Recent Work
  • Ivanhoé Cambridge Inc., a subsidiary of Caisse de dépôt et placement du Québec, in its acquisition with Blackstone Property Partners of Pure Industrial Real Estate Trust for C$3.8B including debt. Affiliates of Blackstone Property Partners and Ivanhoé Cambridge Inc. acquired respectively 62% and 38% of PIRET.
  • Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) as securities counsel and as real estate counsel since inception in 1997, including in its initial public offering and follow-on offerings; in its approximately C$455M of a C$2.2B (EV)/$1B (equity) acquisition of TransGlobe Apartment REIT by Starlight Investments Ltd.; and its acquisition of Residential Equities REIT.
  • Syndicates of underwriters in connection with public offerings of Allied Properties Real Estate Investment Trust for an aggregate value in excess of C$1B.
  • European Commercial Real Estate Limited in its conversion into a REIT, becoming the European Commercial Real Estate Investment Trust, and in its subsequent unit offerings.
  • AIMCo Realty Investors LP in the acquisition by AIMCo and KingSett Canadian Real Estate Income Fund LP of a 50% undivided interest in Scotia Plaza and surrounding assets from Dream Office REIT (D.UN) and H&R REIT (HR.UN).
  • Chartwell Seniors Housing REIT and Health Care REIT, Inc. in the C$931M acquisition from the five Maestro Retirement Residences Funds of a portfolio of 8,187 suites in 42 retirement communities in Quebec, Ontario, Alberta and British Columbia.
  • CT Real Estate Investment Trust (CT REIT) in its C$263.5M initial public offering, C$350M inaugural bond iffering and subsequent offerings totaling over C$1B, as well as acquisitions from Canadian Tire affiliates and third-party vendors.
  • A syndicate of underwriters led by National Bank Financial Inc. in the C$30M bought deal offering of units of BTB Real Estate Investment Trust.
  • The underwriters in the C$115M bought deal offering of units of Summit Industrial Income REIT.
  • Hines REIT in its C$344.8M sale to H&R REIT.
  • Strathallen Capital Corp. in its C$702.9M acquisition of a portfolio of 44 properties from OneREIT, and concurrent sale by Strathallen of six of the acquired properties to Alberta Investment Management Corporation.
  • Hudson’s Bay Company/ RioCan-HBC LP in completing its real estate joint venture transaction with RioCan Real Estate Investment and a related restructuring of HBC’s Canadian real estate holdings. On the closing of the contribution of the initial tranche of properties, the new joint venture acquired 9 retail properties from HBC and RioCan valued at C$1.6B. As part of the second tranche closing HBC indirectly contributed three ground-leased properties consisting of Yorkdale Shopping Centre, Scarborough Town Centre and Square One to the RioCan-HBC JV.
  • ING Real Estate in its C$3.3B acquisition of Summit REIT and in the subsequent sale of ING Summit Industrial Fund to a joint venture company formed by KingSett Capital Inc. and Alberta Investment Management Corp.
  • Starwood Capital Group, as Canadian counsel, in its US$2.85B acquisition of the subsidiaries and assets of Milestone Apartments Real Estate Investment Trust.
  • InnVest Real Estate Investment Trust on its acquisition and financing of numerous hotels across Canada and its negotiations for the construction of hotels in Ontario.
  • Irish Residential Properties REIT plc in its initial public offering and follow-on offerings.
  • Morguard North American Residential REIT in its initial public offering and various disposition and financing matters – specifically the refinancing of 111 Dunsmuir which resulted in net proceeds of C$27.7M.
  • Regal Lifestyle Communities Inc. in connection with the sale of all of its outstanding shares by way of plan of arrangement to Health Care REIT, Inc. and Revera Inc. for C$12.00 per common share in cash, or a total enterprise value of approximately C$766M.
  • RioCan REIT in its friendly C$4.6B offer to acquire Primaris REIT’s retail portfolio together with KingSett Capital and H&R REIT.
  • KEYreit in its defence of the unsolicited take-over bid by Huntingdon Capital Corp.