Avenue Living Announces $400 Million Senior Unsecured Debenture Offering

Company Overview - Avenue Living Group is a property owner-operator with over C$9 billion in assets under management across 22 states in the U.S. and seven provinces in Canada [5] - The firm's multi-family division manages more than 23,000 doors throughout North America [5] - Avenue Living's self-storage fund, Mini Mall, owns and operates approximately 12.9 million square feet of self-storage space [5] - The agriculture fund managed by Avenue Living covers 50,000 acres of farmland [5] - The company focuses on long-term investments in asset classes that impact the lives of everyday North Americans [5] Offering Details - Avenue Living announced a pricing of an offering of $400 million aggregate principal amount of Series C senior unsecured debentures [1] - The debentures will bear interest at a fixed annual rate of 4.653% per annum, payable in equal semi-annual installments starting July 15, 2026 [2] - The offering is expected to close on or about January 15, 2026 [2] - The net proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes [3] - The debentures are being offered on a private placement basis in Canada, led by RBC Capital Markets along with BMO Capital Markets, CIBC Capital Markets, and TD Securities [3]