Real estate investors are eagerly snapping-up seniors housing assets across the country as rising demand from an aging population combined with a shortage of new developments is pushing up profitability, brokers say.
Crestpoint Real Estate Investments Ltd., and Minto Group are teaming up to acquire and take Minto Apartment Real Estate Investment Trust (MI-UN-T) private in an all-cash transaction which values the REIT at approximately $2.3 billion.
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