Northview Apartment REIT announced initial Fort McMurray aid efforts, which includes a plan to support the 645 families residing with Northview and the 30 employees that have been displaced by the devastating wild fires. Northview is offering free accommodation in Northview properties across Canada, through to the end of May.
“Our primary objective at this time is providing a safe place to call home to the team and residents who have been affected by the wildfires,” said Todd Cook, President & CEO. “I am pleased to say that our Fort McMurray team are all safe. We continue to assess how to offer ongoing support to our team, residents, and community.”
Northview also announces that it will match up to an additional $25,000 in employee donations made to the Red Cross Alberta Fires Appeal. With provincial and federal matching these efforts could generate up to $100,000.
Northview is Canada’s third largest publicly traded multi-family REIT with a portfolio of more than 24,000 quality residential suites in more than 60 markets across eight provinces and two territories. Northview’s portfolio spans markets characterized by expanding populations, growing economies, high occupancy levels, and rising rents, which provides Northview the means to deliver stable and growing profitability and cash distributions over time. The REIT currently trades on the TSX under