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Northview Apartment REIT Completes Previously Announced $132 Million Strategic Acquisition in Ontario

January 2, 2019 By Globenewswire Tagged With: TSX:NVU.UN

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CALGARY, Alberta, Jan. 02, 2019 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX) announced it has closed the acquisition of an 81 unit property in Guelph, Ontario in late December 2018. The property was acquired from affiliates of Starlight Group Property Holdings Inc. This completes the $131.9 million strategic acquisition, previously announced on November 26, 2018, of six apartment properties representing a weighted average capitalization rate of 4.2%.

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