On January 5, 2026, Crestpoint Real Estate Investments Limited Partnership (“Crestpoint”) and Minto Group (“Minto”) announced the formation of a new programmatic joint venture partnership and the entry into an arrangement agreement to acquire all of the issued and outstanding trust units of Minto Apartment REIT (the “REIT”) for C$18.00 per unit in an all-cash transaction valued at approximately C$2.3 billion, including debt and retained interests. The transaction is structured as a statutory plan of arrangement.
The purchase price represents a 32% premium to the closing price of the trust units on January 2, 2026, and a 35% premium to the 20-day volume-weighted average price.
The new partnership will create a leading Canadian multi-family platform focused on long-term ownership of recent-generation rental properties and future development opportunities in core markets across Canada. Minto Group will retain a significant equity interest and provide property management and development services, with oversight from Crestpoint.
Crestpoint is a Canadian real estate investment firm and affiliate of Connor, Clark & Lunn Financial Group, managing over $11 billion in commercial real estate and debt investments.
Minto Group is a Canadian real estate company with an integrated investment, development, and management platform, having built over 100,000 homes and managing residential and commercial properties across Canada and the U.S.
McCarthy Tétrault LLP advised Crestpoint on the acquisition with a team led by Tzen-Yi Goh, Matthew Cumming and Heidi Gordon that included Victoria de Luna, Ivor Selimovic, Novalee Davy and Sarah Xu (M&A); Jamie Orzech, Julianne Gu, Anthony Salandra, Sarah Murphy, Mary Pagonis, Morris Choy, Emily Ruvo, Elizabeth Rafferty, Samantha Haggarty, Eveleen Lal, Shakeera Luthra, Jaskirt McDonald, Sylvie Vandal, Alison Walker and Maxime Bellerose (Real Property & Planning); Patrick McCay, Jeremy Ho, Simon Douville and Camille A. Belanger (Tax); Gideon Kwinter and Benjamin Brown (Competition/Antitrust & Foreign Investment); Patrick Pengelly, Marco Fimiani and Francis L. Racine (Labour & Employment); Julia Miller (Pensions and Benefits); Roxane Courjal and Cindy Vaillancourt (Environmental); Michael Scherman (Technology); Amy Fong and Jeff Sun (Intellectual Property); Stephen S. Carbonaro, Christine Siomou and Rebecca Thomas (Corporate); and Phil Paschali and Liam Peet-Pare (Student-at-Law).