Mr. Ben Lui reports

YORKTON EQUITY GROUP INC. SUCCESSFULLY CLOSES THE ACQUISITION OF THE CRYSTALLINA, A 184-UNIT MULTI-FAMILY RESIDENTIAL COMPLEX IN EDMONTON, ALBERTA

Yorkton Equity Group Inc. has closed the acquisition of The Crystallina, a 184-unit multifamily residential complex in Edmonton constructed in 2016, and comprising three condominium quality buildings and a free-standing amenity building with a fitness centre, social room and leasing office, situated on approximately 3.81 acres of land overlooking the scenic Crystallina Lake, located in the desirable Crystallina Nera East neighborhood at 17904, 17908, 17912 and 17916 -- 78 St. NW, Edmonton, Alta.

This acquisition, previously announced on Oct. 24, 2025, was successfully completed on Jan. 15, 2026, for a purchase price of $46.0-million and has been financed by a combination of the company's cash for the down payment and a Canada Mortgage and Housing Corp.-(CMHC)-insured mortgage of approximately $44.3-million, inclusive of financing costs, that bears interest at a fixed rate of 3.692 per cent for a five-year term and is amortized over 50 years. The company paid a fee of 0.50 per cent of the committed loan amount to a licensed mortgage broker for services in arranging the mortgage financing upon closing of the loan.

The property was appraised at $46.75-million with a projected total annual revenue of approximately $3.6-million and a projected total annual net operating income (NOI) of approximately $2.2-million, as well as a capitalization rate of approximately 4.9 per cent. The property currently has an occupancy rate of 98.4 per cent. Yorkton believes that there will be a strong potential to grow the NOI (net operating income) in the coming years.

"Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio," says Ben Lui, president and chief executive officer of Yorkton. "This follows our purchases of The Dwell (188 units) and The Fuse (125 units), and further increases our portfolio of high-quality, condominium-grade rental properties in Edmonton, Alta. The city's growing population, healthy economy and affordable housing market make it an ideal location for expanding our portfolio. We look forward to successfully integrating The Crystallina into our portfolio and continuing our growth to enhance our profitable proposition for shareholders."

The property comprises 51 one-bedroom with one-bathroom suites, 97 two-bedroom with one-bathroom suites and 36 two-bedroom with two-bathroom suites. The average suite size is 803 square feet and the total net rentable space is 147,826 square feet. Each suite is of condominium-quality and features an open-concept design, quartz countertops, stainless steel appliances, walk-in closets and in-suite laundry. Each of the three apartment buildings features underground parking, with a total of 128 underground stalls, in addition to 150 surface parking stalls. Additional amenities include a fully equipped fitness centre to support active lifestyle, a modern tenant lounge, a leasing office in the standalone amenity building, energy-efficient solar panels, a community garden and a pet run.

About Yorkton Equity Group Inc.

Yorkton Equity Group is a growth-oriented real estate investment company committed to providing shareholders with growing assets through accretive acquisitions, organic growth and the active management of multifamily rental properties with significant upside potential. The company's current geographical focus is in Alberta and British Columbia with diversified and growing economies, and strong population in-migration. The company's business objectives are to achieve growing net operating income and asset values in the company's multifamily rental property portfolio in strategic markets across Western Canada.

The management team at Yorkton Equity Group has well over 35 years of prior real estate experience in acquiring and managing rental assets.

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