Minto Goes Private as Crestpoint Deal Nears Close

Minto Apartment REIT is going private. Minto Group and Crestpoint Real Estate Investments agreed in January 2026 to acquire the trust at $18.00 per unit in an all-cash deal valuing Minto at roughly $2.3 billion — a 32% premium to the January 2 close of $13.61 per BriefGlance. With the Greenberg family's ~40% stake anchoring the rationale, the deal is the central catalyst for unitholders.

Key Takeaways

• All-cash take-private at $18.00/unit, ~$2.3B, announced January 2026.
• 150 Roehampton sold for $90.75M on May 6, 2026 (~$67M net proceeds).
• Q1 2026: SPP revenue $39.4M (+3.1%), normalized FFO/unit +7.4%.

Pre-Privatization Cleanup

As part of the asset cleanup, Minto completed the sale of 150 Roehampton Avenue in Toronto's Midtown for $90.75 million on May 6, 2026 per FT. The 148-suite, 17-storey tower fetched a premium to IFRS carrying value; roughly $67 million in net proceeds repaid the revolving credit facility.

Operations Still Compounding

Q1 2026 results, released May 11, 2026, showed same-property revenue of $39.4M, up 3.1% year-over-year, with normalized FFO per unit up 7.4% per Yahoo Finance. Minto declared a May distribution of $0.04458 per unit, payable June 15, 2026.

The Bottom Line

With units last around $17.42, the market is pricing near-certain completion. The remaining question is timing: once final regulatory and unitholder approvals clear, Minto delists from the TSX and the take-private closes.