Avenue Living buys Calgary rental portfolio for $138 million
Western Investor Staff
Western Investor
Portfolio includes three properties with 764 rental units on a total of 28 acres
Shown: Woodlands Manor, Calgary. JLL Canada, Edmonton, for Western Investor
Property type: Multi-family rental portfolio
Locations:3805 Marlborough Drive NE, 2120 Southland Drive SW, and 1825 Woodview Drive SW Calgary, Alberta.
Number of units: 764
Size of land: 28 acres (total)
Sale price: $138 million
Date of sale; March 7, 2022
Buyer: Avenue Living Group, Calgary
Brokerage: JLL multi-family team, Edmonton
Brokers: Michael Betsalel and Samuel Dean with sales associates Hayley Buskas and Tyler Herder
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