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Boutique investor group lands 148-unit Toronto rental building near Yonge

Crestpoint deal looms over Minto asset sale
A 148-unit Toronto apartment building branded The Roe has a new owner. (Olivier Gariépy/CoStar)
A 148-unit Toronto apartment building branded The Roe has a new owner. (Olivier Gariépy/CoStar)

Montreal-based investors backed by Highmark Real Estate Group have acquired a Midtown Toronto apartment tower from Minto Apartment Real Estate Income Trust for $90.75 million, in a deal that works out to roughly $613,000 per unit.

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