TORONTO—Milestone Apartments REIT made its initial public offering on the Toronto Stock Exchange this month, and is working with a portfolio made up of 52 multifamily garden-style residential properties totaling 16,944 units.
Those properties are located in 10 major metropolitan markets in the Southeast and Southwestern United States. The fund has a gross book value in excess of $1.12 billion
Milestone Apartments REIT is now the third largest multifamily REIT listed on the TSX and the largest REIT focused 100% on U.S. assets.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
