Yorkton Equity Group (YEG-X) is investing $46 million to acquire The Crystallina apartment complex, a three-building “condominium quality” community in Edmonton which includes 184 apartments.

The complex was constructed in 2016, and is located on approximately 3.81 acres of land in the growing Crystallina Nera East neighbourhood at 17904, 17908, 17912 and 17916 78 St. N.W.

A free-standing amenities building on the property includes a fitness centre, social room and leasing office.

“The acquisition of The Crystallina marks another exciting step forward in Yorkton’s growth strategy,” Yorkton Equity president and CEO Ben Lui said in the announcement Friday morning. “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.

“We are very pleased with the continued momentum in our expansion ...”

Edmonton-based Yorkton says it has completed all its diligence on the property and waived all buyer conditions. It expects to close on the sale on Jan. 15, 2026.

The Crystallina apartments

The Crystallina apartments include 51 one-bedroom with one bathroom suites, 97 two-bedroom with one bathroom suites and 36 two-bedroom with two bathroom suites. The average suite size is 803 square feet and the total net rentable space is 147,826 square feet. 

Each suite features an open-concept design, quartz countertops, stainless steel appliances, walk-in closets and in-suite laundry. Each of the three apartment buildings features underground parking, with a total of 128 underground stalls, in addition to 150 surface parking spots.  

Additional amenities include a tenant lounge, solar panels, the fitness centre, a community garden and a pet run.

Yorkton reports it has secured a CMHC-insured mortgage for $44.3 million for the property. Terms include a 50-year amortization period and an interest rate to be fixed prior to closing, but not to exceed four per cent.

Yorkton and its growth strategy

Yorkton Equity Group Inc. is a growth-oriented real estate investment company committed to providing shareholders with growing assets through accretive acquisitions, organic growth and the active management of multifamily rental properties with, what the firm considers, “significant upside potential.” Its current focus is in Alberta and British Columbia.

In a previous interview with RENX, Liu said the company's plan is to grow through the acquisitions of between $50 and $100 million of multifamily properties annually.

Yorkton’s chairman is Bill Smith, a former professional football player with the CFL's then-Edmonton Eskimos, who was also elected to three terms as mayor of the City of Edmonton.

The company has grown out of a firm which was originally founded in 1989. It began investing in real estate development and multifamily projects in the early 2000s, and became a publicly traded company in 2020.

The management team at Yorkton Equity Group Inc. has over 30 years of prior real estate experience in acquiring and managing rental assets.