Greystone acquires Timbercreek REIT's multifamily assets for $176M

Private equity company Greystone Managed Investments has acquired all of the apartment units owned by Timbercreek REIT -- 5,112 units in 62 buildings in Manitoba, Ontario, Quebec and Nova Scotia -- for $176 million. Timbercreek had been considering a public offering but opted not to.

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Globe and Mail (Toronto) (tiered subscription model), The

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