Potential offtaker

Minto Apartment REIT

www.minto.com

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Minto Apartment REIT is a Canadian real estate investment trust that specializes in multi-residential properties. The company was founded in 2013 and is headquartered in Ottawa, Ontario. Minto Apartment REIT is focused on providing high-quality, sustainable housing options for Canadians, while also delivering strong returns to its investors.

The company's portfolio consists of over 29 properties, totaling more than 9,000 units, located in major urban centers across Canada. Minto Apartment REIT's properties are primarily located in Ontario, Alberta, and Quebec, with a smaller presence in British Columbia and Nova Scotia. The company's properties range from mid-rise to high-rise buildings, with a mix of rental apartments and townhomes.

One of the key focuses of Minto Apartment REIT is decarbonisation. The company is committed to reducing its carbon footprint and promoting sustainable living practices. To this end, Minto Apartment REIT has implemented a number of initiatives to reduce energy consumption and greenhouse gas emissions across its properties. These include the installation of energy-efficient lighting and appliances, the use of green roofs and rainwater harvesting systems, and the implementation of waste reduction and recycling programs.

In addition to these measures, Minto Apartment REIT is also exploring the use of renewable energy sources to power its properties. The company has already installed solar panels at several of its properties, which generate clean energy and reduce the reliance on traditional energy sources. Minto Apartment REIT is also exploring the use of other renewable energy sources, such as wind and geothermal, to further reduce its carbon footprint.

Corporate energy is another area of focus for Minto Apartment REIT. The company is committed to reducing its energy consumption and promoting energy efficiency across its properties. To this end, Minto Apartment REIT has implemented a number of initiatives to monitor and reduce energy usage, including the use of smart meters and energy management systems. The company is also exploring the use of corporate power purchase agreements (PPAs) to secure renewable energy sources and reduce its reliance on traditional energy sources.

Corporate PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for renewable energy over a set period of time. By entering into these agreements, companies like Minto Apartment REIT can secure a reliable source of renewable energy, while also reducing their carbon footprint and promoting sustainable living practices.

Minto Apartment REIT's commitment to sustainability and decarbonisation has earned the company recognition from a number of industry organizations. In 2020, the company was named one of Canada's Greenest Employers by Mediacorp Canada Inc. This award recognizes companies that are leaders in environmental sustainability and promote sustainable living practices among their employees and customers.

In addition to its focus on sustainability, Minto Apartment REIT is also committed to delivering strong returns to its investors. The company has a proven track record of generating stable and predictable cash flows, with a focus on long-term growth and value creation. Minto Apartment REIT's properties are located in high-demand urban centers, with strong rental demand and limited supply, which provides a stable and predictable income stream for investors.

Overall, Minto Apartment REIT is a leader in the Canadian real estate market, with a focus on sustainability, decarbonisation, and corporate energy. The company's commitment to these areas has earned it recognition from industry organizations and has positioned it for long-term growth and value creation. As the demand for sustainable living practices continues to grow, Minto Apartment REIT is well-positioned to capitalize on this trend and deliver strong returns to its investors.