OTTAWA – Minto Group says it’s taking its apartment-focused real estate investment trust private in a $2.3-billion deal with Crestpoint Real Estate Investments LP.
Minto says at the same time, it and Crestpoint will form a joint venture partnership that will hold the apartment REIT’s assets and aim to develop more.
It says the partnership will create a leading Canadian multi-family platform focusing mostly on the long-term ownership of recent generation, purpose-built rental properties in Canada.
Minto says both it and Crestpoint have agreed to provide additional capital to fund growth in the partnership with a focus on core Canadian markets including Toronto, Vancouver, Calgary, Montreal, Ottawa, Victoria and Halifax.
The deal comes as a pullback in immigration trends has put pressure on rental prices, while the Minto REIT’s unit price has been trading at almost half of its peak a few years ago.
On news of the deal, the REIT’s unit price jumped $3.64, or more than 26 per cent, to $17.25 in mid-morning trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Jan. 5, 2026.
Companies in this story: (TSX:MI.UN)
