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

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 October 16, 2025, following thorough due diligence and evaluation, with the transaction expected to close on January 15, 2026. This acquisition marks another significant step in Yorkton's strategic growth within Western Canada's rental housing market.

The property financing includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, secured through a commitment letter with a lender providing for a 50-year amortization period and an interest rate not to exceed 4% per annum. Yorkton has already paid non-refundable deposits totaling $1,000,000, with the remaining purchase price to be paid through a combination of cash and the CMHC insured bank mortgage. This financing structure demonstrates the company's prudent capital management approach and confidence in the property's long-term value.

The Crystallina property, constructed in 2016, consists of three condominium-quality buildings and a freestanding amenity building situated on approximately 3.81 acres in the Crystallina Nera East neighborhood. The complex features 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 suite includes condominium-quality finishes such as quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry.

The property offers 128 underground parking stalls and 150 surface parking stalls, along with comprehensive amenities including a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, community garden, and pet run. These premium features position The Crystallina as a high-quality rental option in Edmonton's competitive housing market. Ben Lui, President and CEO of Yorkton, stated that the acquisition represents another step forward in the company's growth strategy, following recent acquisitions of The Dwell and The Fuse properties in Edmonton.

The expansion into Edmonton's rental market is supported by strong economic conditions, continued 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. The acquisition strengthens Yorkton's portfolio of premium, condominium-grade rental properties in strategic Western Canadian markets where rental housing demand remains robust, reflecting the company's commitment to providing quality housing solutions in growing urban centers.