October 12, 2012 (Calgary, AB) - avenue living is pleased to announce a number of recent purchases in four of our existing centres. In Saskatchewan, we acquired two buildings, adding 38 units to our portfolio. This brings our total number of buildings in Saskatchewan to 67; this prosperous prairie province remains our biggest operating centre.

We also expanded our Alberta portfolio with a recent purchase of an additional 63 units in Medicine Hat and Edmonton. These are both new centres for avenue living as of 2012 and continue to grow rapidly and show much potential for the future.

"We continue to see opportunities in Alberta and Saskatchewan secondary markets," said Chief Investment Officer Carl Diodati of the recent acquisitions. "As we continue to increase our scope in these centres, we will be able to provide a more consistent and higher quality service to our tenants, as we bring on added infrastructure to support this growth."

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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 2500 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 | www.avenueliving.ca

by Communications Team