On May 28, 2015, Smart Real Estate Investment Trust (now known as SmartCentres REIT, formerly Calloway Real Estate Investment Trust) and its affiliates completed the acquisition of the SmartCentres platform from Mitchell Goldhar and SmartCentres as part of a $1.16 billion transaction. The transaction made SmartCentres REIT a fully integrated real estate developer and operator by adding SmartCentres' platform of development, leasing, planning, engineering, architecture and construction capabilities. The transaction also included the acquisition by SmartREIT and its affiliates of a $1.1-billion portfolio of 24 properties located principally in Ontario and Québec.
Osler, Hoskin & Harcourt LLP represented SmartCentres REIT with a team consisting of Chris Murray (Corporate), Rod Davidge (Real Estate), Tara Law, Lauren Lefcoe (Corporate), Jack Silverson (Taxation) and Shuli Rodal (Competition).