Minto REIT to Go Private in $2.3B Deal Amid Challenging Market Conditions
- ClearView Insider
- Jan 20
- 1 min read
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 sit at $2,074, softening demand, capital constraints, and shifting immigration policy have created a challenging backdrop for the multi-family sector.
The deal highlights mounting pressures facing Canadian landlords: a surge in new supply, declining rents in key markets, and capital markets freeze that’s limiting access to equity and debt. Minto’s board unanimously endorsed the transaction, citing near-term liquidity for unitholders and strategic alignment for long-term growth.
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