Has received the consent of Canada Mortgage and Housing Corporation and certain lenders to the REIT that are required to close the previously announced plan of arrangement pursuant to which an affiliate of Crestpoint Real Estate Investments Limited Partnership will acquire all of the REIT's issued and outstanding trust units, other than Trust Units held directly or indirectly by Minto Properties Inc. and its affiliates and certain senior officers, for $18.00 per Trust Unit in cash, in accordance with the arrangement agreement dated January 5, as amended by the amending agreement dated March 2. Minto Apartment Real Estate Investment Trust shares T.MI.UN are trading up $0.13 at $17.98.

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