09:36 AM EDT, 05/01/2025 (MT Newswires) -- NexLiving Communities (NXLV.V) on Thursday said it invested $1.8 million to acquire a 50% stake in a portfolio comprising 169 suites across eight multi-residential properties in Winnipeg, Manitoba.

The remaining 50% interest will continue to be owned by Halifax-based VIDA, which will continue to act as property manager. The portfolio is currently financed with CMHC-insured mortgages totaling about $14.4 million, bearing a weighted-average interest rate of 2.72% and a remaining average term to maturity of around three years.

NexLiving, which funded the acquisition with existing cash on hand, said the transaction will be accretive to its diluted funds from operations per share.

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