Real Estate

Overview

While Canada offers a stable, low-risk environment for real estate development and investment, the sector continues to be influenced by a number of forces, including urbanization, demographic changes and technological advances. The successful execution of real estate transactions and investments requires the expertise of an experienced legal team with a keen understanding of those forces, one that anticipates potential issues and delivers integrated, innovative solutions.

Having played a principal role in several of the most transformational transactions in the Canadian real estate market, Osler’s Real Estate Group helps clients navigate even the most complex real estate transactions. Our work includes advising on all aspects of real property including:

  • Acquisitions, dispositions and joint ventures, with particular expertise in portfolio transactions
  • Investments, with particular expertise advising pension fund investors
  • Capital markets transactions, with particular expertise creating and advising REITs
  • Financing arrangements
  • Commercial leasing (retail, office and industrial)
  • Asset and risk management
  • Infrastructure projects
  • Development projects

Described as having "a lot of depth in their bench” and as “amazing on service delivery" (Chambers Canada 2016), our real estate lawyers possess both technical savvy and practical knowledge, and have earned the unparalleled reputation of being successful negotiators and creative problem solvers. The long-term relationships we build with our clients are based on collegiality and trust, a deep understanding of our clients’ businesses and an in-depth knowledge of the complexities of the Canadian real estate sector. Our clients benefit from that knowledge, as well as Osler’s expertise in areas that intersect with the real estate industry, including capital markets, tax, alternative investment, corporate governance, construction, environmental, infrastructure and U.S. law.

Related Expertise
  • Dream Office REIT

    Dream Office REIT in connection with its co-ownership agreement to own Scotia Plaza and its sale with H&R REIT

  • Target Canada Co.

    Target in connection with the wind-down of its Canadian operations under the Companies’ Creditors Arrangement Act

  • Dream Unlimited Corp.

    Ongoing transaction advice to Dream Unlimited Corp., one of Canada’s leading real estate companies with over $15.0 billion of assets under management in North America and Europe, and its entities including Dream Industrial REIT, Dream Office REIT, and Dream Alternatives.

  • SmartREIT

    SmartREIT (formerly Calloway Real Estate Investment Trust) and its affiliates its affiliates completed the acquisition of the SmartCentres platform from Mitchell Goldhar and SmartCentres as part of a $1.16 billion transaction, making SmartREIT a fully integrated real estate developer and operator

  • Target Stores

    Target Stores, the second largest retailer in the U.S., in connection with its establishment of operations in Canada, including the $1.825 billion acquisition of Zellers store leases and in connection with its subsequent wind down of operations in Canada, including the sale of its interest in retail sites and three distribution centres located across the country.

  • Sabra Health Care REIT, Inc.

    Sabra Health Care REIT, Inc., a U.S.-based healthcare property investor, on its purchase of a portfolio of seniors housing properties in Canada for an estimated gross purchase price of $170.5 million. The acquisition marks Sabra’s first foray into the Canadian market.

  • Ventas Inc.

    Ventas Inc. on its proposed $980 million acquisition of 29 independent living seniors housing communities across Canada from Holiday Retirement Corp.

  • Chartwell Retirement Residences

    Chartwell Retirement Residences in connection with its proposed multi-faceted transaction involving a joint venture purchase with Health Care REIT, Inc. of the United States of 42 seniors facilities throughout Canada for $931 million, and in connection with several other acquisitions in Ontario.

  • TransCanada Pipelines

    In Calgary, managing the preparation of all land acquisition documents and ancillary documents for a pipeline to be constructed across Canada, including right-of-way documentation, leasing documentation and option to purchase documentation. In Ontario, advising on the Parkway Loop, Kings North and Eastern Mainline projects.

  • OMERS Realty/Oxford

    OMERS Realty Corporation/Oxford Properties in connection the sale of its 50% stake of the TD Canada Trust Tower at BCE Place/Brookfield Place, 161 Bay Street, Toronto, valued at $465 million.

  • The Canadian Legal Lexpert Directory 2015 (Property Development and Property Leasing)
  • Chambers Global: The World’s Leading Business Lawyers, 2015 (Real Estate)
  • Chambers Canada: The World’s Leading Business Lawyers, 2016 (Real Estate)
  • Legal Media’s Construction and Real Estate Expert Guide, 2015
  • The Legal 500 Canada 2015
  • Euromoney’s Guide to the World’s Leading Women in Business Law, 2014 (Real Estate)
  • Legal Media Group’s Guide to the World’s Leading Lawyers: Real Estate (2015)
  • The Best Lawyers in Canada, 2015

  • Issues in Canadian Pension Plans Investing in Canadian or US Real Estate , Toronto

The Legal Guide to Canadian Real Estate 2016

View Report
Our Group’s reputation has attracted a diverse roster of Canadian and international clients active in the following industries:
  • Real estate companies
  • REITs
  • Pension funds
  • Retailers
  • Manufacturers
  • Institutional lenders
  • Mortgage lending
  • Oil and gas
  • Seniors housing
  • Power (including electric and renewable)
  • Hospitality