Announced

Crestpoint Real Estate Investments to acquire Minto Apartment REIT from Minto Group for $2.3bn.

Synopsis

Crestpoint Real Estate Investments, a commercial real estate investment manager, to acquire Minto Apartment REIT from Minto Group, a real estate company, for $2.3bn. "Minto is excited to announce this strategic transaction and partnership with Crestpoint – a best-in-class real estate investor with a shared vision and commitment to long-term success. We believe that this partnership will best enable Minto to execute on its strategic initiatives moving forward, while ensuring the company remains true to the core values it has upheld for over 70 years," Michael Waters, Minto Group Chief Executive Officer.

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