Curated News
By: NewsRamp Editorial Staff
January 16, 2026

Yorkton Equity Group Acquires $46M Edmonton Multi-Family Complex

Discuss on LinkedIn Discuss on Telegram
Original Source

TLDR

  • Yorkton Equity Group's acquisition of The Crystallina for $46 million provides a strategic advantage with a 98.4% occupancy rate and projected $2.2 million annual net operating income.
  • Yorkton funded the $46 million acquisition with cash and a CMHC-insured mortgage at 3.692% fixed for 5 years, amortized over 50 years, with a 4.9% capitalization rate.
  • This acquisition adds 184 condominium-quality rental units with modern amenities to Edmonton's housing market, supporting community needs through quality living spaces and sustainable features like solar panels.
  • The Crystallina features 184 units overlooking a scenic lake, with quartz countertops, underground parking, a fitness center, community garden, and pet run across 3.81 acres.

Impact - Why it Matters

This acquisition signals continued confidence in Edmonton's rental market amid growing demand for quality multi-family housing. For residents, it means more professionally managed, condominium-grade rental options with modern amenities in desirable neighborhoods. For investors, it demonstrates Yorkton's strategic expansion in Western Canada's affordable housing markets, potentially driving shareholder value through NOI growth. The CMHC-insured financing at favorable rates reflects institutional confidence in the property's stability, while the high occupancy rate suggests strong tenant demand. As housing affordability remains a critical issue across Canada, such investments in quality rental inventory help address supply needs while creating economic opportunities through property management and maintenance jobs.

Summary

Yorkton Equity Group Inc. (TSXV:YEG) has successfully completed its $46.0 million acquisition of "The Crystallina," a 184-unit multi-family residential complex in Edmonton, Alberta. The property, constructed in 2016 and featuring three condominium-quality buildings with an 803-square-foot average suite size, includes 51 one-bedroom, 97 two-bedroom with one-bathroom, and 36 two-bedroom with two-bathroom suites. Situated on 3.81 acres overlooking Crystallina Lake in the desirable Crystallina Nera East neighborhood, the complex boasts a 98.4% occupancy rate and amenities such as a fitness centre, tenant lounge, solar panels, community garden, and pet run. The acquisition was funded through a combination of company cash and a CMHC-insured mortgage of approximately $44.3 million at a fixed 3.692% interest rate for five years, arranged with the help of a licensed mortgage broker.

President and CEO Ben Lui emphasized that this purchase follows Yorkton's previous acquisitions of The Dwell (188 units) and The Fuse (125 units), strengthening the company's portfolio of high-quality rental properties in Edmonton. The property was appraised at $46.75 million with projected annual revenue of $3.6 million and a Net Operating Income (NOI) of approximately $2.2 million, yielding a capitalization rate of 4.9%. Yorkton anticipates strong potential for NOI growth in coming years, citing Edmonton's growing population, healthy economy, and affordable housing market as ideal conditions for expansion. For visual reference, images of the property's interior are available through the provided link on the newswire platform.

As a growth-oriented real estate investment company focused on Alberta and British Columbia, Yorkton aims to enhance shareholder value through accretive acquisitions and active management of multi-family properties. The company's management team brings over 35 years of real estate experience to this strategic expansion. Further details about Yorkton can be found on their official website and the SEDAR+ platform, where investors can access comprehensive corporate information. This acquisition represents a significant step in Yorkton's strategy to capitalize on Western Canada's strong rental market dynamics while providing quality housing options in desirable urban locations.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Yorkton Equity Group Acquires $46M Edmonton Multi-Family Complex

blockchain registration record for this content.