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Avanew REIT
By:
Avanew SFR REIT Mutual Fund Trust
Avanew REIT is revolutionising Canadian residential real estate with a focus on creating a diverse portfolio of single-family and co-living rentals, expertly managed to provide stable, long-term growth.
Location
Ontario
Risk Profile
Low - Moderate
N/A
Min. investment
$25,000
Investment Strategy
Core Plus
ARR
Targeting 10% Unlevered IRR Over 10 Years
Horizon
Open-Ended Fund
Introduction
Avanew REIT is pioneering the Single Family Rental (SFR) and co-living asset classes in Canada, building a portfolio of high-quality, affordable rental properties to address critical gaps in urban and suburban housing. Established in 2019, Avanew aims to offer investors a stable and innovative vehicle that combines the best practices of US REITs with a distinct Canadian market focus. With a mission to meet growing demand for affordable rental housing, Avanew is strategically acquiring underdeveloped properties and transforming them into sought-after, institutionally managed homes that serve renters and investors alike.
Key Reasons to invest
Proven Track Record
Between its first two funds, Avanew has acquired 329 properties comprising 553 rental units in a variety of cities and towns across Ontario. Avanew SFR REIT will be its third fund and will significantly expand this portfolio.
Gain Exposure to Single Family Rentals
In Canada, Avanew is the first to bring leading prop-tech and US REIT best practices to the market, establishing it as the leading, institutional quality Single Family Rental asset manager. Intention to rapidly grow asset base through consolidation of the Single Family Rental market. Similarly structured vehicles in the US market typically provide an IRR of around 10%.
Registered Account Eligible
Invest through your RRSP, TFSA, RESP, LIRA, or RRIF accounts!
Stable Investment Strategy
Avanew REIT provides access to rising rents and capital growth through a diversified portfolio of stable rental assets. As a debt-free investment, it reduces exposure to borrowing cost fluctuations, offering both stability and growth potential.
Project Overview
Avanew REIT’s vision is centred on addressing Canada’s need for affordable and accessible rental housing through two innovative approaches.
The Single Family Rental strategy seeks to acquire and enhance underutilised properties, making them more habitable as well as highly desirable. This includes incorporating features that include enhanced energy efficiency, life-safety improvements and modern amenities.
Avanew’s co-living model, launching first in Ontario, offers thoughtfully designed, fully furnished living spaces for residents who seek affordability and community. These co-living spaces cater especially to young professionals and lifestyle-focused renters, integrating communal and private living spaces to enhance affordability and social connectivity.
Avanew is growing its portfolio by focusing on areas with strong economic and demographic growth while experiencing limited housing supply. By bolstering and scaling its assets, Avanew establishes a cohesive management approach that ensures high standards of tenant experience. Through Fund III, Avanew is set to expand its footprint across Ontario further, positioning itself as a leader in Canada’s rental market.
Location
Avanew REIT’s properties are located in Ontario, with a strategic focus on high-demand urban centres and neighbourhoods. In Toronto, where housing constraints are pressing, Avanew’s co-living properties cater to residents seeking affordable, community-focused solutions. Properties are selected in vibrant neighbourhoods close to key amenities, entertainment hubs, and trans routes to offer convenience and connectivity for urban dwellers. At the same time, Avanew’s SFR model offers rentals in sought-after neighbourhoods across Ontario with access to green spaces, schools and commercial hubs. These strategically chosen areas benefit from demographic and economic growth rates that surpass the provincial average, ensuring stable demand and long-term value of the investment properties.
Multimedia
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Developer Overview
Avanew has pioneered the low rise rental asset class in Canada by assembling one of the largest portfolios of attainable, institutional-quality rental homes in Ontario. They acquire existing, underdeveloped or underinvested residential real estate assets and complete renovations to enhance the livability, convenience, energy efficiency and aesthetic making them available to Canadians.