Ottawa Community Housing Corporation agreed to acquire Chesterton/Bowhill property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for $53.8 million on January 9, 2024. As per the terms, upon closing, the proceeds of approximately $69 million, net of mortgages and commissions, will be used to repay a portion of the REIT's variable-rate revolving credit facility. All conditions were waived by OCH on January 8, 2024. The transaction is expected to close in February 2024.

Ottawa Community Housing Corporation completed the acquisition of Chesterton/Bowhill property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) on February 15, 2024.