TriVan Capital Corporation Announces Sale of Three Edmonton, Alberta Buildings

54 Avenue Industrial Building, Edmonton, AB

Gasland Centre, Edmonton, AB

Norali Business Park, Edmonton, AB

TriVan Capital Corporation, on behalf of limited partnerships under it’s control, is pleased to announce the successful sale of three Edmonton, Alberta based, multi-tenant industrial buildings.

• The TriVan Capital Prairies Opportunity Fund Limited Partnership sold the 54th Avenue building and Gasland Centre.

• The CCP Dixie Limited Partnership sold its remaining asset, Norali Business Park.

At all three buildings, meaningful increases to net operating income were achieved by improving occupancy and bringing average in-place rents to market rates. These improvements ultimately generated strong returns for investors measured on both an IRR and MOIC (multiple on invested capital) basis.