June 29, 2012 (Calgary, AB) - avenue living is pleased to announce the purchase of 38 units in Edmonton, Alberta. This $3.4 million purchase will serve to further expand avenue living's product offering in the City of Edmonton. The Greater Edmonton Area constitutes a very large market for renters and apartment owners. Our increased presence in this marketplace continues to further the breadth of our scope across the Prairies.

"We are pleased to add to our existing product offering in the city" said Carl Diodati, Chief Investment Officer for Avenue Living. "Edmonton has been receiving a lot of press recently due its low vacancy rates spurred on by a high level of economic activity. We hope to make a positive impact on the local market by offering good quality housing."

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 2300 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