OTTAWA, ON, March 25, 2026 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX: MI.UN) announced today that it has entered into an agreement to sell its 150 Roehampton property located in Toronto, Ontario to a private real estate investor (the "Transaction"). The sale price of $90.75 million is at a premium to the REIT's IFRS value for the asset. Upon closing, the proceeds of approximately $67 million, net of mortgages and commissions, will be used to repay a portion of the REIT's variable-rate revolving credit facility and for general trust purposes. 150 Roehampton was built in 2007 and comprises 148 newly-renovated suites and a full-suite of amenities and is located near the intersection of Yonge and Eglinton in Toronto. The Transaction is anticipated to close in Q2 2026.
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Minto Apartment REIT Announces the Sale of 150 Roehampton for $91 million
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