Milestone Moment—our portfolio has surpassed $500M in value with the acquisition of Concord Tower!

We are thrilled to announce a significant milestone—our portfolio has surpassed $500M in value with the acquisition of Concord Tower!

Situated on the doorstep of the University of Alberta campus and Edmonton’s historic Whyte Avenue, Concord Tower is a landmark high-rise tower that offers unparalleled access to key amenities. Residents are walking distance to the LRT station, U of A campus, University hospitals, Whyte Avenue’s vibrant retail district and Edmonton’s scenic river valley.

Beyond its immediate strengths, this asset also presents a rare opportunity for future multifamily development, sitting on excess developable land in an area where land assemblies are notoriously difficult. With the University of Alberta committed to expanding full-time enrollment to 50,000 students by 2026 and 60,000 within the decade, the demand for well-located housing will only intensify.

This acquisition represents more than just growth—it reinforces Elite’s commitment to strategic investments in high-potential assets. We are excited to add Concord Tower into our portfolio as we continue scaling to new heights.

2025-02-21T13:01:28-07:00

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