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Yorkton Equity Group Inc. Announces Acquisition of The Crystallina, a 184-Unit Multi-Family Residential Complex in Edmonton, Alberta
(TheNewswire) Edmonton, Alberta – TheNewswire - (October 24, 2025)  ...
About this update from Yorkton Equity Group Inc
[{"type":"text","content":"Yorkton Equity Group Inc. Announces Acquisition of The Crystallina, a 184-Unit Multi-Family Residential Complex in Edmonton, Alberta\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Edmonton, Alberta\n \n\n –\n \n\n TheNewswire -\n \n\n (October 24, 2025) – Yorkton Equity Group Inc. (TSX.V YEG)\n(“Yorkton” or the “Company”) is very pleased to announce that\non October 16, 2025, after completing a thorough due diligence and\nevaluation process, the Company removed all buyer’s conditions on a\npurchase and sale agreement (“PSA”) for the acquisition of “The\nCrystallina”, a one hundred and eighty-four (184) unit multi-family\nresidential complex in Edmonton constructed in 2016 and comprising of\nthree condominium quality buildings and a free standing amenity\nbuilding with a fitness centre, social room and leasing office,\nsituated on approximately 3.81 acres of land located in the desirable\nCrystallina Nera East neighborhood at 17904, 17908, 17912 and 17916 -\n78 Street NW, Edmonton, Alberta (the “Property”) with a purchase\nprice of $46.0 million.\n \n\n\n\n Under the terms of the PSA, as amended, the Company had\nuntil October 2, 2025 to waive or satisfy certain due diligence\nconditions and until October 31, 2025, to waive or satisfy the\nfinancing condition to complete the transaction. On October 16, 2025,\nthe Company waived the financing condition of the PSA, and all buyer\nconditions were removed.  The closing date for the acquisition of the\nProperty is expected to be January 15, 2026.\n \n\n\n\n A Canada Mortgage and Housing Corporation (“CMHC”)\ninsured mortgage of approximately $44.3 million, inclusive of\nfinancing costs, has been approved by CMHC for the Property. A\nCommitment Letter with a lender has been secured, providing for a\nfifty (50)-year amortization period and an interest rate to be fixed\nprior to closing, not to exceed 4% per annum.\n \n The Company has\nalready paid non-refundable deposits totaling $1,000,000, consisting\nof $100,000 on July 11, 2025 and $900,000 on October 20, 2025.  The\nremaining amount of the purchase price, subject to the usual\nadjustments, will be paid on the closing date by a combination of cash\nand the CMHC insured bank mortgage.  T...