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TPG Said in Talks to Buy Canada REIT's Manufactured Housing Unit [Financial Post (Toronto, Ontario, Canada)]

TPG Inc. - Class A (TPG) 
Company Research Source: Financial Post
investor to gain exposure to the historically tight real estate market of its northern neighbor. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Alternative asset manager TPG Inc. is in talks to buy the manufactured housing business of Canadian Apartment Properties REIT, a move by a major US investor to gain exposure to the historically tight real estate market of its northern neighbor. TPG is in exclusive discussions to acquire the business for more than C$700 million ($519 million), according to a person familiar with the matter who asked not to be identified because the talks are private. A transaction is not imminent and if a deal is reached, it may not be announced for several weeks, the person said. Article content Article content A TPG spokeswoman declined to comment, and a representative for Canadian Apartment Properties did not immediately respond to requests for comment. Canada i Show less Read more
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