REITs REITs

Boardwalk REIT Quebec Inc., in connection with an additional financing with respect to portfolio of apartment buildings by The Toronto Dominion Bank

On June 15, 2017, Boardwalk REIT Quebec Inc. ("Boardwalk REIT") closed an additional financing in the amount of $140 million in respect of a portfolio of apartment buildings located on Nun’s Island, Montreal, Quebec; the financing was provided by The Toronto Dominion...

Lead Office: Montreal Date Closed: June 15, 2017 Value: $140 million

Nobel Real Estate Investment Trust in relation to its combination with Edgefront REIT

On February 14, 2017, Nobel Real Estate Investment Trust (“Nobel”) and Edgefront Real Estate Investment Trust (“Edgefront”) jointly announced their merger to create a $300 million diversified REIT. The merger would be structured and implemented by way of an...

Lead Office: Montreal Date Closed: April 3, 2017 Value: $300 million

SmartREIT in its $350 million issue of series O and series P senior unsecured Debentures

On August 30, 2016, Smart Real Estate Investment Trust ("SmartREIT") completed a $350 million aggregate principal amount issue of senior unsecured debentures. The issue included (i) $100 million principal amount of Series O senior unsecured debentures that carry an annual coupon...

Lead Office: Toronto Date Closed: August 30, 2016 Value: $350 million

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

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

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

The underwriters in connection with the $263.5 million initial public offering of CT REIT

On October 23, 2013, CT REIT completed its initial public offering raising gross proceeds of $263.5 million. The offering was underwritten by a syndicate of underwriters with RBC Capital Markets and CIBC acting as joint bookrunners. A portion of the proceeds of the IPO were used to acquire...

Lead Office: Toronto Date Closed: October 23, 2013 Value: $263.5 million