REIT Stack
Briefings
Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
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Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
New REIT Stack briefings when they publish. No promotion. Unsubscribe anytime.
Plaza Retail is evaluating Axia Real Assets' unsolicited C$5.28-per-unit proposal, a roughly C$1.23 billion take-private approach carrying a 21% premium but no binding agreement yet.
InterRent's C$4 billion take-private closed July 9 at C$13.55 per unit, ending its TSX listing and moving the apartment portfolio into private ownership under CLV Group and GIC.
Chartwell paid C$382.5 million for 30% of a C$1.275 billion, 2,943-suite Seasons portfolio it now operates — capping a deal-heavy June that followed a 52.4% Q1 FFO surge.
On June 22, the Competition Bureau cleared Firm Capital's C$218 million purchase of a 50% stake in ten manufactured home communities, with closing now expected in Q3 2026.
On June 3, PRO REIT agreed to buy 17 industrial properties across Québec City and Winnipeg for C$136.8 million, backed by a C$107.3 million raise that closed June 10.
First Capital REIT has agreed to be acquired by KingSett Capital and Choice Properties for $24.40 per unit, a take-private deal that would split its portfolio in two.
InterRent REIT's $4 billion take-private by CLV Group and GIC awaits only CMHC and lender consents before a July 10, 2026 outside date, with units trading below the $13.55 offer.
Choice Properties and KingSett Capital agreed to carve up First Capital REIT, with Choice taking the urban grocery-anchored half and KingSett the rest, closing later this year.
Slate Grocery REIT's board has struck a special committee after an unsolicited buyout proposal from its external manager, and is now soliciting competing bids to test the portfolio's value.
Minto Apartment REIT is being taken private by Minto Group and Crestpoint in an all-cash deal that values the trust near $2.3 billion at a 32% premium.
Clarke Inc agreed on March 27 to acquire Ravelin Properties (the rebranded Slate Office REIT) in an all-stock deal valued at ~C$1.1B — a distressed end to a long unwind.
On April 16, Choice Properties and KingSett Capital agreed to take First Capital REIT private in a C$9.4B transaction — the largest Canadian REIT deal of the year so far.