Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
NexLiving Communities Inc ( (TSE:NXLV) ) has provided an announcement.
NexLiving Communities Inc. has acquired a 50% stake in a portfolio of 169 suites across eight properties in Winnipeg, Manitoba, in partnership with VIDA, who will manage the properties. This $1.8 million investment, funded from existing cash, is expected to enhance NexLiving’s financial performance and aligns with their strategy of expanding their presence in the Canadian multi-residential market.
More about NexLiving Communities Inc
NexLiving Communities Inc. is focused on acquiring and managing recently built or refurbished multi-residential properties in bedroom communities across Canada. The company aims to provide exceptional living experiences with modern amenities, targeting a wide range of demographics. NexLiving currently owns 2,083 suites in New Brunswick, Quebec, Ontario, and Manitoba, and is actively expanding its portfolio.
YTD Price Performance: -9.09%
Average Trading Volume: 7,403
Technical Sentiment Signal: Buy
Current Market Cap: C$55.7M
Find detailed analytics on NXLV stock on TipRanks’ Stock Analysis page.