Aug 10 (Reuters) - Northern Property Real Estate Investment Trust
NPR_u.TO :
* Reit to create $3 billion national multi-family reit through acquisition of
True North apartment reit and $535mm multi-family portfolio from starlight
investments ltd
* Says deal valued at C$535 million
* Says each True North unitholder will receive 0.3908 units of npr per True
North unit
* Says consideration is valued at $9.00 per True North Trust unit, representing
a 16.4% premium
* Says todd cook will serve as president and chief executive officer of
northview
* Reit-npr obtained $325 million bridge facility from scotiabank,canadian
imperial bank of Commerce to fund cash portion of purchase price
* Reit NPR_u.TO - to acquire a 4,650 suite, multi-family portfolio from
starlight investments ltd for $535 million cash
* Source text for Eikon ID:nMKW3yG6Ta
* Further company coverage NPR_u.TO