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NexLiving Communities Inc ( (TSE:NXLV) ) just unveiled an update.
NexLiving Communities Inc. has announced its acquisition of 108 townhomes in Ottawa’s Barrhaven suburb, as part of a master-planned community. This strategic move, facilitated through a partnership with Devcore, aims to expand NexLiving’s portfolio by over 10% without issuing new equity, promising double-digit returns for shareholders. The acquisition is structured through a single-purpose entity, with financing via a convertible debenture, and is expected to enhance NexLiving’s presence in the Ottawa housing market.
The most recent analyst rating on (TSE:NXLV) stock is a Buy with a C$2.30 price target. To see the full list of analyst forecasts on NexLiving Communities Inc stock, see the TSE:NXLV Stock Forecast page.
More about NexLiving Communities Inc
Average Trading Volume: 12,385
Technical Sentiment Signal: Sell
Current Market Cap: C$59.17M
Learn more about NXLV stock on TipRanks’ Stock Analysis page.