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M&A / Property

MINTO APARTMENT REIT OBTAINS FINAL COURT APPROVAL FOR PLAN OF ARRANGEMENT WITH CRESTPOINT REAL ESTATE INVESTMENTS LIMITED PARTNERSHIP AND MINTO GROUP

By The Northwire Desk — AI Analysis Mar 06, 2026 · 14:24 MI · 17.55
MI · Price

Executive Summary

  • The Ontario Superior Court of Justice issued a final order approving Minto Apartment REIT’s plan of arrangement under which Crestpoint Real Estate Investments Ltd. partnership will acquire all outstanding trust units (excluding those held by insiders) at $18.00 per unit in cash.
  • Unitholders previously voted overwhelmingly in favour of the Arrangement; completion is expected in the second half of 2026, subject to regulatory and lender approvals.
  • The transaction represents a full exit for public unitholders, providing immediate liquidity and a definitive valuation for the REIT’s portfolio.

Key Details

  • Transaction Structure: Cash acquisition of all publicly held trust units (excluding insider holdings) at $18.00 per Trust Unit.
  • Seller: Minto Apartment Real Estate Investment Trust (TSX: MI.UN).
  • Buyer: Affiliate of Crestpoint Real Estate Investments Limited Partnership.
  • Court Approval: Final order from the Ontario Superior Court of Justice (Commercial List) confirming the Arrangement.
  • Unitholder Vote: Overwhelming approval in the prior shareholder meeting.
  • Closing Timeline: Anticipated second half of 2026, pending:
  • Competition Act (Canada) approval,
  • Consent from Canada Mortgage and Housing Corporation,
  • Lender consents, and
  • Satisfaction or waiver of customary closing conditions.
  • Reference Documents: Arrangement Agreement dated Jan 5 2026; Management Information Circular dated Jan 29 2026 – both filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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