Yorkton Equity Group Acquires 184-Unit Edmonton Residential Complex in $46 Million Deal

Yorkton Equity Group Inc. has completed the acquisition process for The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, with a purchase price of $46.0 million. The company removed all buyer's conditions on the purchase and sale agreement on October 16, 2025, following thorough due diligence and evaluation. The property consists of three condominium-quality buildings and a standalone amenity building situated on approximately 3.81 acres in the Crystallina Nera East neighborhood.

The transaction includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, inclusive of financing costs, which has been approved by CMHC. A commitment letter with a lender provides for a fifty-year amortization period and an interest rate not to exceed 4% per annum. The company has paid non-refundable deposits totaling $1,000,000, with the remaining purchase price to be paid at closing through a combination of cash and the CMHC-insured bank mortgage. The closing date for the acquisition is expected to be January 15, 2026.

The Crystallina property features 51 one-bedroom with one-bathroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. All suites feature condominium-quality finishes including open-concept designs, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. The complex offers 128 underground parking stalls and 150 surface parking stalls, along with amenities including a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, community garden, and pet run.

Ben Lui, President and CEO of Yorkton, commented that the acquisition represents another step forward in the company's growth strategy, following recent acquisitions of The Dwell with 188 units and The Fuse with 125 units. The expansion into Edmonton's rental market is supported by strong economic conditions, continued in-migration, and attractive affordability factors driving robust rental housing demand. Further information about Yorkton is available on the Company's website at https://www.yorktonequitygroup.com and the SEDAR+ website at https://www.sedarplus.ca.

The acquisition strengthens Yorkton's position in Western Canada's multi-family rental property market, focusing on strategic markets with diversified economies and strong population growth. The company's management team brings over 30 years of real estate experience in acquiring and managing rental assets, positioning them to capitalize on the ongoing demand for premium rental properties in Alberta's growing urban centers.