Yorkton Equity Group Inc. (TSX.V: YEG) announced on October 24, 2025, that it has removed all buyer's conditions on a purchase and sale agreement for The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta. The acquisition, with a purchase price of $46.0 million, is expected to close on January 15, 2026. The Property is located at 17904, 17908, 17912 and 17916 - 78 Street NW, in the Crystallina Nera East neighborhood, and comprises three condominium-quality buildings and a free-standing amenity building with a fitness centre, social room and leasing office, situated on approximately 3.81 acres.
Under the terms of the PSA, the Company had until October 2, 2025, to waive due diligence conditions and until October 31, 2025, to waive the financing condition. On October 16, 2025, Yorkton waived the financing condition, and all buyer conditions were removed. A Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million, inclusive of financing costs, has been approved. A Commitment Letter with a lender provides for a 50-year amortization period and an interest rate to be fixed prior to closing, not to exceed 4% per annum. The Company has paid non-refundable deposits totaling $1,000,000, with the remaining purchase price to be paid on closing from cash and the CMHC-insured mortgage.
The Property consists of 51 one-bedroom, one-bathroom suites; 97 two-bedroom, one-bathroom suites; and 36 two-bedroom, two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. Each suite features an open-concept design, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. The three apartment buildings offer 128 underground parking stalls and 150 surface stalls, along with amenities such as a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, a community garden, and a pet run.
“The acquisition of The Crystallina marks another exciting step forward in Yorkton’s growth strategy,” said Ben Lui, President and CEO of Yorkton. “Following our recent acquisitions of The Dwell, with 188 units, and The Fuse, with 125 units, The Crystallina further expands our portfolio of premium, condominium-grade rental properties in Edmonton, Alberta, where rental housing demand remains robust, supported by strong economic conditions, continued in-migration, and attractive affordability.”
Yorkton Equity Group Inc. is a growth-oriented real estate investment company focused on acquiring and managing multi-family rental properties in Alberta and British Columbia. The management team has over 30 years of experience in the sector.
Further information about Yorkton is available on the Company's website at www.yorktonequitygroup.com and the SEDAR+ website at www.sedarplus.ca.
