Earnings reported by two Ottawa-based apartment real estate investment trusts this month illustrated the double-edged sword of inflation as both saw significant jumps in rental rates but also had to contend with rising financing costs and expenses.
Ottawa-based Apartment REITs Experience Mix of Surging Rents, Rising Costs
Minto Apartment, InterRent Contend With Higher Interest Rates Even as Income Grows
By Garry Marr
CoStar News
March 14, 2023 | 7:59 P.M.
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IN THIS ARTICLE
- Properties
- Centennial Towers
200 Kent St, Ottawa, ON
- Companies
- InterRent Real Estate Investment Trust
Real Estate
- Contacts
- Brad Cutsey
President & Chief Executive Officer, InterRent Real Estate Investment Trust
- Michael Waters
Chief Executive Officer, The Minto Group