SmartCentres REIT

SmartCentres in its $230 million bought deal equity offering

Client

SmartCentres REIT

Value

$230 million

Service

Capital Markets

Date Closed

January 2019

Industry

REITs

Lead Office

Toronto


On January 23, 2019,  SmartCentres Real Estate Investment Trust completed its previously announced equity offering, for gross proceeds of $230 million.

SmartCentres intends to use the proceeds to to fund, in part, its previously announced development programs with respect to the Vaughan Metropolitan Centre, seniors housing, self-storage, multi-family residential, retail and other initiatives. 

SmartCentres, headquartered in Vaughan, Ontario, is one of Canada's largest real estate investment trusts with total assets of approximately $9.4 billion.

Osler, Hoskin & Harcourt LLP represented SmartCentres with a team led by Chris Murray (Corporate) that included Tara Law (Corporate Counsel), Charlie Zilvytis (Corporate) and Jack Silverson (Tax).


Team
Tara  Law

Tara Law

Counsel, Corporate

Charlie Zilvytis

Charlie Zilvytis

Associate, Corporate

Jack Silverson

Jack Silverson

Partner, Taxation