Minto Apartment REIT Announces the Sale of 150 Roehampton for $91 million

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[{"type":"text","content":"\n\n\nMinto Apartment REIT Announces the Sale of 150 Roehampton for $91 million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nOTTAWA, ON, March 25, 2026 /CNW/ - Minto Apartment Real Estate Investment Trust (the \"REIT\") (TSX: MI.UN) announced today that it has entered into an agreement to sell its 150 Roehampton property located in Toronto, Ontario to a private real estate investor (the \"Transaction\").  The sale price of $90.75 million is at a premium to the REIT's IFRS value for the asset. Upon closing, the proceeds of approximately $67 million, net of mortgages and commissions, will be used to repay a portion of the REIT's variable-rate revolving credit facility and for general trust purposes.  150 Roehampton was built in 2007 and comprises 148 newly-renovated suites and a full-suite of amenities and is located near the intersection of Yonge and Eglinton in Toronto. The Transaction is anticipated to close in Q2 2026.\n\n\n\n\n\n\n\nThe REIT anticipates that the above sale will result in a non-cash Special Distribution. While the final amount is still being assessed, we anticipate the amount will be consistent with the previous disclosure in the management information circular, dated January 29, 2026, and not exceed $1.00 per trust unit. In addition, it is anticipated that the non-cash Special Distribution will be primarily in the form of a capital gain for Canadian income tax purposes.About Minto Apartment Real Estate Investment TrustMinto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in Canada. The REIT owns a portfolio of high-quality multi-residential rental properties located primarily in urban centers in Canada's major markets of Toronto, Montreal, Ottawa, Calgary and Vancouver. For more information on Minto Apartment REIT, please visit the REIT's website at www.mintoapartmentreit.com.Forward-Looking InformationThis n...

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