Regina, Saskatchewan – (September 13, 2022) – The Deveraux Group of Companies and Auctus Property Fund Partnership (the “Partnership”) are pleased to announce the acquisition of Raymond Block, a new concrete, mixed-used property, consisting of 95 contemporary rental suites and residential amenities above two floors of retail and office space occupied by market leading tenants.

About Raymond Block

Standing six-storeys tall, Raymond Block is a rare new development in the historic Old Strathcona District on Whyte Avenue in Edmonton. It is the only LEED Platinum certified mixed-use, mid-rise building in Canada.

Raymond Block’s unique 1- and 2-bedroom suites come equipped with luxury suite finishes such as chic lighting, timeless Caesarstone® quartz countertops, stainless steel appliances, large windows, and soft close cabinetry throughout – combining fashion and function.

Situated on Whyte Avenue in the culturally rich and lively neighbourhood of Old Strathcona, Raymond Block is minutes away from a variety of unique local boutiques, farmer’s markets, trendy restaurants, cozy cafés, and seasonal festivals. Raymond Block offers quick access to the U of A, major roads, and the essentials such as grocery, retail, and professional services.

The acquisition provides further geographical diversification and adds yet another premium asset to Auctus’ property portfolio.

About the Deveraux Group of Companies

The Deveraux Group of Companies is a multi-faceted and dynamic organization focused providing an end-to-end solution for investment into the development and ownership of residential apartment communities across Western Canada.