2 days ago
Minto REIT to Go Private in $2.3B Deal Amid Challenging Market Conditions
Minto Apartment REIT, one of Canada’s largest rental housing landlords, is going private in a $2.3 billion all-cash transaction. Crestpoint Real Estate Investments, in partnership with longtime property manager Minto Group, will acquire the trust at $18.00 per unit, a 35% premium over recent trading levels. Minto’s portfolio includes 7,600 rental units across 28 properties, including four Calgary assets totaling 665 suites. While occupancy remains high (96%) and average rents
