Landin: Continued REIT Consolidation Expected into 2017
Monogram Residential Trust is exploring a sale, this according to the Dow Jones. If it gets the green light, it’ll be the second apartment REIT deal since August, following a year of next to none. Mid America also announced a plan last month to acquire Post Properties and Milestone Apartments purchased 15 properties from Landmark Apartment Trust, back in January. Milestone is the largest real estate investment trust listed on the TSX, focused solely on the U.S. multi-family sector. The company’s CEO, Robert Landin joins Bloomberg TV Canada’s Pamela Ritchie to give his outlook on the REIT market into 2017.