Two Canada Real Estate Funds Halt Redemptions as They Eye Going Public

Canadian investment firm Avenue Living Asset Management Ltd. is suspending redemptions at two multibillion-dollar real estate funds for months while their boards consider whether to take them public.

The Calgary-based manager said the boards of Avenue Living Real Estate Core Trust and Mini Mall Storage Properties Trust have started a review to evaluate the best way to create value for investors. The firm’s management has recommended both funds pursue a “go-public transaction.”