InterRent REIT, a real estate investment trust, aims to enhance Unitholder value and achieve sustainable growth through strategic multi-residential property acquisitions and ownership. The company's expansion strategy focuses on markets with stable vacancies and opportunities for profitable acquisitions, aiming to efficiently manage its portfolio. Its primary objectives include providing Unitholders with reliable cash distributions, enhancing asset value through active management, and expanding the asset base through beneficial acquisitions. Established in 2006, the company recently secured a $230.14M private equity round investment on 04 June 2020, showcasing investor confidence in its growth strategy. As a player in the Real Estate sector, InterRent REIT aligns with the market's demand for sustainable and value-driven investments.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | $230.14M | - | 04 Jun 2020 | |
Post-IPO Equity | $201.30M | 3 | Desjardins Securities, BMO Nesbitt Burns +1 | 10 Jul 2019 |
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