Crestpoint and Minto Group complete C$2.3B take-private acquisition of Minto apartment REIT

On August 7, 2026, Crestpoint Real Estate Investments Limited Partnership (“Crestpoint”) completed the C$2.3 billion take-private acquisition of Minto Apartment Real Estate Investment Trust (the “REIT”) in partnership with Minto Group (“Minto”). Pursuant to the transaction, an affiliate of Crestpoint acquired all of the issued and outstanding trust units of the REIT, other than units held directly or indirectly by Minto and certain senior officers, for C$18.00 per unit in cash. The transaction was completed by way of a statutory plan of arrangement.

The new partnership formed between Crestpoint and Minto in connection with the transaction creates a leading Canadian multi-family platform focused on the long-term ownership of recent-generation rental properties and future acquisition and development opportunities in core markets across Canada. Minto rolled its 42.7% equity interest into the partnership and will continue to provide property management, development and construction management services, with oversight from Crestpoint.

Crestpoint is a Canadian real estate investment firm and affiliate of Connor, Clark & Lunn Financial Group, managing over $14 billion in commercial real estate and debt investments.

Minto 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, Pegah Mortazavian and Khristoff Browning (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).