Investment Highlights
An attractive asset class
The Canadian multi-residential real estate sector has delivered superior returns relative to other forms of real estate. Multi-residential real estate is highly stable throughout the economic cycle and is expected to benefit from continued economic expansion and strong rental demand in Canada.
A high-quality portfolio with scale
Comprised of 28 income-producing properties totaling 7,726 suites in Toronto, Ottawa, Montréal, and Calgary, the buildings are located in desirable nodes or downtown areas with constrained supply/demand attributes and excellent walk scores. Our portfolio generates the highest in-place rents among the public peers.
Strategic avenues for growth
Positioned to generate organic growth through gains-to-lease in existing rents, value-adding renovations, and intensification initiatives. The REIT expects to generate external growth through its right of first opportunity on investment opportunities identified by The Minto Group, as well as third-party acquisitions.
Benefit from an industry-leading, vertically integrated platform with a strong alignment of interests
Minto has a fully integrated, institutional-caliber real estate operating platform with a complete range of real estate investment management services, providing the REIT with cost efficiency and scalability. Minto's interest is fully aligned with REIT unitholders as it holds a 40% interest in the REIT, while approximately 75 employees work for both entities. Minto intends to fully internalize asset management and property management functions into the REIT at no cost once the REIT achieves sufficient scale.
Experienced management team and Board
The executive officers of the REIT have more than 99 years of combined real estate industry experience and an average tenure of eight years at Minto. The majority independent Board of Trustees brings deep experience in corporate governance, capital markets, real estate, legal and audit matters.