Morguard North American Residential REIT finalizes allocation of joint Canadian multi-suite portfolio acquisition

Morguard North American Residential REIT and sponsor Morguard Corporation finalized the allocation of property interests for their joint acquisition of a Canadian multi-suite residential portfolio, originally announced in February 2026. The transaction involves a 26% undivided interest in 91 properties totaling 12,302 suites for a gross purchase price of about $1.1 billion, with the REIT acquiring interests in 60 properties comprising 7,574 suites for $478 million.

Detected & updated continuously · Source: Nebula