FAQ: Yorkton Equity Group's Acquisition of The Crystallina Residential Complex

What is The Crystallina property that Yorkton Equity Group acquired?

The Crystallina is a 184-unit multi-family residential complex in Edmonton consisting of three condominium-quality buildings and a standalone amenity building, situated on approximately 3.81 acres in the Crystallina Nera East neighborhood.

How much did Yorkton pay for The Crystallina acquisition?

The purchase price was $46.0 million, with the company having already paid $1,000,000 in non-refundable deposits and the remaining balance to be paid at closing through a combination of cash and a CMHC-insured mortgage.

When is the acquisition expected to close?

The closing date for the acquisition is expected to be January 15, 2026, with all buyer conditions having been removed on October 16, 2025.

What financing has been arranged for this acquisition?

A CMHC-insured mortgage of approximately $44.3 million has been approved, featuring a 50-year amortization period and an interest rate not to exceed 4% per annum, arranged through a licensed mortgage broker who will receive a 0.50% fee upon closing.

What types of units are available at The Crystallina?

The property contains 51 one-bedroom with one-bathroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet.

What amenities does The Crystallina offer to residents?

Amenities include a fitness centre, social room, leasing office, modern tenant lounge, energy-efficient solar panels, community garden, pet run, underground parking with 128 stalls, and 150 surface parking stalls.

Why is this acquisition significant for Yorkton Equity Group?

This acquisition represents another strategic step in Yorkton’s growth strategy, expanding their portfolio of premium rental properties in Edmonton where rental housing demand remains robust due to strong economic conditions, continued in-migration, and attractive affordability.

Where exactly is The Crystallina located?

The property is located at 17904, 17908, 17912 and 17916 - 78 Street NW, Edmonton, Alberta, in the desirable Crystallina Nera East neighborhood.

What other properties has Yorkton recently acquired in Edmonton?

According to the company’s President and CEO Ben Lui, Yorkton has recently acquired The Dwell (188 units) and The Fuse (125 units), making The Crystallina their latest addition to their premium rental property portfolio in Edmonton.