Edmonton, Alberta — January 16, 2026 — Leads & Copy — Yorkton Equity Group Inc. (TSXV:YEG) has successfully closed the acquisition of “The Crystallina,” a 184-unit multi-family residential complex in Edmonton.
The complex, constructed in 2016, consists of three condominium-quality buildings and a free-standing amenity building. The amenity building includes a fitness center, social room, and leasing office. The property is situated on approximately 3.81 acres of land overlooking Crystallina Lake in the Crystallina Nera East neighborhood, located at 17904, 17908, 17912, and 17916 – 78 Street NW, Edmonton, Alberta.
The acquisition, initially announced on October 24, 2025, was finalized on January 15, 2026, for $46.0 million. Funding was secured 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, including financing costs. The mortgage has a fixed interest rate of 3.692% for a 5-year term and is amortized over 50 years. Yorkton paid a fee of 0.50% of the committed loan amount to a licensed mortgage broker for arranging the mortgage financing.
The Crystallina 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, with a capitalization rate of approximately 4.9%. The property currently has a 98.4% occupancy rate. Yorkton anticipates strong potential for NOI growth in the coming years.
Ben Lui, President and CEO of Yorkton, stated that the acquisition of The Crystallina adds another high-quality rental property to Yorkton’s Edmonton portfolio. He noted that this acquisition follows the purchases of The Dwell (188 units) and The Fuse (125 units), further expanding the company’s presence in Edmonton. Lui cited the city’s growing population, healthy economy, and affordable housing market as ideal conditions for portfolio expansion. He added that Yorkton looks forward to integrating The Crystallina and continuing growth to enhance shareholder value.
The property includes 51 one-bedroom, one-bathroom suites, 97 two-bedroom, one-bathroom suites, and 36 two-bedroom, two-bathroom suites. The average suite size is 803 square feet, with a total net rentable space of 147,826 square feet. Suites feature an open-concept design, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. Each apartment building has underground parking, totaling 128 stalls, along with 150 surface parking stalls. Additional amenities include a fitness center, a tenant lounge, a leasing office in a standalone amenity building, energy-efficient solar panels, a community garden, and a pet run.
Yorkton Equity Group Inc. aims to provide shareholders with growing assets through acquisitions, organic growth, and active management of multi-family rental properties. The company focuses on Alberta and British Columbia. The management team has over 35 years of real estate experience in acquiring and managing rental assets.
Ben Lui, CEO – Corporate Office: (780) 409-8228
Yorkton Equity Group Inc. – Shareholder Communications: (780) 907-5263
Email: investors@yorktonequitygroup.com
Source: Yorkton Equity Group Inc.
