Northern Property Real Estate Investment Trust plans to buy True North Apartments and another portfolio of 4,650 suites from the True North chairman’s Starlight Investments.
True North’s Daniel Drimmer would become the largest investor in the new firm, which will be called Northview.
The Globe and Mail
says that the company would have its head office in Calgary, where Northern is currently based.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Arran-Elderslie, Coal Creek, Laval, Farmington, Maryhill
A deal involving around 25,000 apartments across Canada was announced Monday.