US EditionMinto Apartment REIT Going Private with Crestpoint in $2.3-Billion Deal
- On Jan. 5, 2026, Minto Apartment Real Estate Investment Trust announced an all-cash arrangement to buy outstanding Trust Units for $18.00 each, valuing the REIT at approximately $2.3 billion.
- Facing higher interest rates since 2022, the REIT's performance weakened amid lower immigration and new condo supply, and after review the Special Committee of independent trustees and Board of trustees recommended the Transaction.
- The Special Committee engaged Desjardins Capital Markets and BMO Capital Markets, both delivering oral fairness opinions as at Jan. 5, 2026, with Desjardins valuing Trust Units between $17.00 t and $19.00.
- Investors reacted immediately, lifting the Trust Units price $3.64 to $17.25 in mid-morning TSX trading; the REIT expects a Meeting in March 2026 and will pay a monthly distribution of $0.04458 per Trust Unit through closing.
- Structured as a statutory plan of arrangement under Ontario law, the deal includes a $47.7 million reverse termination fee, a $42.1 million termination fee, and a six-month Minto Voting Agreement restricting competing bids.
24 Articles
24 Articles
The Minto Group privatizes its flat-based real estate investment trust (RPI) as part of a 2.3 billion deal with Crestpoint Real Estate Investments, while the Canadian rental market is under pressure from growing supply and declining immigration.
Minto Apartment Real Estate Investment Trust Announces Going‑Private Transaction with Crestpoint Real Estate Investments Limited Partnership and Minto Group
Key highlights: Trust Unitholders to receive all-cash consideration of $18.00 per Trust Unit, representing a 32% premium to the last closing price of the Trust Units on the Toronto Stock Exchange on January 2, 2026 and a 35% premium over the 20-day volume-weighted average trading price of the Trust Units as at such date The REIT's Special Committee and Board (with conflicted trustees abstaining) have unanimously approved the Transaction and rec…
Winnipeg Free Press
Minto Apartment REIT going private with Crestpoint in $2.3-billion deal
Breaking News, Sports, Manitoba, Canada
Minto Apartment REIT Targeted in $1.7B Take-Private Deal
A group of four law firms orchestrated a high-stakes take-private acquisition of Minto Apartment Real Estate Investment Trust, with Minto Group and Crestpoint Real Estate Investments leading an all-cash deal valuing the REIT at $1.7 billion. According to a Monday news release, the partners plan to form a joint venture that includes assuming the REIT’s REIT $1.7B Multifamily private take suit targets premium all-cash acquisition of Minto REIT.
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