Minto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust headquartered in Ottawa, Canada. Its core business involves the ownership, operation, and development of income-producing multi-residential rental properties across urban centers in Canada. The REIT's mission is to offer unitholders investment opportunities in high-quality rental properties, enhance asset value, maximize long-term unitholder value through capital investment and active management, and provide predictable and sustainable distributions. It also emphasizes building better living environments and recognizing its environmental and social impact.

The REIT specializes in a portfolio of high-quality, multi-residential rental properties located in key Canadian urban markets, including Toronto, Ottawa, Montréal, Calgary, and Vancouver, as well as the Greater Victoria area. As of March 31, 2025, its portfolio comprised 28 properties with approximately 7,485 suites. Minto Apartment REIT actively engages in intensification programs and invests in new purpose-built rental developments to expand its asset base and drive long-term growth.

In a significant development, Minto Apartment REIT announced on January 5, 2026, that it would be taken private through a $2.3 billion transaction with Crestpoint Real Estate Investments Limited Partnership and Minto Group. The deal offers unitholders $18.00 per unit in cash, representing a substantial premium to its trading price prior to the announcement, and is anticipated to close in the second half of 2026, subject to customary approvals. Jonathan Li serves as the President and Chief Executive Officer, having assumed the role effective April 3, 2023. The privatization comes as the REIT, positioned as Canada's only 100% urban residential REIT, navigates market pressures such as increased supply and slower population growth impacting occupancy rates.