Yorkton closes acquisition of Edmonton resi complex

Executive Summary

• Yorkton Equity Group Inc. has successfully closed the acquisition of The Crystallina, a 184-unit multifamily residential complex in Edmonton, Alberta, for a total purchase price of $46.0 million.
• The transaction was financed via a combination of company cash for the down payment and a CMHC-insured mortgage of approximately $44.3 million at a fixed rate of 3.692% for a five-year term.
• The property is currently 98.4% occupied with a projected annual NOI of $2.2 million and a capitalization rate of 4.9%, representing an addition to Yorkton's growing portfolio of high-quality rental assets in Western Canada.

Key Details

• Transaction Structure: Acquisition closed on Jan. 15, 2026, following an announcement on Oct. 24, 2025.
• Purchase Price: $46.0 million.
• Financing:
  • CMHC-insured mortgage of approximately $44.3 million (inclusive of financing costs).
  • Interest rate: Fixed 3.692% for a five-year term.
  • Amortization: 50 years.
  • Broker Fee: 0.50% of the committed loan amount paid to a licensed mortgage broker upon closing.
• Property Valuation & Financials:
  • Appraised Value: $46.75 million.
  • Projected Total Annual Revenue: ~$3.6 million.
  • Projected Total Annual Net Operating Income (NOI): ~$2.2 million.
  • Capitalization Rate: ~4.9%.
  • Current Occupancy Rate: 98.4%.
• Property Specifications:
  • Location: Edmonton, Alberta (Crystallina Nera East neighborhood).
  • Unit Count: 184 units across three condominium-quality buildings and a free-standing amenity building.
  • Unit Mix: 51 one-bedroom/one-bathroom suites, 97 two-bedroom/one-bathroom suites, and 36 two-bedroom/two-bathroom suites.
  • Average Suite Size: 803 square feet.
  • Total Net Rentable Space: 147,826 square feet.
  • Parking: 128 underground stalls and 150 surface stalls.
  • Amenities: Fitness centre, social room, leasing office, energy-efficient solar panels, community garden, and pet run.
  • Construction Year: 2016.
  • Land Size: Approximately 3.81 acres.
• Strategic Context: This acquisition follows previous purchases of The Dwell (188 units) and The Fuse (125 units), expanding Yorkton's portfolio in Edmonton.

Notable Quotes

• "Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio... The city's growing population, healthy economy and affordable housing market make it an ideal location for expanding our portfolio." — Ben Lui, President and CEO, Yorkton Equity Group Inc.