Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) will look for acquisitions. Northview Apartment announced that it has agreed to sell on a bought deal basis, subject to regulatory approval, 2,800,000 trust units at a price of $26.80 per Trust Unit to a syndicate of underwriters co-led by CIBC Capital Markets and The Bank of Nova Scotia (TSX:BNS) (Scotiabank) for gross proceeds of approximately $75 million. Northview intends to use the net proceeds from the Offering to fund the acquisition of a property located in Guelph, Ontario for a purchase price of $52.7 million and to repay a portion of its credit facilities. Northview's increased borrowing capacity will support current and future developments, acquisitions, and working capital requirements.