Brief: Minto Apartment REIT Announces Sale Of Two Properties To Ottawa Community Housing Corporation For $86 Million

Minto Apartment Real Estate Investment Trust

09/01/2024 14:53

Jan 9 (Reuters) - Minto Apartment Real Estate Investment
Trust  MI_u.TO :
    * MINTO APARTMENT REIT ANNOUNCES THE SALE OF TWO PROPERTIES
TO
OTTAWA COMMUNITY HOUSING CORPORATION FOR $86 MILLION
    * MINTO APARTMENT REAL ESTATE INVESTMENT TRUST - PROCEEDS OF
ABOUT
$69 MILLION, TO BE USED TO REPAY PORTION OF CO'S VARIABLE-RATE
REVOLVING CREDIT FACILITY
    * MINTO APARTMENT REAL ESTATE INVESTMENT TRUST - TRANSACTION
IS
IMMEDIATELY ACCRETIVE TO FFO AND AFFO PER UNIT ON AN ANNUALIZED
BASIS.
    * MINTO APARTMENT REAL ESTATE INVESTMENT TRUST: TRANSACTION
IS
IMMEDIATELY ACCRETIVE TO FFO AND AFFO PER UNIT ON AN ANNUALIZED
BASIS

Source text for Eikon:  ID:nCNWFY8PJa 
Further company coverage:  MI_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))