08:49 AM EDT, 08/13/2025 (MT Newswires) -- BSR Real Estate Investment Trust (HOM-U.TO and HOM-UN.TO) on Wednesday said it has bought The Ownsby Apartments in Celina, Texas submarket of the Dallas-Fort Worth MSA for US$87.5 million.

The company said Ownsby comprises 368 apartment units, including one, two, and three-bedroom suites.

"The addition of another high quality, newly developed lease-up property in a fast-growing Texas submarket is the perfect complement to our portfolio," said BSR Chief Executive Dan Oberste. "The Ownsby will be another example of a community that can benefit from the BSR platform's proven ability to maximize value through predictable rotations into best-in-class investments in Texas."

Shares of the company closed down 0.5% to $17.05 on Tuesday on the Toronto Stock Exchange.