Announced that it has completed the acquisition of Forrest Green Apartments, a 13-storey, 109-suite apartment building located in the Clayton Park neighbourhood of Halifax, Nova Scotia. The acquisition closed on January 27, for a gross purchase price of $29.6 million. The going-in capitalization rate on the purchase is 5.0%, and Killam anticipates placing a new CMHC-insured mortgage on the property. Killam Apartment REIT shares T.KMP.UN are trading down $0.15 at $17.29.
Stocks in play: Killam Apartment REIT
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