Boardwalk REIT Quebec Inc.

Boardwalk REIT Quebec Inc., in connection with an additional financing with respect to portfolio of apartment buildings by The Toronto Dominion Bank

Client

Boardwalk REIT Quebec Inc.

Value

$140 million

Service

Real Estate

Date Closed

June 2017

Industry

REITs

Lead Office

Montréal


 

On June 15, 2017, Boardwalk REIT Quebec Inc. ("Boardwalk REIT") closed an additional financing in the amount of $140 million in respect of a portfolio of apartment buildings located on Nun’s Island, Montreal, Quebec; the financing was provided by The Toronto Dominion Bank in favour of Boardwalk Nun’s Island Trust 1, Boardwalk Nun’s Island Trust 2 and Metropolitan Structures (MSI) Inc. and amendments to two existing financings totalling an amount of $214 million.

Boardwalk REIT is an owner-operator of multi-family rental projects across Canada. Boardwalk REIT currently owns and operates more than 230 properties, comprising of 35,686 apartments, which total a net leasing area of approximately 30 million square feet.

Osler, Hoskin & Harcourt LLP represented Boardwalk REIT with a team which included Nicole Cloutier (Real Estate) and Constantine Troulis (Financial Services).


Team
Nicole  Cloutier
Key Contact

Nicole Cloutier

Partner, Real Estate

Constantine Troulis

Constantine Troulis

Partner, Financial Services