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Story summary
- Avenue Living Asset Management, based in Calgary, plans IPOs for its $9.8 billion apartment and self-storage portfolios by listing Avenue Living Core Trust and Mini Mall Storage Properties Trust.
- The reviews aim to move the trusts to public markets and could create entities worth more than $3 billion.
- The reviews are expected to conclude by the end of June, during which redemptions and new equity subscriptions will be halted.
