Real Estate Real Estate

Chartwell Master Care LP in its acquisitions, for a total purchase price of $511 million

On June 21, 2024, Chartwell Master Care LP announced its acquisitions, for a total purchase price of $511 million, of (i) a 100% ownership interest in a portfolio of five high-quality, modern retirement residences with 1,428 suites, located in the Greater Montréal area, Gatineau and Sherbrooke;...

Lead Office: Montreal Date Announced: June 21, 2024 Value: $511 million

The agents in connection with First Capital REIT’s offering of $300 million Series B unsecured debentures

On March 1, 2024, First Capital REIT announced the closing of its offering of $300 million aggregate principal amount of Series B senior unsecured debentures on a private placement basis in certain provinces of Canada. The debentures were offered through a syndicate of agents co‐led by Desjardins...

Lead Office: Toronto Date Announced: March 1, 2024 Value: $300 million

Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone

On January 19, 2024, Tricon Residential announced it had entered into an arrangement agreement with Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. to acquire all outstanding common shares of Tricon for US$11.25 per Common Share in cash. Tricon Residential Inc. is...

Lead Office: Toronto Date Closed: -- Value: US$3.5 billion

SAGE Properties Corp in its sale of its Harbour and Manor senior living facilities and related businesses to Shepherd’s Care Foundation

On July 17, 2023, SAGE Property Group announced the sale of its Harbour and Manor senior living facilities and related businesses located in Rocky View County, Alberta, to Shepherd’s Care Foundation. The Harbour and Manor seniors’ residences consist of 32 memory care suites and...

Lead Office: Calgary Date Closed: November 1, 2023 Value: -

Aldesta Hotels and Resorts in its acquisition of Fairmont Hot Springs Resort Ltd

On June 8, 2023, an affiliate of Aldesta Hotels and Resorts completed its acquisition of Fairmont Hot Springs Resort Ltd, which operates Fairmont Hot Springs resort in the Canadian Rocky Mountains featuring mineral hot spring pools. The resort includes a ski hill, spa, hotel, lodge, golf...

Lead Office: Vancouver Date Closed: June 8, 2023 Value: -

SmartCentres Real Estate Investment Trust in its offering of $300 million Series Z senior unsecured debentures

On May 12, 2023, Smart Centers Real Estate Investment Trust announced that it has priced an offering of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures on an agency basis. The debentures are being offered by a syndicate of agents. Scotia Capital is the lead...

Lead Office: Toronto Date Closed: May 12, 2023 Value: $300 million

Dream Industrial REIT in its $200 million senior unsecured debentures offering

On March 22, 2023, Dream Industrial REIT completed a private placement of $200 million aggregate principal amount of 5.383% Senior Unsecured Debentures. The Debentures were offered on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion...

Lead Office: Toronto Date Closed: March 22, 2023 Value: $200 million

Dream Industrial REIT in its $5.9 billion acquisition, in partnership with a leading global sovereign wealth fund, of Summit Industrial Income REIT

On February 17, 2023, Dream Industrial REIT, in partnership with a leading global sovereign wealth fund, closed an agreement with Summit Industrial Income REIT under which a joint venture between Dream Industrial REIT and the sovereign wealth fund will acquire Summit. The all-cash transaction is...

Lead Office: Toronto Date Closed: February 17, 2023 Value: $5.9 billion

Parity in its $8 million financing from strategic investors

On October 11, 2022, Parity Inc. announced it had closed $8 million in financing, strengthening its position as a leader in heating, ventilation, and air conditioning (HVAC) optimization for multi-tenant buildings. With this financing from Wyse, a leading expert in utility information, RET...

Lead Office: Montreal Date Closed: October 11, 2022 Value: $8 million

Properly Inc. in its $36-million financing round

On August 8, 2022, Properly Inc. announced the completion of its $36-million financing round. This equity financing round is joined by Parker89, Bain Capital Ventures, Prudence, FJ Labs, Golden Ventures, Intact Ventures, Max Ventures, AlleyCorp and Interplay, and will extend the company’s...

Lead Office: Toronto Date Closed: August 8, 2022 Value: $36 million