Northview REIT sold for $4.5 billion

Calgary-based Northview Real Estate Investment Trust (REIT) has been acquired in a $4.5 billion takeover by a major shareholder and Kingsett Capital Inc.

By
Starlight Property Holdings Inc. / Toronto / for Western Investor
October 1, 2020





Northview REIT St. Paul Alberta building
— Starlight Property Holdings Inc.., Toronto, for Western Investor

Type of property: Multi-family REIT

Location: 60 markets across Canada

Number of units: 27,000 (approx.)

Date of sale: February 20, 2020

Closing date: November 2, 2020

Asset sale price: $2.5 billion

Total sale price: $4.5 billion

Vendor: Northview Real Estate Investment Trust, Calgary

Buyers: Starlight Group Property Holdings Inc. and Kingsett Capital Inc., Toronto

 


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