Boardwalk Equities Purchases Family Rental Units

Boardwalk Equities Inc. completed, on May 1, 2002, the purchase of a portfolio of 3,100 multi-family rental units located on Nun’s Island situated immediately south of downtown Montreal, consisting of 59 apartment buildings and 260 townhouse units, all clustered within an 80-acre parcel of land. The price was approximately $177.5 million and the purchase was completed by the acquisition of the rights of the vendor, Jesta Capital Corp., under various emphyteutic leases.
Boardwalk was represented in-house by Doug Biggs, vice-president, legal affairs, and by Osler, Hoskin & Harcourt LLP with a team led by Neil Bindman, and assisted by Nicole Cloutier, Josée Lefebvre, Norman Loveland and Geneviève Lille.
Jesta Capital was represented by Davies Ward Phillips & Vineberg LLP, with a team led by Daniel Miller, and assisted by Sébastien Thériault, Philippe Johnson and Sandra Gaudrault.

Lawyer(s)

Geneviève Lille Daniel S. Miller Josée Lefebvre Philippe Johnson Nicole Cloutier Sébastien Thériault Sandra Gaudreault

Firm(s)

Osler, Hoskin & Harcourt LLP Davies Ward Phillips & Vineberg LLP