Real Estate Real Estate

Chartwell Retirement Residences on its $254-million acquisition of five premier retirement residences in Ontario and certain joint venture structuring relating to the transaction

On October 29, 2015, Chartwell announced that it entered into a definitive agreement to acquire five premier retirement residences located in Ontario for an aggregate purchase price of $254 million. The properties were acquired from five separate groups of vendors. Osler, Hoskin &...

Lead Office: Toronto Date Closed: -- Value: $254 million

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.

Osler is proud to provide ongoing 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. Some of...

Lead Office: Toronto Date Closed: -- Value: Various

TELUS in its $225 million green bond financing

On July 24, 2015, 500 Georgia Office Partnership, a joint venture between TELUS Corporation and Westbank Corporation, issued $225 million in green bonds. This is the first time in North America that green mortgage bonds have been used to support real estate financing. The proceeds will be...

Lead Office: Toronto Date Closed: July 24, 2015 Value: $225 million

The underwriters in a $48.3 million equity offering by InnVest Real Estate Investment Trust

On July 15, 2015, InnVest Real Estate Investment Trust completed a public offering of units, on a bought deal basis, for aggregate gross proceeds of $42 million. The underwriters subsequently exercised in full their over-allotment option, and purchased an additional 1,260,000 Units on July 22, for...

Lead Office: Toronto Date Closed: July 15, 2015 Value: $48.3 million

Sabra Health Care REIT, Inc. in its $170.5 million acquisition of nine independent living seniors housing communities

On June 11, 2015, Sabra Health Care REIT, Inc., a US-based healthcare property investor, completed its acquisition of a nine property seniors housing portfolio in Canada from the Leo Brown Group, LLC for an estimated gross purchase price of $170.5 million. The acquisition marks...

Lead Office: Toronto Date Closed: June 11, 2015 Value: $170.5 million

SmartCentres REIT in its $1.16 billion acquisition of the SmartCentres platform

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...

Lead Office: Toronto Date Closed: May 28, 2015 Value: $1.16 billion

KingSett Capital and OPB on the implications of their participation in a KingSett Capital-led consortium, which included RioCan REIT, to purchase Primaris Retail REIT and its leading portfolio of 26 major retail shopping centres and other properties.

Lead Office: Toronto Date Closed: -- Value: --

Ventas Canada Financial Limited in its private placement of $650 million of senior unsecured notes

On September 17, 2014, Ventas Canada Finance Limited, a wholly owned subsidiary of Ventas, Inc., announced a private placement of 3% senior notes, series A for gross proceeds of $400 million and 4.125% senior notes, series B for gross proceeds of $250 million. At the time of the...

Lead Office: Toronto Date Closed: September 17, 2014 Value: $650 million

Ventas, Inc. in its $980-million acquisition of 29 independent living seniors housing communities

On August 20, 2014, Ventas, Inc. completed its all-cash acquisition of 29 Canadian seniors’ living communities from Holiday Retirement Corp. for $980 million. Ventas is one of the largest healthcare REITs in the US and the acquisition significantly expands its presence in the Canadian...

Lead Office: Toronto Date Closed: August 20, 2014 Value: $980 million

Dream Unlimited Corp. in connection with the formation and IPO of Dream Hard Asset Alternatives Trust and acquisition by Dream Alternatives of its approximately $725 million of initial assets

On July 8, 2014, Dream Hard Asset Alternatives Trust (Dream Alternatives) completed its initial public offering with the issuance of 72,617,739 units to ROI Canadian High Income Mortgage Fund, ROI Canadian Mortgage Income Fund, ROI Canadian Real Estate Fund and ROI Institutional Private...

Lead Office: Toronto Date Closed: July 8, 2014 Value: $725 million