Ottawa Community Housing Corporation completed the acquisition of 311 suites located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN).
Upon closing, the proceeds of approximately CAD 69 million, net of mortgages and commissions, will be used to repay a portion of the REIT?s variable-rate revolving credit facility.
Ottawa Community Housing Corporation completed the acquisition of 311 suites located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) on February 15, 2024.