Northview Residential REIT T.NRR.UN

Alternate Symbol(s): NRRUF

Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes, Ridgeview Apartments, Parkview Apartments, Tuscany Manor, County Squire A and B, Willowbrook Townhomes, Mt. Glacier Apartments, and Springhill Apartments, among others. Its commercial properties include the Franklin Manor Building, Bristol Court Sun Life, Blackstone Federal Building, Mack Travel Building, Shoppers Drug Mart, NWT Commerce Place, and others. Its execusuite properties include Inuvik Capital Suites, Capital Suites, and Iqualit Capital Suites. Its portfolio consists of approximately 14,400 multi-residential suites and 200 execusuites across nine provinces and two territories.

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Northview Residential REIT > Insiders buying

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Comment by DanielDardenon Nov 19, 2023 5:35pm

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Post# 35743494

RE:Insiders buying

incomedreamer11 wrote: Nov 15/23 Director Rosenbaum, Harry Direct Ownership

Public market buy Units Class A $10.05 12,000 > 100% = 12,000

Nice find, thanks for posting it. I would not be surprised if this starts a trend among insiders. They understand well that $26.6M was spent on the recapitalization and that benefits will accrue to holders. With the reduced distribution, cash flow going forward can be used to reduce finance costs and improve the balance sheet. The AFFO /u should rise with the improvement in NOI, thereby reducing the payout ratio to the 65% target.

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