CALGARY, ALBERTA–(Marketwired – April 8, 2016) – Northview Apartment Real Estate Investment Trust (“Northview” or the “REIT”) (TSX:NVU.UN), is pleased to announce its Gold sponsorship of the Iqaluit Aquatic Centre.
The new Aquatic Centre will be a hub for recreation and sport in Iqaluit, and will be a place where children and youth will develop physically, mentally and socially.
Northview is proud to have raised a combined donation of $150,000, which includes contributions from its valued advisors, including: Scotiabank, CIBC, Starlight Investments Ltd. Bloom Lanys Professional Corporation, Cassels Brock & Blackwell LLP and Longview Communications Inc.
“We are honoured to have been part of the growth seen in Canada’s northern territories for over 30 years and remain committed to being part of the community going forward,” said Todd Cook, President and CEO of Northview. “The new aquatic centre is a much needed facility for the residents of Iqaluit, who currently don’t have an aquatic centre. We thank our advisors for their contributions to our campaign to support this worthwhile project.”
Northview is primarily a multi-family residential real estate investor and operator providing a broad spectrum of rental accommodations with a portfolio of more than 24,000 quality residential suites in more than 60 markets across Canada, which provides Northview the means to deliver stable and growing profitability and cash distributions to Unitholders
Northview’s residential portfolio is comprised of a multi-family segment, including apartments, town homes, and single family rental units; and an execusuites and hotel segment where the rental period ranges from a few days to several months. Northview also has a portfolio of commercial buildings focused on government and quality corporate tenancies predominantly located in the Northwest Territories, Nunavut, and Newfoundland and Labrador. Geographically, Northview operates in Alberta, British Columbia, New Brunswick, Nova Scotia, Newfoundland and Labrador, the Northwest Territories, Nunavut, Ontario, Québec, and Saskatchewan.
The value of Northview’s real estate at December 31, 2015, was $3.0 billion with 24,621 residential units and 1,143,000 square feet of commercial space. Northview is traded on the TSX under the ticker symbol: NVU.UN.
President and CEO
Northview Apartment Real Estate Investment Trust
Chief Operating Officer