On October 24, 2021, Iris Acquisition II LP, a consortium led by Canderel Real Estate Property Inc., FrontFour Capital Group LLC, Artis REIT and Sandpiper Group Holdings Inc., announced its acquisition of Cominar REIT for $5.7 billion. As part of the plan of arrangement, Koch Real Estate Investments and Artis REIT will provide preferred equity for the transaction.
Koch Real Estate Investments is an investment subsidiary of Koch Industries, focused on investments in real estate assets and operating companies.
Cominar is a Canadian diversified real estate investment trust and a commercial property owner in Quebec.
Osler, Hoskin & Harcourt LLP advised Koch Real Estate Investments with a team consisting of Alex Gorka, Brett Anderson, Douglass Dawson, Neil Rosen (Corporate), Yan Besner (Real Estate), Matias Milet and Jennifer Horton (Tax).