Company blames drop in suite occupancy rates on economic fallout from the pandemic.
Minto Properties will construct the nine-storey building with about 230 rental suites at a one-acre site on Beechwood Avenue, and the REIT will have the option to purchase it at a discount.
The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.
The REIT is providing $11.9 million for a joint venture between Minto Properties, and a subsidiary of B.C.-based Darwin Properties to build the first phase of a master-planned community in North…
Firm's funds from operations for the three-month period ending Sept. 30 increased 22 per cent year-over-year to $13.2 million.
Capital's location between Toronto and Montreal makes it a sought-after site for retailers looking satisfy growing demand for same-day deliveries, Anthony Broccolini says.
Ottawa-based Minto Apartment REIT says tenants continued to pay rent at a typical rate in May, adding the company remains in a “strong financial position” despite the COVID-19 crisis.
Minto Apartment Real Estate Investment Trust turned in solid growth in the fourth quarter of its fiscal year
One year after Minto Apartment REIT went public, the Ottawa-based company’s portfolio continues to deliver above initial expectations.
When Roger Greenberg succeeded his uncle Irving as CEO of Minto Group in 1991, he knew running the family business was never going to be a one-person job.