Reported in the G&M Insider Report Sept21 Northview Apartment Real Estate Investment Trust (NVU-UN-T -1.10%decrease
)
Between Sept. 11-15, Daniel Drimmer invested over $13-million in units of this REIT. He purchased a total of 400,000 units at an average price per unit of approximately $33.83 for an account in which he has indirect ownership (Starlight Group Property Holdings Inc.), increasing this particular account’s holdings to 949,132 units.
Mr. Drimmer sits on the board of trustees. He is also the president and chief executive officer of True North Commercial REIT (TNT-UN-T -2.20%decrease
).
Northview pays its unitholders a monthly distribution of 13.58 cents per trust unit, or roughly $1.63 per unit yearly, equating to a current annualized yield of 4.61 per cent.
The unit price is trading just below its record closing high.