As we near the end of May, we’re proud to report on the percentage of rent that Avenue Living has collected so far. By introducing new technologies and being flexible with our tenants and residents, we’re able to achieve continuously successful metrics across all asset classes.

On May 20, we had an investor call to update you all on state of the union at Avenue Living. We are very much operating business as usual. April collections ended at over 97% during the month. Our collections for May have now hit just over 93%, putting us within 1-2% of where we normally would be at this time of the month.

Consolidating such a fragmented industry is a challenge few companies can rise to without a robust infrastructure supporting it. But a new fund, Mini Mall Storage Properties, is tapping into the Avenue Living advantage, leveraging the company’s established platform.

The Avenue Living Agricultural Land Trust has grown to more than 37,000 acres in assets since its inception in December 2016. With a current asset value of more than $55 million, the goal is to surpass 50,000 acres by the end of this year.

The goal throughout the crisis has been to continue delivering a quality experience for the company’s 20,000 residents across the Prairies, and those wishing to call an Avenue Living property ‘home’.

Aaron Facca, the newly appointed Vice-President of Operations at Mini Mall Storage Properties (Mini Mall), brings a wealth of experience and entrepreneurial drive to the freshly launched fund, managed by Avenue Living Asset Management. Aaron Facca has come on board with a mandate to help grow Mini Mall into a national brand.