Minto Group and Crestpoint to Form New Partnership and Announce Take-Private Transaction of Minto Apartment REIT

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[{"type":"text","content":"Minto Group and Crestpoint to Form New Partnership and Announce Take-Private Transaction of Minto Apartment REIT\n\n\nMinto Group and Crestpoint to Form New Partnership and Announce Take-Private Transaction of Minto Apartment REIT\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\nCanada NewsWire\n\n\nTransaction Highlights\nMinto Group and Crestpoint announce the formation of a new programmatic joint venture partnership and take-private transaction of Minto Apartment REIT valued at $2.3 billionMinto Group and its affiliated entities to retain a significant equity interest in the new PartnershipThe formation of the Partnership and take-private transaction will combine the strengths of Minto Group's seven decades of expertise with Crestpoint's consistent track record of real estate investing success to form a leading Canadian multi-family owner, operator and development platformOTTAWA, ON, Jan. 5, 2026 /CNW/ - Minto Group (\"Minto\"), together with Crestpoint Real Estate Investments Limited Partnership (\"Crestpoint\" and, together with Minto, the \"Partners\"), announced today that they will form a new programmatic joint venture partnership (the \"Partnership\") and have simultaneously entered into an arrangement agreement (the \"Arrangement Agreement\") to acquire Minto Apartment Real Estate Investment Trust (the \"REIT\") (TSX: MI.UN) (the \"Transaction\").\nAs part of the Transaction, Crestpoint will acquire all of the outstanding trust units of the REIT, other than trust units held directly or indirectly by Minto and certain senior officers (the \"Retained Interest Holders\"), for $18.00 per trust unit in cash. The Transaction is valued at approximately $2.3 billion, including the assumption of net debt and the trust units of the REIT controlled by the Retained Interest Holders and the class B limited partnership units of Minto Apartment Limited Partnership held by Minto and certain affiliates.\nThe Partnership will create a leading Canadian multi-family platform focusing predominantly on the long-term ownership of recent generation, purpose-built rental properties in Can...

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