True North Apartment REIT Closes Previously Announced Off-Market Acquisition of Four Ontario Properties

True North Apartment Real Estate Investment Trust (REIT) announced that it has closed the previously announced acquisition of four multi-family properties in Ontario. The Properties are located in Kitchener, Guelph, and Brantford.

 
The aggregate purchase price of the Properties was $25.7 million, including an installment note.  For further information, please refer to the press release dated February 21, 2013 which may be found on the REIT's website at www.truenorthreit.com.
 
"We are pleased to have completed this accretive acquisition," stated Leslie Veiner, the REIT's Chief Executive Officer. "Our Ontario property portfolio continues to grow, and we look forward to building further on the strong performance we have experienced in the province to date."

on March 1, 2013