Anthony Giuffre, founder and CEO of Calgary-based Avenue Living Asset Management recently joined BNN Bloomberg for his outlook on the real estate market, and how the company is tackling the affordable housing issue as a residential and commercial properties asset management firm.
The full video interview can be found here.
Recently, Avenue Living announced it it had surpassed $3 billion in assets under management.
In a news release, the company said it added $1.5 billion in assets in the past year and a half, more than doubling its portfolio.
Avenue Living has more than 12,000 rental units in Canada in 17 markets. Its U.S. multi-family fund exceeds $100 million in assets and its self-storage fund has more than $300 million in assets. Avenue Living’s agriculture fund has expanded its acres under management to more than 48,000, raising its assets to more than $90 million.
“Recent multi-family acquisitions throughout Western Canada, coupled with our ongoing U.S. acquisitions on the multi-family side and the growth of our self-storage business have contributed to this significant $3 billion milestone,” said Founder, Chief Executive Officer and Executive Chairman, Avenue Living Group of Companies, in a statement.
“We carefully choose opportunities and build infrastructure that supports everything we do – we’re champions of the everyday. The strength of our platform lies in having sound mind and management — working with the right people, both in our own offices and other areas to help us serve our investors and communities, and to continue to deliver to the Avenue Living gold standard.
“The greatest indicator of success is customer retention, and at Avenue Living, we ensure this through maintaining high customer service standards. Historically, there’s been a certain predictability to the asset classes we invest in, and that’s what investors are looking for.”
The company was founded in 2006.
“The pandemic truly tested the resilience of our investment thesis. Our choice of investing in ‘the everyday’ coupled with the tenacity of our customer and employee base has allowed us to achieve this milestone,” said Giuffre. “As we look ahead at the remainder of 2021 and beyond, we see a significant opportunity for the Avenue Living Group of Companies to continue to fire on all cylinders.”
