May 3, 2012 (Calgary AB) -avenue living is pleased to announce that it has reached over 2,000 doors under operation with a series of assets being acquired in Edmonton, Alberta. The Greater Edmonton Area constitutes a very large market for renters and apartment owners and will now become our 9th operating center across the Prairies.

"Edmonton represents a fantastic opportunity to continue to consolidate mid-market, profitable apartments simply because of the sheer size of the market." said Carl Diodati, Chief Investment Officer for avenue living. "Now that speculative activity has significantly subsided, we are witnessing a return to fundamentals which is quite encouraging. Edmonton's rent affordibility is the highest in all of Western Canada. We like that."

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