Fund completes full development-to-exit cycle on 74-unit Spruce Grove rental community
EDMONTON, AB, September 1, 2026 – Cantiro Asset Management Corporation (“Cantiro”) is pleased to announce that Cantiro Opportunity Fund and Cantiro Opportunity LP (together, the “Fund”) have completed the sale of Kenton Flats, a 74-unit residential rental building located in Spruce Grove, Alberta. The transaction represents the Fund’s first completed project disposition since its launch in 2024.
Kenton Flats was acquired by the Fund in March 2025 and developed by Cantiro as a purpose-built rental community comprising 39 one-bedroom units and 35 two-bedroom units. Leasing commenced in October 2025 and construction was completed in November 2025, with the property achieving 97% occupancy prior to sale. The project benefited from strong rental demand in the Edmonton region, attractive demographics in Spruce Grove and Cantiro’s vertically integrated development platform. Located near the Yellowhead transportation corridor and grocery-anchored retail development in east Spruce Grove, Kenton Flats generated returns that exceeded the Fund’s original targets for the investment.
“Kenton Flats represents exactly the kind of opportunity the Cantiro Opportunity Fund was created to pursue. This disposition marks an important milestone for the Fund and demonstrates our ability to execute the full development lifecycle, from acquisition and construction through lease-up and exit. We acquired a well-located site, delivered a high-quality rental community and achieved a successful outcome while staying true to our strategy and timeline,” said George Cantalini, Founder & Chief Executive Officer of Cantiro.
The Fund was established to provide investors with the opportunity to participate in the development of high-quality Canadian real estate projects. The Fund’s strategy involves acquiring, developing, constructing and leasing development projects, with the objective of generating capital appreciation and investment returns through the eventual disposition of completed assets. The successful completion and sale of Kenton Flats demonstrates the Fund’s ability to execute its investment strategy from acquisition through stabilization and value realization in approximately 17 months.
“This successful disposition validates our development-to-exit model and demonstrates the Fund’s ability to deliver results for our investors. We look forward to deploying capital into additional projects in our pipeline as we continue to build on this track record,” said Jodie Wacko, Chief Operating Officer of Cantiro.
The Fund continues to hold a diversified portfolio of development projects across Alberta and Ontario, including Onyx, a 33-storey mixed-use residential rental tower with approximately 315 residential units and commercial space in downtown Calgary; Stride Towns (Heritage Valley), a residential development in southwest Edmonton; Livingston, a townhome community in Calgary; and 63 Courtland, a purpose-built rental development in Kitchener, Ontario. The Fund is also evaluating and acquiring additional development opportunities to support the continued growth of the portfolio.
About Cantiro
With a focus to “create the environments for amazing lives to happen,” Cantiro is a Canadian-based real estate development company with over 160 employees and more than 30 years of experience. Cantiro oversees a portfolio of approximately $720 million in real estate assets and over $305 million in investor equity under management across Alberta, British Columbia and Ontario. Cantiro’s history includes over 3,600 acres of developed land and more than 3,500 constructed homes and apartment units, with expertise spanning the entire real estate lifecycle from project conception and municipal approvals to development, construction, pre-leasing and sales. Cantiro’s commitment to excellence has been recognized with numerous industry awards, including Single Family Builder of the Year – Large Volume at the 2025 BILD Edmonton Metro Awards of Excellence and all major honours at the 2023 CHBA Edmonton Awards of Excellence.
Disclaimer
This news release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. This news release may contain forward-looking information based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially. The Fund undertakes no obligation to update forward-looking information except as required by applicable securities laws.
