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

Yorkton Equity Group Inc. has finalized the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for $46.0 million. The company removed all buyer's conditions on October 16, 2025, following comprehensive due diligence, with the transaction scheduled to close on January 15, 2026. This acquisition represents a significant investment in Edmonton's rental housing market and demonstrates continued confidence in the region's real estate fundamentals.

The property financing includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, secured through a lender commitment featuring a 50-year amortization period and an interest rate capped at 4% annually. Yorkton has already paid non-refundable deposits totaling $1,000,000, with the remaining purchase price to be funded through a combination of cash and the CMHC-insured bank mortgage. This financing structure provides long-term stability and favorable terms for the investment.

Constructed in 2016, The Crystallina property spans approximately 3.81 acres in the Crystallina Nera East neighborhood and consists of three condominium-quality buildings plus a freestanding amenity building. The complex offers 51 one-bedroom 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. Each unit features premium finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry facilities.

The property provides extensive parking with 128 underground stalls and 150 surface parking spaces, along with comprehensive amenities that include a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, community garden, and dedicated pet run. Ben Lui, President and CEO of Yorkton, emphasized that this acquisition marks another strategic step in the company's growth trajectory, following recent purchases of The Dwell and The Fuse properties in Edmonton. The expansion into Edmonton's rental market is supported by strong economic conditions, continued population in-migration, and attractive affordability factors in the region. 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.

This acquisition strengthens Yorkton's portfolio of premium, condominium-grade rental properties in strategic Western Canadian markets where rental housing demand remains robust. The transaction highlights the ongoing investor confidence in Alberta's multi-family residential sector, particularly in markets characterized by strong economic fundamentals and growing population centers. The property's modern amenities and premium finishes position it competitively within Edmonton's rental market, addressing the demand for high-quality rental accommodations in the region.