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Other

MINTO APARTMENT REIT OBTAINS UNITHOLDER APPROVAL FOR GOING-PRIVATE TRANSACTION WITH CRESTPOINT REAL ESTATE INVESTMENTS LIMITED PARTNERSHIP AND MINTO GROUP

By The Northwire Desk — AI Analysis Mar 03, 2026 · 19:06 MI · 17.6
MI · Price

Executive Summary

  • Unitholders approved the arrangement to sell all Trust Units (except retained interests) to Crestpoint Real Estate for $18.00 per unit in an all‑cash transaction.
  • The vote was overwhelmingly in favour: 98.61 % of total unitholder votes and 96.37 % of minority unitholder votes supported the resolution.
  • Completion is expected in the second half of 2026, subject to court order, Competition Act approval, CMHC consent, lender approvals, and customary closing conditions.

Key Details

  • Transaction Structure: All‑cash acquisition of Trust Units by Crestpoint Real Estate (Pine) Limited Partnership; retained interests remain with Minto Properties Inc. and certain senior officers.
  • Consideration: $18.00 per Trust Unit.
  • Voting Results:
  • Total unitholder votes – 43,920,371 for, 617,387 against (98.61 % in favour).
  • Minority unitholder votes – 16,387,766 for, 617,387 against (96.37 % in favour).
  • Arrangement Agreement Date: January 5 2026.
  • Regulatory & Closing Conditions: Final order from Ontario Superior Court of Justice sought March 6 2026; also requires Competition Act approval, consent from Canada Mortgage and Housing Corporation, lender approvals, and other customary conditions.
  • Anticipated Completion: Expected in the second half of 2026.
  • Reference Materials: Full voting results and management information circular dated January 29 2026 available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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