Morguard firms up $1.1 billion deal for stake in TD Asset Management residential portfolio

Bitget2026/11/02 22:15

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Morguard completed due diligence and waived purchaser conditions for its joint acquisition of approximately $1.1 billion in TD Asset Management residential interests.
The transaction covers an approximately 26% undivided interest in 91 Canadian properties comprising 12,302 suites.
Morguard will acquire interests for $621 million; Morguard North American Residential REIT's allocation totals $478 million.
Closing is expected in a single tranche, subject to CMHC and lender approval.
Financing includes approximately $225 million in vendor financing; the acquisition is expected to be immediately accretive to both buyers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morguard Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202611021715CANADANWCANADAPR_C5462) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Morguard firms up $1.1 billion deal for stake in TD Asset Management residential portfolio

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