Stella Di Cresce

Stella’s practice involves all aspects of commercial property transactions, including the acquisition, disposition and financing of commercial real estate, joint ventures, property management and leasing of office, retail and industrial space. She has developed particular expertise in portfolio acquisitions for real estate investment trusts (REITs), publicly traded real estate companies and other institutional investors.

Stella also advises on the real property aspects of insolvency and security enforcement transactions, as well as on real property matters as part of corporate acquisitions, reorganizations and insolvency restructurings.


Representative Work

  • Dream Industrial REIT

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

  • Dream Hard Asset Alternatives Trust

    Dream Hard Asset Alternatives Trust in its $120 million green loan for its Sussex Centre complex

  • York Mills Centre

    Gazit Global and Dori Segal Joint Venture in its $240 million acquisition of York Mills Centre, Toronto

  • Tricon Capital Group Inc.

    Dream Unlimited Corp. and Dream Hard Asset Alternatives Trust; Kilmer; and Tricon Capital Group Inc. in Canada Mortgage and Housing Corporation’s $400 million financing

  • Dream Office REIT

    Dream Office REIT in its $322.5 million sale of 700 De La Gauchetière Street West to Allied Properties REIT

  • Dream Office REIT and DREAM Hard Assets Alternatives Trust

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

  • Dream Office REIT

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

  • Dream Unlimited Corp

    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

  • Dream Industrial REIT

    Dream Industrial REIT on its $498.5 million acquisition of a national industrial portfolio from KingSett Capital

  • Dream Industrial REIT

    Dream Industrial REIT (formerly Dundee Industrial REIT) on its $155 million IPO and purchase of industrial portfolios

  • Dream Industrial REIT

    Dream Industrial REIT in its $155 million IPO

  • Dream Office REIT and H&R REIT

    Dream Office REIT and H&R REIT on their $1.266 billion acquisition of Scotia Plaza

  • Dream Office REIT

    Dream Office REIT on its $1.4 billion acquisition of Whiterock REIT

  • Dream Office REIT

    Dream Office REIT (formerly Dundee REIT) on its $832 million acquisition of a 29-property Canadian office portfolio from Slate/ Blackstone

  • Dream Office REIT

    Dream Office REIT in its sale of a $2.3 billion Eastern real estate portfolio to GE Real Estate

  • Google Inc. on its various Canadian leases
  • Dream Unlimited Corp. in its agreement to form a joint venture with Canadian Pacific Railway Ltd.
  • Dream Unlimited Corp. in connection with the formation and initial public offering of Dream Hard Asset Alternatives Trust and acquisition by Dream Alternatives of its approximately $725 million of initial assets
  • Target Corporation in connection with its $1.825 billion acquisition of Zellers store leases in Canada
  • General Motors in its restructuring and the ongoing compliance with its US$3 billion credit facility
  • Royal Bank of Canada on various loans to borrowers secured by properties in Toronto, Montreal and Vancouver
  • Prudential Real Estate Investors in their acquisitions of Dundas Edward Centre, Toronto and Stantec Centre, Edmonton
  • The bondholders in connection with the first mortgage bond financing of 1 First Canadian Place, Toronto, Ontario
  • Various landlords and tenants on the leasing and subleasing of industrial, office and retail properties

Awards and Recognition

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Real Estate (Ontario)
  • The Canadian Legal Lexpert Directory: Recognized in Property Development; Property Leasing
  • Best Lawyers in Canada: Recognized in Real Estate Law
  • Legal 500: Recognized as a Next Generation Lawyer, Real Estate
  • Who’s Who Legal: Recognized in Real Estate (Canada); Real Estate (Global)

Credentials

Education

  • Osgoode Hall Law School, LL.B.
  • York University, B.A. (Hons.)

Languages

  • English

Professional Affiliations

  • Law Society of Ontario
  • Canadian Bar Association
  • Ontario Bar Association