RBC Capital Markets

RBC Capital Markets in CAPREIT’s $490 million public offering

Client

RBC Capital Markets

Value

$490 million

Service

Capital Markets

Date Closed

December 2019

Industry

REITs

Lead Office

Toronto


 

On December 6, 2019, the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) completed it $490 million public equity offering led by RBC Capital Markets. The funding will be used to finance the REIT’s acquisition of unencumbered multi-residential properties, repay previous acquisitions, finance existing operating lease buyouts and fund future acquisitions along with intensification opportunities within CAPREIT’s portfolio and for revenue-enhancing capital expenditures.

CAPREIT is a growth-oriented investment trust specializing in sites across Canada, the Netherlands and Ireland. CAPREIT has a focus on investments in residential units and suites along with manufactured home communities located in and near major urban centres.

RBC Capital Markets is a global investment firm with a focus on providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments.

Osler, Hoskin & Harcourt LLP advised RBC Capital Markets with a team consisting of Christopher Murray, Rosalind Hunter (Corporate), David Davachi (Tax), Patrick Welsh (Regulatory, Environmental, Aboriginal and Land) and Claire Dunn (Corporate).


Team
Rosalind  Hunter

Rosalind Hunter

Partner, Corporate

David Davachi

David Davachi

Partner, Taxation

Patrick G. Welsh

Patrick G. Welsh

Partner, Regulatory, Environmental, Aboriginal and Land; Litigation

Claire Dunn

Claire Dunn

Associate, Corporate