Skip to main content

Northview Announces Completion of Non-Core Asset Sales

Written by Customer Service on . Posted in Public Companies.

Not for distribution to U.S. newswire services or for dissemination in the United States.

CALGARY, Alberta, Oct. 29, 2025 (GLOBE NEWSWIRE) — Northview Residential REIT (“Northview” or the “REIT”) (NRR.UN – TSX) announced it has completed the sale of a $40 million multi-family residential portfolio in Moncton, NB today, in addition to a $49 million multi-family residential portfolio in St. John’s, NL which was completed in September 2025. Since 2024, Northview has completed $164 million in non-core asset sales, ahead of its target of $100 – $150 million and original 2026 timeline. The REIT has disposed of over 1,600 multi-residential suites and 8,600 sq. ft. of commercial space in non-core assets at sale prices that exceeded Northview’s IFRS investment property values and provided $76 million in credit facility repayments.

“We are pleased that we’ve been able to complete the non-core asset sales ahead of schedule. Combined with our active debt management program, we have reduced our leverage by over 200 bps and decreased our floating rate debt exposure, further strengthening the REIT’s financial position. This leaves Northview well positioned to deliver long-term value creation for Unitholders,” commented Mr. Todd Cook, President and Chief Executive Officer of Northview.

ABOUT NORTHVIEW RESIDENTIAL REIT

Northview is a publicly-traded real estate investment trust established pursuant to a declaration of trust under the laws of the province of Ontario for the primary purpose of acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada.

To learn more about Northview, visit www.rentnorthview.com or contact:

Todd Cook
President and Chief Executive Officer
Northview Residential REIT
Tel:         (403) 531-0720
Email:     tcook@nvreit.ca

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.