TriVan Capital Purchases Two Assets in Edmonton and Announces Second Close

TriVan Capital is pleased to announce that the TriVan Capital Prairies Opportunity Fund Limited Partnership (the “Fund”) has closed two more deals, both located in Edmonton, Alberta. These assets are well located, flex commercial and light industrial properties with a good tenant mix and strong cash flow.

Leasing activity in the Alberta industrial real estate markets has picked up noticeably in the last couple quarters while activity in the flex commercial market is improving, albeit at a slower pace. Concurrently, we are seeing investors that have avoided investing in the Prairie provinces for many years come back in search of new opportunities. The acquisitions that the Fund has already completed reflect good value considering this current backdrop.

We are also happy to advise that in November 2021, the Fund held a second close to allow additional investors an opportunity to participate. This round is a strong vote of confidence in our investment thesis as we continue to deploy the Fund’s capital into assets in major cities across Alberta, Saskatchewan and Manitoba.