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Renting an apartment
Renting an apartment

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Another REIT IPO coming to Canada

(Editor's note: An earlier version of this post misspelled Milestone REIT. This version has been corrected.)

Another real estate investment trust wants to debut on Canadian markets, looking to raise about $200-million from investors keen on U.S. apartments.

Milestone REIT is expected to file initial public offering documents Friday, according to two people familiar with the situation. BMO Nesbitt Burns and CIBC World Markets are said to be leading the transaction.