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Avenue Living completes $350 million debenture financing

Avenue Living (2014) Limited Partnership, part of the Calgary-based Avenue Living real estate group, completed a private placement of C$350 million in Series B senior unsecured debentures. The debentures carry an interest rate of 4.520 percent and mature September 25, 2028, and were placed with investors across Canada. Avenue Living operates a substantial multi-family residential and self-storage real estate platform, and the financing provided term capital consistent with the group's ongoing acquisition and asset-management activities. The private placement was distributed to institutional and other qualified investors through a syndicate led by RBC Capital Markets. The financing broadened the group's access to term debt in the Canadian market and supported its capital structure. The offering was completed in late September 2025. As a completed debt financing placed by way of private placement, the transaction reached settlement upon closing, with the debentures issued to purchasers and proceeds delivered to the issuer.

Company

Avenue Living (2014) LP

Bank

RBC Capital Markets

Law Firm / Organization
RBC Capital Markets
Lawyer(s)

Darrel Law

Public/Private Offering
Other
$ 350,000,000
Closed
25 September 2025