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Bullboard - Stock Discussion Forum Minto Apartment Real Estate Investment Trust T.MI.UN

Alternate Symbol(s):  MIAPF

Minto Apartment Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns income-producing multi-residential properties located in urban markets in Canada. It owns a portfolio of about 29 income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, and Calgary. The Company's properties include Richgrove, Martin Grove... see more

TSX:MI.UN - Post Discussion

Minto Apartment Real Estate Investment Trust > hidden in Ottawa property sale
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Post by Possibleidiot01 on Jan 09, 2024 9:51am

hidden in Ottawa property sale

The sale price for the Tanglewood property is $32.2 million and all conditions were waived by OCH on December 14, 2023. The sale price for the Chesterton/Bowhill property is $53.8 million and all conditions were waived by OCH on January 8, 2024. Closing of the Transaction is expected to occur in February 2024. Any impact on the REIT's taxable income and potential payment of a special distribution resulting from asset sales will be assessed and communicated later in fiscal 2024.

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