Project information
- Property Name: Parke Avenue Square
- Location: Red Deer, Alberta
- Number of Units: 88
- Completion Date: November 2006
- Type: Re-Position & Sale
- Value: $9,300,000.00
- Equity Partner ROI: 48% per annum
Purchased to convert & sell to howeowners & investors, sold to Boardwalk REIT.
Parke Avenue Square is a sprawling 88-suite apartment complex located in Red Deer, Alberta which acts as the business hub between the capital city of Edmonton and the business centre of Calgary. At the time, this was the largest project we had undertaken, and a very successful one for our Equity Partners.