TriVan Capital Corporation Announces Successful Close of Second Fund and Key Portfolio Updates

2820 5th Avenue NE, Calgary, AB

639 5th Avenue SE, Calgary, AB

TriVan Capital Corporation is proud to announce the successful close of its second real estate fund, TriVan Capital Fund 2 Limited Partnership (Fund 2). Building on the mandate of our inaugural fund, Fund 2 will continue to focus on acquiring high-quality industrial and flex commercial real estate properties in major Canadian cities.

Immediately following its initial close, Fund 2 completed its first acquisition — a 96,359 sq. ft. multi-tenant industrial property in Calgary’s Franklin Industrial Park. Strategically located to serve last mile distribution needs for both surrounding residential areas and downtown Calgary, this property joins three other TriVan managed assets within a one kilometre radius. With this acquisition, TriVan’s total leasable area under management in Franklin Industrial Park now exceeds 624,000 sq. ft.

In addition, we are pleased to provide an update on our Calgary office tower at 639 5th Avenue SE, held by the TriVan Capital 639 Limited Partnership. Since acquiring the property in January 2023, we have completed over 87,000 sq. ft. of net positive leasing, highlighted by a major lease covering two full floors with the Province of Alberta. Current occupancy has now reached an impressive 93%, significantly outperforming the market metrics.

At TriVan Capital, we remain committed to disciplined growth, strong partnerships, and delivering long-term value for our investors.