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, on January 15, 2026. The purchase price of $46.0 million was funded through a combination of the Company's cash for the down payment and a Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million, inclusive of financing costs. The mortgage bears interest at a fixed rate of 3.692% for a 5-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 centre, social room, and leasing office. It is situated on approximately 3.81 acres overlooking Crystallina Lake in the Crystallina Nera East neighborhood. The complex includes 51 one-bedroom, one-bathroom suites; 97 two-bedroom, one-bathroom suites; and 36 two-bedroom, two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. Each suite offers open-concept design, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. Amenities include underground parking (128 stalls), surface parking (150 stalls), a fitness centre, tenant lounge, community garden, pet run, and energy-efficient solar panels.
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 (NOI) of approximately $2.2 million, reflecting a capitalization rate of about 4.9%. Currently, the occupancy rate stands at 98.4%. Yorkton believes there is strong potential to grow the NOI in the coming years.
“Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio,” said Ben Lui, President and CEO of Yorkton. “This follows our purchases of The Dwell (188 units) and The Fuse (125 units) and further increases our portfolio of high-quality, condominium-grade rental properties in Edmonton, Alberta. The city’s growing population, healthy economy, and affordable housing market make it an ideal location for expanding our portfolio. We look forward to successfully integrating The Crystallina into our portfolio and continuing our growth to enhance our profitable proposition for shareholders.”
Yorkton Equity Group Inc. is a growth-oriented real estate investment company focused on acquiring and managing multi-family rental properties in Alberta and British Columbia. The management team has over 35 years of real estate experience. Further information is available on the Company’s website at www.yorktonequitygroup.com and on SEDAR+ at www.sedarplus.ca.
