Minto's $18-per-unit privatisation by Crestpoint set to close August 7
What's the deal? Minto Apartment Real Estate Investment Trust has secured consent from Canada Mortgage and Housing Corp. and certain lenders, clearing a key condition to complete its going-private transaction with Crestpoint Real Estate Investments Limited Partnership. Under the plan of arrangement, an affiliate of Crestpoint will acquire all of the REIT's outstanding trust units — excluding those held by Minto Properties Inc., its affiliates, and certain senior officers — for $18 per unit in cash. The REIT expects to close on or about August 7, 2026.
What does Minto do? The REIT owns income-producing multiresidential rental properties in urban Canadian markets, including Toronto, Montreal, Ottawa, Calgary, and Vancouver.
Why now? The transaction stems from an arrangement agreement dated January 5, 2026, later amended on March 2, 2026. The CMHC and lender consents were required to proceed to closing.
What changes for unitholders? Alongside the closing timeline, the REIT declared a cash distribution of 4.458 cents per unit for July, equal to 53.5 cents annualised. It will pay the distribution to unitholders of record as at July 31, 2026, on the earlier of the transaction's completion or August 14, 2026.
The signal: The buyout takes another publicly traded Canadian apartment REIT off the market, folding its urban rental portfolio into private ownership.
Read more: Stockwatch
