CALGARY, Alberta, Dec. 06, 2018 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX) announced today it has closed the acquisition of a 563 unit portfolio of five apartment properties from independent vendors in Toronto and London, Ontario. The acquisition of these properties, along with an 81 unit property in Guelph, Ontario, was previously announced on November 26, 2018. The remaining property in Guelph is being acquired from affiliates of Starlight Group Property Holdings Inc. and is expected to close before the end of December 2018. The aggregate purchase price of the six acquisition properties is $131.9 million (excluding closing costs), representing a weighted average capitalization rate of 4.2%.