Yorkton Equity Group Inc. (TSXV:YEG) announced the successful closing of its acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for a purchase price of $46.0 million. The transaction, previously announced on October 24, 2025, closed on January 15, 2026, and was funded through a combination of company cash and a Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million. The mortgage carries a fixed interest rate of 3.692% for a five-year term and is amortized over 50 years.
The property, constructed in 2016, consists of three condominium-quality buildings and a standalone amenity building featuring a fitness center, social room, and leasing office. Situated on about 3.81 acres overlooking Crystallina Lake in the Crystallina Nera East neighborhood, the complex includes 51 one-bedroom, 97 two-bedroom with one bathroom, and 36 two-bedroom with two-bathroom suites, averaging 803 square feet. Amenities include underground and surface parking, solar panels, a community garden, and a pet run.
The acquisition adds to Yorkton's growing Edmonton portfolio, following purchases of The Dwell (188 units) and The Fuse (125 units). President and CEO Ben Lui highlighted Edmonton's growing population, healthy economy, and affordable housing market as key factors for expansion. The property was appraised at $46.75 million, with projected annual revenue of approximately $3.6 million and net operating income (NOI) of about $2.2 million, representing a 4.9% capitalization rate. Current occupancy stands at 98.4%, and Yorkton sees strong potential to grow NOI in the coming years.
Yorkton paid a 0.50% fee to a licensed mortgage broker for arranging the financing. The company focuses on acquiring and managing multi-family rental properties in Alberta and British Columbia, aiming to deliver growing NOI and asset values. More information is available on the company's website at www.yorktonequitygroup.com and on SEDAR+ at www.sedarplus.ca.
Yorkton Equity Group Inc. is a growth-oriented real estate investment company with over 35 years of combined management experience. The acquisition of The Crystallina underscores its strategy to enhance shareholder value through accretive acquisitions and active management in strategic Western Canadian markets.
