Avenue Living Real Estate Core Trust
Participate passively and indirectly in the consolidation of multi-family residential real estate assets across North America
Overview
Strategy
Performance
Docs & News
Advisor Inquiry
Overview
Overview
Avenue Living Real Estate Core Trust (the "Trust"), through its investment in Avenue Living (2014) LP (the "LP"), provides investors with the opportunity to participate passively and indirectly in the consolidation of multi-family residential real estate assets across North America. The LP seeks to generate returns for the Trust via capital appreciation and yield by acquiring assets below replacement value, investing in capital and operational improvements, and implementing active property management programs across portfolio assets.
Avenue Living Real Estate Core Trust (the "Trust"), through its investment in Avenue Living (2014) LP (the "LP"), provides investors with the opportunity to participate passively and indirectly in the consolidation of multi-family residential real estate assets across North America. The LP seeks to generate returns for the Trust via capital appreciation and yield by acquiring assets below replacement value, investing in capital and operational improvements, and implementing active property management programs across portfolio assets.
Investment Summary
| Target Return | 8 - 12% |
| Liquidity | Monthly |
| Income Generation | Monthly |
| Investment Horizon | 5 - 10 years |
| Fees | 2.75% per annum |
Strategy
Strategy
With assets located in both Canada and the United States, Avenue Living has strategically positioned itself to become a premier North American vertically integrated owner-operator of residential assets that cater to a niche market within the multi-family universe called “Workforce Housing”. Research indicates that individuals within this demographic, referred to as “Workforce Residents”, may make up as much as 40% of the private rental market population. Avenue Living believes a large proportion of this significant population demographic are “renters by necessity” rather than “renters by choice”, due in part to individual home ownership becoming less economically viable as a result of rising asset prices and the associated lending constraints. Avenue Living anticipates that the result will be an increased demand for Workforce Housing in the future, suggesting that this particular asset class is likely to be a profitable investment opportunity.
Objective
The Trust provides Unitholders with exposure to the business of the Partnerships, which consists of cash flow through rental income, potential returns through value added enhancements to the Properties, potential market growth in the rental rates of such Properties and operating expense efficiencies through active management.
Performance
Docs & News
| Date | Title | Link |
|---|---|---|
| no news |
Advisor Inquiry
Terence Cheng
Contact: terence@CortonCapital.ca
Phone: 647 205 7484
Terence Cheng has 17+ years’ experience in the real estate and private capital markets business. As a former Vice President at Fundscraper Capital Inc., he facilitated over $550M in investment capital deployment across vetted market products. Terence is passionate about helping clients and crafting tailored investment solutions to achieve their medium and long-term goals.