May 30th, 2012 (Calgary, AB) - avenue living is pleased to annouce the recent purchase of the 30 unit Lynbrook townhome project in Moose Jaw, Saskatchewan. This $2.65 million acquisition greatly expands the type of product offering avenue living can bring to the local market for families seeking larger rental product. The addition continues to widen our breadth and scope in the Province of Saskatchewan.

Carl Diodati, Chief Investment Officer of avenue living commented that "larger, self-contained rental units are very much sought after by families looking for something more than an apartment-style rental. There simply isn't enough available in the townhome type of rental product to satisfy demand. This is true of most markets, but especially in Moose Jaw where there are only 3.6 rental dwellings per 100 population, one of the lowest product availabilities in all of Saskatchewan."

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 2200 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