largest multifamily REIT with ~30,000+ units, directly comparable as a multi-family residential landlord and operator across Western Canada, though it operates at substantially larger scale and includes Alberta, Saskatchewan, and BC in its portfolio.
• Starlight Investments: Large Canadian residential real estate investment manager owning and operating multi-family apartments across Canada; comparable asset-management model with $9B+ AUM in residential real estate.
• Canadian Apartment Properties REIT (CAPREIT): One of Canada's largest residential landlords with multifamily apartments and townhomes across Canada; comparable business model as a large-scale residential rental owner/operator.

Direct peers

• Minto Apartment REIT: Canadian multifamily REIT operating ~13,000+ suites in Ontario, Alberta, and BC; comparable mid-density residential rental operator with direct overlap in Alberta markets.
• Mainstreet Equity Corp: Calgary-based mid-market multifamily owner and operator focused on value-add apartments across secondary Canadian cities, highly comparable to Avenue Living in geography, unit profile, and mid-market tenant focus.
• Northview Residential REIT: Privately held Canadian residential REIT owning multi-family apartments, townhomes, and single-family rentals across multiple provinces including Western Canada; directly comparable as a residential rental owner/operator.

Regional players

• Dream Unlimited: Canadian real estate company with multi-family rental operations primarily in Ontario and select Western markets; comparable residential rental component though smaller and Ontario-weighted relative to Avenue Living.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AvenueLivingCommunities
• LinkedInlinkedin.com/company/avenue-living-communities

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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