Edition:
India

Northview Apartment REIT Announces $132 Mln Strategic Acquisition In Ontario


Tuesday, 27 Nov 2018 

Nov 26 (Reuters) - Northview Apartment REIT ::NORTHVIEW APARTMENT REIT ANNOUNCES $132 MILLION STRATEGIC ACQUISITION IN ONTARIO, FURTHER DIVERSIFYING PORTFOLIO.NORTHVIEW APARTMENT REIT - AGGREGATE PURCHASE PRICE WILL BE FUNDED BY CASH CONSIDERATION OF $16.6 MILLION FUNDED FROM EXISTING CREDIT FACILITIES.NORTHVIEW APARTMENT - AGGREGATE PURCHASE PRICE WILL BE FUNDED BY ISSUANCE OF $35.0 MILLION IN CLASS B LP UNITS, MORTGAGE DEBT OF APPROXIMATELY $80.3 MILLION.NORTHVIEW APARTMENT REIT - CLOSING COSTS FOR ACQUISITIONS WILL BE FUNDED FROM EXISTING CREDIT FACILITIES..NORTHVIEW APARTMENT REIT - MORTGAGE DEBT IS EXPECTED TO HAVE AN AGGREGATE WEIGHTED AVERAGE INTEREST RATE OF APPROXIMATELY 3.2% PER ANNUM. 

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