Deveraux continues to strengthen its position as a leading owner and operator of purpose-built rental housing in Western Canada with the acquisition of two premium residential assets in Alberta and Manitoba. These transactions reflect Deveraux’s disciplined growth strategy, enhance operating scale in key Prairie markets, and support the company’s ongoing focus on operational excellence and long-term value creation.
In Edmonton, Alberta, Deveraux has acquired The Fifth at Palisades, a 257-unit purpose-built rental community located in the city’s northwest. Adjacent to Albany Market Square, the asset offers immediate access to retail and essential services, along with a comprehensive suite of resort-style amenities. This acquisition strengthens Deveraux’s presence in a resilient and growing Edmonton market, while contributing to the company’s broader strategy of scaling efficiently within stable, high-performing regions.
In Winnipeg, Manitoba, Deveraux has completed the acquisition of Latitude 49 Townhomes, an 84-unit community in Sage Creek. Featuring one- and three-bedroom townhomes, the property is situated directly across from the new Sage Creek elementary school, an attractive feature for families and professionals seeking quality rental housing in a well-connected, master-planned neighbourhood. The acquisition enhances Deveraux’s Manitoba portfolio and aligns with the company’s commitment to investing in desirable, community-oriented locations that support sustainable, long-term performance.
Together, these acquisitions further position Deveraux for continued growth across the Prairies, advancing its mission to deliver best-in-class rental experiences and generate enduring value for residents, investors, and partners alike.