Northview Announces Completion of Non-Core Asset Sales

Executive Summary

• Northview Residential REIT completed the sale of a $40 million multi‑family portfolio in Moncton, NB and a $49 million portfolio in St. John’s, NL (the latter closed in September 2025).
• The transactions bring total non‑core asset sales since 2024 to $164 million, exceeding the REIT’s original target of $100–$150 million and accelerating the 2026 timeline.
• Proceeds enabled $76 million of credit‑facility repayments, reducing leverage by over 200 basis points and lowering floating‑rate debt exposure, thereby strengthening the REIT’s balance sheet.

Key Details

• Moncton Sale: Completed on Oct. 29 2025; transaction value $40 M for a multi‑family residential portfolio.
• St. John’s Sale: Previously completed in Sep. 2025; transaction value $49 M for a comparable multi‑family portfolio.
• Cumulative Non‑Core Disposals (since 2024): $164 M, surpassing the REIT’s target range of $100–$150 M and ahead of the original 2026 schedule.
• Units Disposed: Over 1,600 multi‑residential suites and 8,600 sq ft of commercial space.
• Financial Impact: Sale prices exceeded IFRS investment‑property values; proceeds facilitated $76 M in credit‑facility repayments.
• Leverage Reduction: Overall leverage decreased by >200 bps, with a corresponding reduction in floating‑rate debt exposure.
• Strategic Rationale: Aligns with Northview’s active debt‑management program and focus on core asset holdings, positioning the REIT for long‑term value creation for unitholders.

Notable Quotes

• “We are pleased that we’ve been able to complete the non‑core asset sales ahead of schedule… This leaves Northview well positioned to deliver long‑term value creation for Unitholders,” – Todd Cook, President and CEO.