Real Estate Real Estate

SmartREIT and Strathallen Acquisitions Inc. in the acquisition of all of the assets and liabilities of OneREIT for $1.1 billion

On October 4, 2017, Smart Real Estate Investment Trust ("SmartREIT") and Strathallen Acquisitions Inc. ("Strathallen") completed their announced agreement to acquire all of the assets and assume all of the liabilities of OneREIT, including long-term debt and all residual liabilities, where OneREIT...

Lead Office: Toronto Date Closed: October 4, 2017 Value: $1.1 billion

Dream Office REIT and DREAM Hard Assets Alternatives Trust in connection with its sale of a portfolio of properties to Kingsett Capital

On September 8, 2017, Dream Office REIT and DREAM Hard Assets Alternatives Trust sold a portfolio of properties to KingSett Capital for an aggregate gross disposition price of approximately $761 million. Osler, Hoskin & Harcourt LLP represented Dream with a team that included Stella Di...

Lead Office: Toronto Date Closed: September 8, 2017 Value: $761 million

Dream Office REIT in connection with its sale of properties to existing co-owners and Kingsett Capital

On June 20, 2016, Dream Office REIT (“Dream”) together with  KingSett Capital (“KingSett”) and Alberta Investment Management Corporation (“AIMCo”) announced a new co-ownership agreement to own Scotia Plaza in connection with the sale by Dream and...

Lead Office: Toronto Date Closed: August 23, 2017 Value: $1.4 billion

Dream Global REIT in its approximately $903 million transaction relating to a 135 property portfolio in the Netherlands

On July 17, 2017, Dream Global REIT announced that it had entered into a sale and purchase agreement relating to a portfolio of 135 office and light industrial properties located in the Netherlands with a total purchase price of approximately $903 million. The purchase price was satisfied in cash,...

Lead Office: Toronto Date Closed: July 27, 2017 Value: $903 million

Greenhill & Co. Canada Ltd. in connection with the sale of Brookfield Canada Office Properties to Brookfield Property Partners L.P. for $480 million

On June 30, 2017, Brookfield Canada Office Properties announced the completion of its sale to Brookfield Property Partners L.P. for $480 million. Greenhill & Co. Canada Ltd. acted as the independent valuator and financial advisor to the special committee of the Board of...

Lead Office: Toronto Date Closed: June 30, 2017 Value: $480 million

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

Starbucks Coffee Corporation in the closure of its Canadian Teavana stores

In July 2017, Starbucks announced that it was closing all of its Teavana stores in North America its continuing expansion across Canada and the closure of its Teavana stores.. Teavana's loose-leaf, exotic teas will still be available at Starbucks locations. Paul Morassutti (Real...

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

BMO Capital Markets Corp. in connection with the sale of Milestone Apartments Real Estate Investment Trust to Starwood Capital Group for US$2.85 billion

On April 28, 2017, Milestone Apartments Real Estate Investment Trust ("Milestone") announced the completion of its sale to Starwood Capital Group ("Starwood") for US$2.85 billion. Starwood acquired all of Milestone’s subsidiaries and assets, and Milestone...

Lead Office: Toronto Date Closed: April 28, 2017 Value: US$2.85 billion

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