Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) agreed to acquire three-building apartment complex in Guelph, Ontario from an affiliate of Starlight Investments for CAD 52.7 million on May 16, 2019. The total consideration of CAD 52.7 million will include the issuance of 186,567 class B limited partnership units of certain subsidiaries of Northview valued at CAD 5 million based on per unit price of CAD 26.8. Northview Apartment Real Estate will fund the acquisition from a bought deal equity financing of CAD 75.04 million and available borrowing on credit facilities and a mortgage on the Parkwood Property to be completed upon the closing of the acquisition. The acquisition was unanimously approved by the independent trustees of Northview Apartment Real Estate Investment Trust. The transaction is subject to customary closing conditions including the filing of a (final) short form prospectus qualifying the distribution of the offered units and is expected to close on June 3, 2019. Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) completed the acquisition of three-building apartment complex in Guelph, Ontario from an affiliate of Starlight Investments on June 3, 2019.