PRO Real Estate Investment Trust

PRO Real Estate Investment Trust in its $57.6 million equity offering

Client

PRO Real Estate Investment Trust

Value

$57.6 million

Service

Capital Markets

Date Closed

August 2019

Industry

REITs

Lead Office

Montréal


 

On August 16, 2019, PRO Real Estate Investment Trust (PROREIT) completed a $57.6 million public offering of trust units on a bought deal basis. PROREIT intends to use the net proceeds from the offering to partially fund the acquisition of seven properties, to repay certain indebtedness and for general business and working capital purposes. 

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area.

Osler, Hoskin & Harcourt LLP advised PRO Real Estate Investment Trust with a team consisting of Bastien Gauthier (Corporate) and Etienne Massicotte and Mikulas Arendas (Banking and Financial Services). 


Team
Bastien  Gauthier
Key Contact

Bastien Gauthier

Partner, Corporate

Etienne  Massicotte

Etienne Massicotte

Partner, Financial Services

Mikulas Arendas

Mikulas Arendas

Associate, Banking and Financial Services