Northview Apartment REIT (OTC:NPRUF) is one of the success stories of the HDS+ core portfolio. With owned housing affordability challenging an increasing number of buyers, certain multi-family REIT's have thrived.
It has delivered a 27.79% total return since its inception on 1/4/18, vs. 14.36% for the S&P 500. $2.07 of that return was due to reliable monthly distributions:
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We'll refer to Northview in this article as NVU, its Toronto exchange ticker, NRPUF is its US ticker. (It's listed in Toronto as NVU.UN.)
NVU is one of Canada's largest REITs. It had a