December 15, 2011 (Calgary, AB) - avenue living is pleased to announce the recent purchase of two 3-storey apartment buildings in Saskatoon, Saskatchewan, adding 89 units to our portfolio. This $6.09 million multi-residential acquisition adds breadth and scope to the region, making our Saskatoon operations 685 apartments strong.

"We continue to commit more investment capital into the Province of Saskatchewan as we believe in its long term prospects for continued growth and prosperity.  More specifically, Saskatoon represents our largest operating center proudly administered by some of the industry's best people.", commented Carl Diodati, Chief Investment Officer of avenue living.

About avenue living

Based in Calgary, Alberta, avenue living is Western Canada's fastest growing private apartment building owner and operator. We came from humble beginnings with a few buildings in Southern Alberta, and in just over four years have grown to manage over 2000 rental apartments in the Prairie Provinces. We now own and operate buildings in Brooks, Edmonton, Lethbridge, Moose Jaw, Regina, Saskatoon, Swift Current, Winnipeg and Yorkton, and continue to expand into new markets. Despite our rapid growth, we remain primarily focused on placing our valued customers' needs first and providing them with quality homes and apartments for rent. We also believe in providing our customers with housing solutions that let them actively participate in reducing their impact on our environment when renting with us, by continuing to upgrade our buildings to make them more energy efficient.

avenue living | 403.984.9363 | Calgary, Alberta |

by Communications Team