26 LEXPERT MAGAZINE
|
JANUARY/FEBRUARY 2018
BIG REAL ESTATE
with a team of Allan Goodman, Emily Ting
and Sarah Macchione (securities), Ken Her-
lin (real estate) and Kabir Jamal (tax).
ALLIED PROPERTIES REIT
CLOSES PUBLIC EQUITY OFFERING
CLOSING DATE: AUGUST 17, 2017
On August 17, 2017, Allied Properties Real
Estate Investment Trust (Allied Proper-
ties REIT) completed a public offering of
7,695,000 units (inclusive of 770,000 units
issued pursuant to the exercise in full of the
underwriters' over-allotment option) at a
price of $39.00 per unit for gross proceeds
of just over $300 million. e units were of-
fered on a bought deal basis by a syndicate
of underwriters led by Scotiabank and RBC
Capital Markets, and including BMO Capi-
tal Markets, CIBC Capital Markets, TD
Securities Inc., Desjardins Securities Inc.,
National Bank Financial Inc., Canaccord
Genuity Corp. and Raymond James Ltd.
Aird & Berlis LLP represented Allied
Properties REIT with a team composed of
Margaret Nelligan, Sherri Altshuler, Anne
e offering was made through a syndicate
of underwriters, which was co-led by Desjar-
dins Capital Markets and National Bank
Financial Inc. and included Echelon Wealth
Partners Inc., GMP Securities L.P., TD Se-
curities Inc., Canaccord Genuity Corp.,
Industrial Alliance Securities Inc., Manu-
life Securities Incorporated and Laurentian
Bank Securities Inc.
Blake, Cassels & Graydon LLP acted as
Canadian counsel to the REIT, with a team
that included William Fung, Jacob Gofman,
Jeremy Ozier and Patrick Severide (securi-
ties), and Andrew Spiro and Ian Caines (tax).
Greenberg Traurig, LLP acted as US coun-
sel to the REIT with a team that included
Andrew White and Barbara Jones.
e syndicate of underwriters were repre-
sented by Davies Ward Phillips & Vineberg
LLP, with a team in Canada that included
Jim Reid and Jennifer Prieto (securities), and
Raj Juneja and Kimberly Brown (tax); and in
the US with a team that included Scott Fish-
er (securities), and Peter Glicklich and Heath
Martin (tax).
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2018
Miatello, Melanie Cole and Daniel Ever-
all (corporate and securities), Mike Smith
and Aaron Silver (real estate) and Barbara
Worndl (tax).
Stikeman Elliott LLP represented the
syndicate of underwriters with a team com-
posed of David Weinberger, Ryan Kirvan,
Katarina Zoricic and Rachel Wasserman
(corporate), Chad Bass-Meldrum (real es-
tate) and Lindsay Gwyer (tax).
NEXUS REIT CLOSES FINANCING
AND PRIVATE PLACEMENT
CLOSING DATE: JUNE 30, 2017
Nexus Real Estate Investment Trust com-
pleted a public offering of 26,200,000 trust
units of the REIT at a price of $2.10 per unit
for gross proceeds to the REIT of approxi-
mately $55 million.
Concurrent with the public offering, RFA
Capital Partners Inc. and related investors
purchased 7,150,000 trust units of the REIT
at a price of $2.10 per unit, on a non-brokered
private placement basis, for gross proceeds to
the REIT of approximately $15 million.
