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

Yorkton Equity Group Inc. has successfully closed the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for $46.0 million. The transaction, which was initially announced on October 24, 2025, was completed on January 15, 2026, and represents a significant addition to Yorkton's portfolio of condominium-grade rental properties in the region. This acquisition matters because it demonstrates continued investor confidence in Edmonton's residential real estate market despite broader economic uncertainties, while also highlighting the strategic use of government-backed financing to facilitate large-scale property acquisitions.

The purchase was funded through a combination of the company's cash for the down payment and a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, inclusive of financing costs. The mortgage bears interest at a fixed rate of 3.692% for a five-year term and is amortized over fifty years. This financing structure is important because it showcases how real estate investment companies are leveraging CMHC-insured loans to secure favorable terms for large acquisitions, potentially setting a precedent for similar transactions in Canada's multi-family housing sector. The company paid a fee of 0.50% of the committed loan amount to a licensed mortgage broker for services in arranging the mortgage financing upon closing of the loan.

The property was appraised at $46.75 million with a projected total annual revenue of approximately $3.6 million and a projected total annual Net Operating Income of approximately $2.2 million, resulting in a capitalization rate of approximately 4.9%. With a current occupancy rate of 98.4%, Yorkton believes there is strong potential to grow the NOI in coming years. This financial performance is significant because it demonstrates the continued strength of Edmonton's rental market, where high occupancy rates and stable NOI projections make multi-family properties attractive investments despite economic headwinds affecting other real estate sectors.

Ben Lui, President and CEO of Yorkton, stated that this acquisition follows the company's purchases of The Dwell and The Fuse and further increases their portfolio of high-quality, condominium-grade rental properties in Edmonton. Lui emphasized that the city's growing population, healthy economy, and affordable housing market make it an ideal location for expanding their portfolio. This strategic focus on Edmonton is important because it reflects broader trends in Canadian real estate investment, where secondary markets with strong fundamentals are attracting increasing capital as investors seek alternatives to overheated primary markets.

The property consists of fifty-one one-bedroom with one-bathroom suites, ninety-seven two-bedroom with one-bathroom suites, and thirty-six 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. Each suite features condominium-quality finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. The complex includes three apartment buildings with underground parking totaling 128 stalls, plus 150 surface parking stalls, and amenities such as a fitness centre, tenant lounge, leasing office, energy-efficient solar panels, community garden, and pet run. These premium features are noteworthy because they represent the growing trend toward higher-quality rental properties that compete directly with condominiums, appealing to tenants willing to pay premium rents for upgraded amenities and finishes.

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 implications of this acquisition extend beyond Yorkton's portfolio expansion, as it signals continued institutional interest in Alberta's multi-family housing market and demonstrates how government-backed financing can facilitate significant real estate transactions even in a higher interest rate environment.