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Edmonton 1,566 multi-family rental units sell for $275 million

Calgary-based Avenue Living Asset Management bought three multi-family rental portfolios that include dozens of mostly low-rise buildings
Huntington-Heights-LowRes-3
Marcus & Millichap, Edmonton, for Western Investor

Property type: Multi-family rentals

Location: Various locations in Edmonton, Alberta

Number of units: Approx. 1,566 units

Number of portfolios: 3

Number of buildings: 30-40 (approx.)

Date of sale: July 5, 2021

Sale price: $275 million

Brokerages: Marcus & Millichap Institutional Property Advisors, Edmonton; BMO Brokers, Edmonton, and JLL Canada, Edmonton.